Bank of America report shows West consumer spending growth tops 4%

9 articles · Updated · KOMO News · May 5

The Midwest was just under 4%, the Northeast about 3% and the South around 2.5%, while the West had the smallest gap between higher- and lower-income spending growth.
Economist Joe Wadford said easing rents in western Sun Belt cities, smaller energy-price increases and positive small-business hiring in California are supporting broader spending and hinting at a labour-market recovery.
Bank of America said consumer spending makes up about 70% of the economy, but warned Pacific West job growth is concentrated in education and health services and needs to broaden.

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