February 2016 Economic Indicators
Melanie Garza - Director of Strategy & Growth
Capital Spending Expected to Grow in 2016
The Conference Board laid out predictions for 2016 in several key indicators. The Board is predicting that U.S. real GDP will maintain the path it followed in previous years with marginal growth rates of 2.3% to 2.5% with an annual growth rate of 2.1%.
Consumer spending is expected to fall and post gains measuring between 2.3% and 2.5% in 2016. In 2015, consumer spending rose 3.1%, and in 2014, it was 2.7%.
On a positive note, the Board anticipates moderate growth in 2016, with capital spending to rise 3.8% in Q1, 4.3% in Q2 and 4.0% in quarters 3 and 4. Capital spending in 2015 showed a 3.1% growth rate and a 6.2% growth rate in 2014.
Questions or comments? Please contact Melanie Garza at mgarza@teamCOACT.com.