USER ID  PASSWORD     For the best result, Microsoft Internet Explorer 5.0 / Netscape 4.7 or later recommended	September 07, 2010 A favorable report on retail sales suggested that real consumer spending in the fourth quarter will grow at an annual rate of 1.5 to 2.0 percent. This pace is moderate by historical standards, but it represents a marked improvement from the adjustment in late 2008 and early 2009. In addition, spending might have declined in Q4 because of payback for strong activity under the cash-for-clunkers program in the third quarter. Recent moderation in layoffs and improvement in balance sheets have allowed some consumers to take steps back toward normal spending behavior. Other sectors of the economy also have improved recently -- specifically, trade and inventory investment -- and the data in total are pointing to GDP growth in the neighborhood of 4.0 percent for the fourth quarter.   The data contained in the chart above and on this website were taken from statistical services, reports in our possession, and from other sources. The opinions and estimates expressed are our own, and we make no representations either as to the accuracy or as to the existence of other facts or interpretations that might be significant. The information herein was gathered from responsible sources but we cannot guarantee its accuracy or completeness.