AI Data Insight
Within U.S. Personal Consumption Expenditures (PCE) for 2025, the contribution of the "Goods" category to GDP growth reached 0.68%, outperforming the 0.52% in 2024 and marking the third consecutive year of recovery since bottoming out in 2022. Despite impressive full-year data, goods consumption in the fourth quarter showed signs of weakness (-0.1%), indicating that the momentum of "front-loaded consumption" driven by tariff expectations is gradually fading, with 2026 likely facing the dual challenges of a high base effect and slowing purchasing power.