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But that period has grown after recent downturns, perhaps because fewer people are losing jobs in manufacturing, where layoffs are likely to be reversed as consumption picks up.
In past years, OPEC has reduced its output during the second quarter, after the end of the surge in winter demand and before consumption picks up again for the summer, when demand for gasoline is at its highest.
Personal consumption picks up and the economy begins to recover.
The current account improvement is a function of a drop in imports rather than a growth in exports, which implies strongly that the move is only cyclical and not structural, so if consumption picks up, the U.S. will be back in the same boat if not worse.
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There's a lot of talk about domestic consumption picking up" for Asia.
Power consumption picked up and increased from 2083 GWh in 1985 to about 4780 GWh in 1990 (see Fig. 1).
The country still registers high consumption rates relative to its neighbours, and the impact of the 2002 2007 campaign is fading, with consumption picking up again especially among the elderly [ 23, 24].
Beef consumption has picked up in Europe and in Canada after initially dropping with the discovery of mad cow disease.
"It is difficult to expect that consumption will pick up the slack when capital spending falters," said Haruhito Arai, a cabinet office official.
The government hopes that private consumption will pick up as households recover from excessive credit-card debts.Labour issues and foreign policy will remain dicey.
Now, as exports dry up amid a worldwide collapse in demand, Japan's economy is in free-fall because it cannot rely on domestic consumption to pick up the slack.
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