Personal Spending Growth Tumbles To 7-Month Lows After Dramatic Revisions

Tuesday, May 30, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
May 30, 2017

Having weakened to unchanged for the last two months, April saw personal spending rise 0.4% MoM (as expected) and personal income rise 0.4% MoM (as expected). However, year-over-year growth in spending (+4.3%, weakest since Sept 2016) and income (+3.6%, weakest since Jan 2017) both signaled a rolling over of the post-Trump exuberance (just in time for another rate-hike by the The Fed).

Major (upward) revisions to spending data seems to have exaggerated April’s demise…

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter