UPS Market Vision Retail - Page 10

US Economy:

What's New?

GDP growth in Q2 was finalized at 2.2% which was essentially unchanged.

Hurricane Harvey affected manufacturing and energy production.

Wage growth stalled despite tight labor conditions but low inflation helps consumers.

Retail slipped in August, with hurricane activity causing clear distortions spending patterns.

Solid growth during the holiday season with e-commerce continuing to gain significant share of spending.