Finance.yahoo.com
0
All posts from Finance.yahoo.com
Finance.yahoo.com in Finance.yahoo.com,

US Consumer Spending at $91 per Day in June, XLY Down 0.34%

Inflation, the Dollar, Commodity Prices: What Do They Indicate?

Consumer spending is critical to headline growth in the US

In the United States (SPY)(IVV), household spending represents about 68% of the gross domestic product (or GDP). In comparison, household spending represents 34% of the GDP in China (FXI), 56% in Germany (EWG), 60% in India (EPI), and 52% in Russia (RSX). So consumer spending is critical to headline growth in the United States.

On August 3, the Gallup consumer spending report couldn’t buffer the fall in the SPDR S&P 500 ETF (SPY). SPY fell to $209.79, and the Consumer...

More