U.S. consumers forecast more spending than a year ago: NY Fed
Reuters
Published Feb 19, 2019 11:04AM ET
U.S. consumers forecast more spending than a year ago: NY Fed
NEW YORK (Reuters) - U.S. consumers expect to spend more money in 2019 than they did a year ago, data from the Federal Reserve Bank of New York showed on Tuesday.
Households expect larger increases in spending than they forecast the year prior on items including clothing, housing and transportation, data from the Survey of Consumer Expectations conducted in December showed. People with a high school education or less, in particular, drove the increase, the New York Fed said.
The average expected growth in spending in 2019 rose to 2.8 percent from 2.3 percent the year prior, according to the survey.
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Written By: Reuters
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