Subject: Re: Shazamm,, "hottest country" indeed
From the link:
Consumer spending rose at a 2.5% pace, up from 0.6% in the first quarter and well above the 1.6% the government previously estimated. Spending on services advanced at a 2.6% annual pace, more than double the government's previous estimate of 1.2%.
Is that because consumers are buying more or because what consumers are buying is costing more?