US Consumer spending is accelerating again. Just in time for the Holiday Season. Consumer confidence is driving a boost in holiday spending.
November Sees Several Positive Spending Tailwinds
For starters, holiday shopping started early: rather than wait for Black Friday in late November, many retailers started offering sales in early November.
Other positive trends were:
Mild weather: mild weather brings out more shoppers. New iPhone will add to sales Solid macroeconomic conditions: The economy moved at a steady pace. One major headwind was the reversal of the hurricane recovery spending. From auto sales to furniture. Building materials and appliances. Hurricane recovery spending pushed up retail.
You may also like US Retail Companies Have a Massive Bill to Pay Come 2018
Now it’s reversing and that will be a drag.
This post was published at FinancialSense on 12/12/2017.