Consumer spending dropped for the first time in a year as shoppers kept their wallets in their pockets in April, leaving experts split on whether the economy is headed for a rebound.
The Commerce Department said yesterday that consumer spending dropped 0.1 percent in April after rising 1 percent the month before. Consumer spending accounts for 70 percent of overall economic activity.
Economists laid much of the blame for the unexpected drop on a surprisingly strong March.
"There was a strong surge in March, said Chris Christopher, director of consumer economics at IHS Global Insight. "(Consumers) came out swinging and now have to take a breather."
Christopher said consumer spending will likely bounce back in May.
"Whatever negative we had in April was due to a very strong March," he said.
Lindsay Piezga, chief economist of Sterne Agee, agreed that March took the wind out of April's sails, but said there may not be another pick-up.
"Despite hopes of pent-up demand driving consumption and overall growth through the second quarter — and the second half — it appears after just two months any lingering demand for goods leftover from the winter months at the start of the year has since been satisfied," she said.
Still, other economic indicators show cause for optimism, said Nigel Gault, co-chief economist of the Parthenon Group.
"Most signals are that the economy has some underlying pick-up," Gault said.
Anda sedang membaca artikel tentang
Consumer spending in U.S. sinks for first time in year
Dengan url
http://sedangapasaja.blogspot.com/2014/05/consumer-spending-in-us-sinks-for-first.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Consumer spending in U.S. sinks for first time in year
namun jangan lupa untuk meletakkan link
Consumer spending in U.S. sinks for first time in year
sebagai sumbernya
0 komentar:
Posting Komentar