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With unemployment falling and wages expected to rise, consumption is at last starting to pick up.
What the states and counties apparently didn't account for is the simple truth that taxes are a price, and when they rise, consumption frequently shifts to where prices are lower.
But, over the longer term, as incomes rise, consumption will increase leading, ultimately, to higher profits.
Similar(53)
The rest is supplied by rising consumption.
As price rises, consumption comes down - and so does harm.
That explains the rosy outlook of shoppers and rising consumption.
Our recovery to date has been focussed on rising consumption underpinned by rising household borrowing.
WHILE bacon consumption in restaurants is rising, consumption in American homes is still dropping.
Supply growth has begun to outstrip rising consumption for some commodities (see chart 2).
In part, the country's garbage crisis is a tale of rising consumption.
There is also rising consumption around the world "as the global economy starts to come out of recession".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com