US Consumer Spending Expected to Rebound Weekly Economic Update 4-20-15

Kenneth McCarthy

VP, America Head of Applied Research

Phone +1 212 698-2502

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The consumer is the most important contributor to the U.S. economy, accounting for approximately 68% of GDP.

In the first quarter of 2015 severe winter weather caused consumer spending to slow.

However, high confidence, rising incomes and low oil prices are expected to lead to stronger consumer spending in the second quarter and beyond.