Weak Consumer Spending In November, Such As Clothing In The United States, Is Flat.

Us revenues in November almost stood still, so consumer spending rose in November. Range Less than expected means the largest proportion of the economy. consumption Spending will be tighter next year.

According to the Ministry of Commerce survey, personal spending in the United States increased by only 13 billion 100 million yuan in November compared with the previous month, rising by 0.1%, unchanged from the increase in October. Personal income increased by 0.1% or 8 billion 500 million yuan, not as much as 47 billion 200 million yuan or 0.4% in October. weak 。

But disposable income fell by 0.1% or 5 billion yuan. The above two indicators of personal expenditure and personal income are not as good as analysts' expectations.

Analysts point out that consumer spending accounts for about 2/3 of the economy, and has attracted widespread attention. Consumption growth is strong enough to push the economy up in the fourth quarter.

Eich Woods, chief economist at CapitalEconomics, believes that the consumer spending report is disappointing, which may indicate that the fourth quarter's economic growth will be lower than the previous 3% highest expectations. rise Maybe only 2.5%.

Weak personal income in November was mainly due to the decline in wages and salaries, which accounted for the largest share of income. The weak spending is mainly due to people spending 0.3% on food, clothing and gasoline. Fall Drag on;

Consumer spending on durable goods grew by 0.8%, mainly due to strong car sales. Although consumer spending rose only narrowly last month, economists are still expecting growth in consumer spending to lead to sustained economic growth.