The revelation last week that spending in January was much weaker than initially thought, coupled with the modest increase in February, means that real consumption growth probably slowed to around 2.0% annualised in the first quarter, from 2.4% in the final quarter of last year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services