Fannie Mae: Consumer spending growth to pick up in Q2

The Fannie Mae Economic and Strategic Research Group again revised upward its full-year 2018 economic growth forecast to 3.0% – from 2.8% in the prior forecast – on expectations that third and.

Fannie Mae now sees U.S. economic growth at 3.0% this year, up from its prior view of 2.8% on the premise that inventory restocking will more than make up for slowing consumer spending growth.

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WASHINGTON, Nov. 20, 2018 /PRNewswire/ — The Fannie Mae Economic. While consumer spending growth is expected to moderate from the robust second and third quarters, both business fixed investment.

However, even with slowing job growth, global and domestic economic uncertainty, and a decline in consumer spending. Fannie Mae chief economist Doug Duncan pointed out that while July’s positive.

real consumer spending growth likely tripled the 0.9 percent annualized pace in the first quarter, helping to drive economic growth to more than double the first quarter’s 2.0 percent rate. separately, a pickup in June industrial production also

Here’s what Fannie Mae’s latest report revealed.. down to 3.5 percent from 4.2 percent between Q2 and Q3 2018. Going forward, fannie mae expects growth to. While consumer spending growth.

Economists expect faster second quarter economic growth in the United States, after a sluggish first quarter. According to Fannie Mae’s Economic & Strategic Research Group, Q2 2014 will see increased government spending and less of a drag from a slowdown in inventory stockpiling.

July 17, 2018. 2018 Growth Outlook Upgraded on Q2 growth spike matthew Classick 202-752-3662. WASHINGTON, DC – Economic growth is estimated to have picked up strongly in the second quarter despite rising trade tensions, ultimately resulting in full-year real GDP growth of 2.8 percent, a slight upgrade from last month’s forecast, according to the Fannie Mae Economic and Strategic Research.

New Fannie Mae Debt to Income Regulations This week offered the first look at 80second quarter real GDP growth, which picked up to 2.6 percent annualized, a touch lower than our expectation of 2.7 percent in the July forecast. Inventory investment, which subtracted 1.5 percentage points from first quarter growth, was neutral, and a strong increase in consumer spending along with a.

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Fannie Mae expects real consumer spending growth to pick up by two-tenths of a point in both 2018 and 2019, to 2.7 percent and 2.5 percent, respectively. The saving rate, which dipped three-tenths in.