The good news the US economy is strong and continues to gain momentum despite the naysayers. Statistics are part of the story and the stats keep showing improvement. What does this mean? It means that the facts don’t lie. Consumer spending is one of the important measures of our economy. Other good indicators are unemployment and consumer confidence. All of these are stronger than they were following the economic crash and recession. It’s comforting to know that despite how the media and pundits “spin” the story of recovery, key economic indicators continue to show improvement and growth. But don’t take my word for it! Here is the full story:
U.S. CONSUMER SPENDING INCREASE STRONGEST IN OVER SIX YEARS
U.S. consumer spending recorded its biggest increase in more than six years in April, and spending is likely to remain supported by strong gains in house prices, as well as a strengthening labor market, which is steadily pushing up wages. The Commerce Department said consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 1.0 percent last month as households bought a range of goods and services. The strong consumer spending report joined data on goods exports, industrial production, housing starts, and home sales in suggesting the economy was regaining momentum after growing at a lackluster 0.8 percent annualized rate in the first quarter.