What if the US economy (and consumption) were not as robust as most think?

US mall

A&G Banca | With a exports still in contraction, although perhaps less than a few months ago, it is the American consumer who has sustained the global cycle.

US consumption is facing headwinds for the following five reasons: (i) Americans will have 6 days less for purchases between Thanksgiving and Christmas this year, (ii) the annual comparison is the most difficult since 2013, (iii) levels of inventories are very high, (iv) the weather has not accompanied winter sales and (v) the sector is very exposed to tariffs which pressures margins.


About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.