by sslifer | May 30, 2025 | Consumer, NumberNomics Notes
May 30, 2025 The final estimate of consumer sentiment for May was unchanged at 52.2. The preliminary reading was for a drop of 1.4 points to 50.8. Sentiment declined 4.8 points in April. The May level is the lowest since June 2022. Surveys of Consumers Director...
by sslifer | May 30, 2025 | Consumer
May30, 2025 Personal consumption expenditures rose 0.2% in April following an increase of 0.7% in March.. In the past year nominal spending has risen 5.4% What we are really interested in is “real” or inflation-adjusted spending. That is what goes into...
by sslifer | May 29, 2025 | Housing, NumberNomics Notes
May 29, 2025 Pending home sales declined 6.3% in April to 71.3 after having jumped 5.5% in March, The National Association of Realtors chief economist, Lawrence Yun said, “At this critical stage of the housing market, it is all about mortgage rates. Despite an...
by sslifer | May 29, 2025 | GDP, NumberNomics Notes
May 29, 2025 . The preliminary estimate of first quarter GDP was -0.2% compared to the advance estimate of -0.3%. That compares to the final estimate of fourth quarter GDP of 2.5%. Growth in the past year has been 2.1%. That first quarter decline was seriously...
by sslifer | May 29, 2025 | GDP, NumberNomics Notes
May 29, 2025 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
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