U.S. consumers forecast more spending than a year ago -NY Fed
NEW YORK, Feb 19 (Reuters) - U.S. consumers expect to spend
more money in 2019 than they did a year ago, data from the
Federal Reserve Bank of New York showed on Tuesday.
Households expect larger increases in spending than they
forecast the year prior on items including clothing, housing and
transportation, data from the Survey of Consumer Expectations
conducted in December showed. People with a high school
education or less, in particular, drove the increase, the New
York Fed said.
The average expected growth in spending in 2019 rose to 2.8
percent from 2.3 percent the year prior, according to the
(Reporting by Trevor Hunnicutt
Editing by Chizu Nomiyama)
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