U.S. Real Personal Consumption Expenditure

U.S. Real Personal Consumption Expenditure This chart suggests that U.S. consumer spending activity is expected to decline by 13% in simple terms. Image: Oxford Economics

Global Consumption by Region

Global Consumption by Region Chart suggesting that developing economies will dominate global consumption. Image: McKinsey Global Institute

Consumption Growth and Household Debt

Consumption Growth and Household Debt This chart shows the effects of household debt and suggests that high household debt limits consumer spending. Image: Oxford Economics

Home Prices Lead U.S. Consumption

Home Prices Lead U.S. Consumption This chart suggests that home prices lead U.S. consumption by 9 months. Image: Nordea, Sebastian Dypbukt Källman

Contribution of Consumption to China’s GDP Growth

Contribution of Consumption to China’s GDP Growth This chart shows that consumption is the primary driver of China’s economic growth. You may also like “China Real GDP Growth Projection.” Image: ANZ Research

How Have Real Personal Consumption Expenditures Declined Ahead Of Every Recession?

How Have Real Personal Consumption Expenditures Declined Ahead Of Every Recession? Consumer spending drives the US economy. Historically, Real Personal Consumption Expenditures, which accounts for about 70% of GDP, decline before a recession. That’s not the case today. So, a recession may not be imminent in this late-cycle expansion.