The burst in demand for durable goods in the U.S. has begun to subside
Genevieve Signoret
30 May 2022
(Hay una versión en español de este artículo aquí.)
The following is an excerpt from Quarterly Outlook. Click here to read the full report.
During Covid, the United States had experienced an unprecedented burst of demand for durable goods. It has begun to subside, as consumers respond to high goods prices and start transitioning back to their pre-Covid lifestyles.
The Covid-driven burst of U.S. consumer demand for durable goods is fading in response to prices and post-Covid transitioning
USA: Personal consumption expenditures (PCE) on durables (chained 2012 dollars, seasonally adjusted)
Source: Bloomberg, TransEconomics.
Research assistance by Estefanía Villeda. Editing by Andrés Aranda.
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