Weekly: US – Consumer spending set to accelerate

by: Peter de Bruin

Weekly: US - Consumer spending set to acclerate ()
Download

Last week’s data suggested that consumer spending remains soft, though we think that this is about to change. Headwinds from the rise in taxes are fading. Meanwhile, we expect the labour market recovery to step up a gear. There are signs of stronger spending in vehicle sales and the ISM non-manufacturing report.