Tags: ny fed | consumer | spending | year

NY Fed: Consumers Forecast More Spending Than Last Year

shopping bag in profile of male american consumer with red arrow shooting upward
(Skypixel/Dreamstime)

Tuesday, 19 February 2019 03:14 PM

U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday.

Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer Expectations conducted in December showed.

People with a high school education or less, in particular, drove the increase, the New York Fed said.

The average expected growth in spending in 2019 rose to 2.8 percent from 2.3 percent the year prior, according to the survey.

© 2019 Thomson/Reuters. All rights reserved.

   
1Like our page
2Share
StreetTalk
U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday.
ny fed, consumer, spending, year
97
2019-14-19
Tuesday, 19 February 2019 03:14 PM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved