FX.co ★ US Real Consumer Spending Rises to 3.3% in Fourth Quarter 2023

In the latest economic update from the United States, real consumer spending saw a notable increase in the fourth quarter of 2023. According to data updated on March 28, 2024, the previous indicator had stagnated at 3% in the same quarter before climbing to 3.3%. This rise in consumer spending suggests a growing confidence among Americans in the economy, translating into increased purchases of goods and services. The uptick in real consumer spending could have positive implications for the overall economic growth and stability of the country as consumer spending plays a significant role in driving economic activity. As the US continues to navigate through various economic challenges, this boost in consumer spending comes as a welcome development that could potentially spur further growth in the upcoming quarters.