The “Harsh Weather” Verdict: 19% Spent Less, 27% Spent More, 55% Spent The Same

With Goldman proclaiming that half the recent downturn in US macro data is due to “weather” and the rest of the hockey-sticking sell-side extrapolators fully entrenched on the Spring-will-save-us-all bandwagon (despite the manifold examples of the worst macro data misses being from regions that simply were unaffected by the winter storms), we thought the following chart would be of interest.

RBC finds only a mere 19% of those surveyed “spent less” due to the weather – and 27% spent more!