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首页> 外文期刊>US Industry Long-Term Outlook >Consumer spending and employment began turning around in May; energy investment in a deep hole
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Consumer spending and employment began turning around in May; energy investment in a deep hole

机译:消费支出和就业开始大约5月;

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Consumer markets: Consumer spending collapsed in the wake of COVID-19 as households were subject to restrictive measures on business activity. Retail sales fell 8.3% in March and nearly doubled that collapse with an additional 16.4% contraction in April. "Panic buying" that initially propped up spending on some "essential" items as groceries faded as consumers stayed at home for much of April. Most states began phased re-openings of their economies by mid-May. High-frequency data suggest certain activities curtailed by social distancing had begun recovering by May, several months earlier than we anticipated, perhaps aided in part by federal funds distributed to households. In response, we revised up our projection for third-quarter consumer spending growth from a 14.5% annual rate to 27.6%. Still, the recovery is likely to be gradual and nuanced. We do not expect real PCE to surpass its prior peak (in fourth quarter 2019) until late 2022.
机译:消费者市场:消费支出倒塌之后,COVID-19作为家庭的话题商业活动的限制性措施。和近3月零售销售下降8.3%翻了一倍,崩溃,一个额外的16.4%4月份收缩。最初支撑支出一些“基本”项目作为消费者呆在杂货褪色了4月的大部分时间。5月中旬重启经济。高频数据显示某些活动通过社会距离已经开始减少可能恢复,比我们几个月前预期的,可能促进联邦基金分配给家庭。第三季修正投影消费支出增长14.5%的年增长率到27.6%。逐渐和微妙。超过之前的峰值(2019年第四季度)直到2022年底。

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