by sslifer | Feb 26, 2021 | Consumer, NumberNomics Notes
February 26, 2021 . The final estimate for February was 76.8 compared to a preliminary estimate of 76.9. Thus, consumer sentiment for February fell 2.2 points. Consumer sentiment has been flopping around in a narrow range for the past several months. It remains...
by sslifer | Feb 26, 2021 | Consumer
February 26, 2021 Personal consumption expenditures jumped 2.4% in January after having fallen 0.4% in December. The $600 tax refund checks bolstered consumer income in January but much of that remains unspent as evidenced by the jump in the savings rate to 20.5%. ...
by sslifer | Feb 26, 2021 | Inflation, NumberNomics Notes
February 26, 2021 There are many different measures of inflation, but the one that the Federal Reserve considers to be most important is the personal consumption expenditures deflator, in particular the PCE deflator excluding the volatile food and energy components....
by sslifer | Feb 25, 2021 | Housing, NumberNomics Notes
February 25, 2021 Pending home sales declined 2.8% in January to 122.8 after rising 0.5% in December. Following the March/April recession, home sales have surged but have edged lower in the past several months. Lawrence Yun, the Chief Economist for the National...
by sslifer | Feb 25, 2021 | Industrial Production, NumberNomics Notes
February 25, 2021 Durable goods orders jumped 3.4% in January after having risen 1.2% in December and 1.3% in November. Orders have risen for nine consecutive months. The manufacturing sector is bouncing back and orders are now higher than they were prior to the...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 The revised estimate of fourth quarter GDP growth came in at 4.1% compared to a preliminary estimate of 4.0%. That compares to a 31.4% decline in the second quarter followed by 33.4% growth in the quarter . Both swings in those two earlier quarters...
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