Global Consumption by Region

Global Consumption by Region Chart suggesting that developing economies will dominate global consumption. Picture source: 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. Picture source: 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. Picture source: 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.” Picture source: 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.

U.S. Real Retail Sales and Recession

U.S. Real Retail Sales and Recession In September, U.S. real retail sales dropped, but the trend remains up. About 70% of U.S. GDP is personal consumption. In the past, real retail sales trended sideways before the recession began.

U.S. Retail Sales and Food Services vs. Fair Value Model

U.S. Retail Sales and Food Services vs. Fair Value Model After disappointing U.S. retail sales in September, this chart provides a good forward guide for U.S. consumer spending. The Fair Value Model leads consumption and includes: ASA Staffing Index (temps), spread between good unemployment (job leavers) and bad unemployment (job losers), and forward-looking income expectations.…

China GDP Growth

China GDP Growth China GDP growth is expected to continue to decline significantly in the coming years, with consumption becoming the main driver of growth. Picture source: Danske Bank

U.S. Real GDP and Components of GDP

U.S. Real GDP and Components of GDP In Q2 2019, U.S. GDP was 68% personal consumption. Picture source: J.P. Morgan Asset Management