{"id":1004155980,"date":"2016-10-19T10:28:48","date_gmt":"2016-10-19T18:28:48","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004155980"},"modified":"2020-04-06T07:49:02","modified_gmt":"2020-04-06T15:49:02","slug":"consumer-spending-leading-economic-growth-says-moodys","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/consumer-spending-leading-economic-growth-says-moodys\/","title":{"rendered":"Consumer Spending Leading Economic Growth, Says Moody’s"},"content":{"rendered":"

By Paul Fiorilla, Associate Research Director, Yardi Matrix<\/p>\n

\"Source:<\/a>

Source: Moody’s Analytics<\/p><\/div>\n

U.S. consumers are likely to continue buying goods and services at a steady rate, though that may not be enough to save some struggling retailers, according to an analysis by Moody\u2019s Analytics<\/a>.<\/p>\n

Consumer spending in the U.S. has been growing by about 3 percent year-over-year, which is weak by historical standards when the country is not in a recession. However, the risks going forward are weighted to the upside, says Moody\u2019s Senior Director Scott Hoyt.<\/p>\n

\u201cConsumer spending is growing at a healthy pace and powerfully leading economic growth,\u201d Hoyt said. \u201cTightening labor markets and faster wage growth are among the factors that\u00a0will propel spending forward, allowing real growth to maintain its healthy pace and retail sales growth to gradually improve.\u201d<\/p>\n

There are a number of reasons that overall growth of consumer spending is likely to be strong going forward. Those include:<\/p>\n