The News Radar

Timely links to external news and articles, usually valuation related, with occasional commentary.


Originally posted Wednesday, 29 June 2022
US Personal Spending Is Revised Sharply Lower in First-Quarter Data

US consumer spending expanded in the first quarter at the softest pace of the pandemic recovery, marking a surprise sharp downward revision that suggests an economy on weaker footing than previously thought. Outlays on goods and services rose an annualized 1.8%, compared with a 3.1% pace in the previous estimate, according to Commerce Department data out Wednesday.