As noted earlier this morning, today’s consumer spending data slightly missed expectations, with expenditures rising 0.2% in September vs. 0.4% expected. However, Mark Perry at Carpe Diem puts the latest figure in historical perspective — real consumer spending has now made a full recovery to its pre-crisis level, with expenditures in real terms hitting $9.349 billion in September:
(Chart via Carpe Diem)
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