Not exact matches
The release was a bit of a Goldilocks report for the market, as it continued the narrative that the economy is growing
at a
healthy pace, but the weakest performance in consumer
spending in five years punched a hole in the inflation bubble that hurt the market early in the week.
This result was boosted by tourist
spending associated with the Rugby World Cup, but even abstracting from this short - term stimulus, both travel - related and other service exports have continued to expand
at a
healthy pace.
This will constrain household
spending, but it is a
healthy outcome and
spending will likely continue to advance
at roughly the
pace of income growth.
Current conditions are the «pocketbook» issues and when this index is high, consumer
spending is usually growing
at a
healthy pace.