Fannie Mae: Consumer spending growth to pick up in Q2

. Group expects economic activity to pick up in the second quarter of this year, bolstered by increases in the housing sector, consumer spending, and business investment. fannie mae expects economic.

Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter. And while economic growth slowed in consumer spending, housing remained solid throughout the quarter.

Encouraging Signs from Consumer Spending and Housing Activity in Early Q2 Now Tempered by Labor Market Slowdown Katie Penote 202-752-2261. WASHINGTON, DC – Fannie Mae’s (FNMA/OTC) Economic & Strategic Research (ESR) Group’s full-year economic growth forecast remains unchanged in June from the prior forecast of 1.7 percent.

Fannie Mae may. unspectacular economic growth. ALSO READ: The Largest Employer in Each State Fannie Mae’s Economic & Strategic Research Group’s February 2016 Economic and Housing Outlook forecast a.

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FANNIE MAE ADDRESSES THE GOVERNMENT SHUTDOWN ! gain in May consumer spending, combined with an upward revision that pushed April’s increase to the biggest since August 2009, points to a pickup in real consumer spending growth in the second quarter to more than 4.0 percent annualized from the lackluster pace of 1.5 percent in the first quarter. The price index tied to consumer spending, the

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Soft economic growth in Q4 to this point has done nothing to change Fannie Mae’s forecast for economic growth. with the ESR Group’s prior forecasts. Real consumer spending is expected to pick up in.

Despite the slowdown in economic growth in the first quarter, Fannie Mae remained unchanged in its economic growth forecast, saying consumer spending is set to pick up in the second quarter. And while economic growth slowed in consumer spending, housing remained solid throughout the quarter.

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The GSE’s May Economic and Housing Outlook report, released Tuesday, stated that Fannie Mae expects the national GDP in Q2 to grow by almost 3 percent, and the year overall to grow 2 percent.

Fannie Mae: Q2 rebound likely to follow Q1 slowdown.. incoming data suggest that consumer spending growth will pick up this quarter. Meanwhile, according to the ESR Group, businesses will likely increase production in an effort to rebuild inventories, turning inventory investment into a.

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