Fannie Mae: Consumer spending growth to pick up in Q2

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gain in May consumer spending, combined with an upward revision that pushed April’s increase to the biggest since August 2009, points to a pickup in real consumer spending growth in the second quarter to more than 4.0 percent annualized from the lackluster pace of 1.5 percent in the first quarter. The price index tied to consumer spending, the

WASHINGTON, Nov. 20, 2018 /PRNewswire/ — The Fannie Mae Economic. While consumer spending growth is expected to moderate from the robust second and third quarters, both business fixed investment.

Fannie Mae: Consumer spending growth to pick up in Q2 Jenifer Contents projects personal consumption strategic research (esr) group Economic growth stalled Home / Daily Dose / Fannie Mae Projects a.

The forecast for U.S. GDP growth for all of 2018 remains unchanged at 2.7 percent, according to the Fannie Mae. and parts spending, following the fourth-quarter 2017 surge to replace.

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Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter.

However, Fannie Mae kept its full year projected growth at 2%, unchanged from last month. For the current quarter, on the other hand, growth is down slightly due to weaker-than-expected consumer.

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This year is almost over, and it will end on a cheerful note, or so says the December 2017 Economic and Housing Outlook from Fannie Mae. consumer spending looks likely to strengthen.” Consumer.

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. Group expects economic activity to pick up in the second quarter of this year, bolstered by increases in the housing sector, consumer spending, and business investment. Fannie Mae expects economic.

Fannie Mae now sees U.S. economic growth at 3.0% this year, up from its prior view of 2.8% on the premise that inventory restocking will more than make up for slowing consumer spending growth.

although we expect to see a meaningful pickup in growth next year as some of those lingering policy issues now are beginning to clear," said Fannie Mae Chief Economist Doug Duncan. "Consumer spending,

Fannie Mae projects full-year economic growth at 2%.. before being the driving force for the economy in Q2, consumer spending was actually cited by the Fannie Mae report as the major cause of.