According to proprietary data collected from Bank of America Merrill Lynch’s customers, consumer spending continued to support the US economy during September. According to the bank retail sales, ex-autos increased 0.4% month-on-month seasonally adjusted in September. Year-on-year retail sales ex-autos are 1.9% according to Bank of America aggregated card data, in line with the Census Bureau data. Beyond retail sales ex-autos, spending is up 4% year-on-year including overall services spending and auto unit sales. GS: Will Consumer Spending Ever Recover? U.S. Consumer Spending – Can They Continue To Hold Up The World? Durable Goods Orders, Consumer Spending Both Bright Areas Among…
Casual Dining Consumer Spending Continues To Collapse In September
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