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
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
U.S. House Prices Lead Real Personal Consumption Expenditure (PCE) Interesting chart suggesting that U.S. house prices lead real personal consumption expenditure by 6 months. Image: Oxford Economics, Macrobond
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 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? 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 stand at -0.22% YoY. About 70% of U.S. GDP is personal consumption. In the past, U.S. real retail sales trended sideways before the recession began.
U.S. Household Equity Ownership vs. S&P 500 Index U.S. households have never been this heavily invested in stocks. The higher the concentration, the greater the risk that a market pullback hits both confidence and consumption, reversing wealth effects. Image: Real Investment Advice
The Link To Oil Oil consumption is deeply embedded in nearly every facet of modern life, from the food we eat to the products and services we purchase. This widespread use makes oil demand a strong indicator of economic strength or weakness. Image: Real Investment Advice
Contributions to Annualized U.S. PCE Growth The U.S. stock market’s recent underperformance is expected to reduce the wealth effect, turning it from a boost to a drag on consumption and increasing the risk of a broader economic slowdown as consumer spending weakens. Image: Goldman Sachs Global Investment Research
U.S. Personal Saving Rate Since 1959 Precautionary saving could weigh down on consumption. Image: Deutsche Bank
Share of Energy from Renewable Sources In the United States, renewable energy sources account for about 11% of total energy consumption. Image: Deutsche Bank Global Research