2016: The Year of the Consumer

U.S. consumers reaped a huge windfall from the decline in oil prices in 2015—and they spent it. Real (inflation-adjusted) retail sales increased 4.8% in 2015, the fastest pace since 1999. Expect more acceleration in 2016 with oil prices remaining low. Cushman & Wakefield forecasts the average price of oil in 2016 will be $41.00/barrel, down from $49.00 in 2015. Continuing low oil prices
will put more money in consumers’ pockets, and so we expect faster spending growth.  Download the report >>

Click to Listen

Ken McCarthy, Principal Economist and co-author, was interviewed by Bloomberg Radio on April 6, 2016 about the report. Click here to view the interview>>