| Our November 2023 report looks at how consumer spending is fueling the economy, including a look at consumer-oriented stocks. | | | Consumer Spending is Driving the Economy's Growth | | | | | The U.S. economy expanded at a 4.9% annual rate in the third quarter, according to the latest estimate from the Bureau of Economic Analysis. While many predicted a recession later this year, Q3 indicates quite the opposite. These results were also boosted by increases in private inventory investment, government spending, and exports. On the negative side, business spending fell off slightly, and commercial and industrial lending declined. But the real driver powering the U.S. economic expansion was the U.S. consumer. A strong jobs market and rising wages continue to fuel Americans' ability to spend. In our free November 2023 Zacks Market Strategy Report 1, we look at the strength of the American consumer, including how older Americans are also significantly contributing to strong spending data, evaluating Consumer Discretionary and Consumer Staples stocks, and much more. Get your report now to read these stories: | | | - It's All About the U.S. Consumer
- How to Evaluate Consumer-Oriented Stocks
- Corporate Earnings Flip to Positive, But Estimates Come Under Pressure
- Bottom Line for Investors
If you have $500,000 or more to invest, request this report today. | | | | |  Talk to a Zacks Wealth Advisor today.  | |  |
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