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.

Share of World GDP

Share of World GDP U.S. consumption alone accounts for around 17% of word GDP, a larger share than the entire Chinese economy. Image: Deutsche Bank Global Research

U.S. Real Retail Sales and Recession

U.S. Real Retail Sales and Recession In October, U.S. real retail sales decreased to 1.3% YoY, 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.