globaleconomicanalysis.blogspot.com / By Mike “Mish” Shedlock / December 09, 2012 11:53 AM
With the generally upbeat spending reports on black Friday and cyber-Monday, Gallup paints a different point of view in its most recent poll that shows U.S. Consumer Spending Holds Steady, Consistent With 2011
Americans’ self-reported daily spending averaged $73 in November, essentially on par with September and October. It is also similar to the $71 Americans spent last November and slightly higher compared with November 2010 and 2009 — but still much lower than in November 2008.
November 2012 vs. November Prior Years