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Rising consumer spending, exports and investment all helped.See article.
Though industrial production is rising, consumer confidence remains low.
So I wasn't much affected by rising consumer prices.
It would require rising consumer demand, which in turn would require more and better jobs.
The statistics showed that unemployment claims were rising, consumer spending was falling and confidence was plummeting.
And aggregate demand ultimately depends on long-term rising consumer income, not on short-term credit.
A first estimate had put growth at 3.5%, but failed to reckon for rising consumer spending.
A virtuous circle of falling unemployment and rising consumer spending looks possible.
The first months of the new administration were marked by rapidly rising consumer prices.
Consistent job gains and rising consumer confidence may also support sales in the coming months.
But in the last few weeks, expectations rose on strong jobs reports and rising consumer confidence.
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