AI Data Insight
In the fourth quarter of 2025, the year-over-year growth rate of US real personal consumption expenditures (goods) reached 3.2%, a significant increase from 2.4% in the same period of 2024. Although overall economic growth has slowed down and faces inflationary pressures, strong demand during the year-end holidays still supported overall performance. However, the market has also observed hidden concerns of a divergence in consumption momentum between high- and low-income groups.