Consumer Spending
According to the latest data form the U.S. Bureau of Economic Analysis, consumer spending in the United States reached an all-time high, increasing from $15,967.30 billion in the second quarter of 2024 to $16,106.40 billion in the third quarter of 2024. Personal savings as a percentage of disposable income was 4.6%.
Industrial Production
Industrial production refers to the output of industrial establishments and covers sectors such as mining, manufacturing, electricity, air-conditioning, etc. The calculation for productivity is output by a company divided by the units used to generate that output. The latest report showed industrial production in the US dropped .3% from the previous month, which was more than the projected .2% decrease.
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