Personal Spending

From Trading Economics “Personal spending in the United States rose just 0.1 percent from a month earlier in August 2019, following a revised 0.5 percent growth in July and missing market expectations of 0.3 percent. An increase in consumption of recreational goods and motor vehicles was offset by a decline in spending at restaurants and hotels. Personal Spending in the United States averaged 0.53 percent from 1959 until 2019, reaching an all time high of 2.80 percent in October of 2001 and a record low of -2.10 percent in January of 1987”

Not a good sign if the Consumer is the one that has to carry the U.S. Economy.Take a look at chart it is evident that Consumer spending trending in the wrong direction.(Chart via trading economics)

United States Personal Spending

And a Line chart Via Bloomberg

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