by sslifer | Jul 26, 2024 | Consumer, NumberNomics Notes
July 26, 2024 The final estimate of consumer sentiment for July declined 1.8 points to 66.4 after having fallen 0.9 point in June as consumers worry that inflation might remain higher than expected for a protracted period. Surveys of Consumers Director Joanne Hsu...
by sslifer | Jul 26, 2024 | Consumer
July 26, 2024 Personal consumption expenditures rose 0.3% in June after gaining 0.4% in May and 0.2% in April. In the past year nominal spending has risen 5.2%. What we are really interested in is “real” or inflation-adjusted spending. That is what goes...
by sslifer | Jul 26, 2024 | Inflation, NumberNomics Notes
July 26, 2024 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. The...
by sslifer | Jul 25, 2024 | GDP, NumberNomics Notes
July 25, 2024 . The advance estimate of second quarter GDP growth was 2.8% compared to GDP growth of 1.4% in the first quarter. The second quarter reading was slightly higher than the consensus forecast of 2.5%. Final sales, which is GDP excluding the change in...
by sslifer | Jul 25, 2024 | GDP, NumberNomics Notes
July 25, 2024 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...
by sslifer | Jul 25, 2024 | GDP, NumberNomics Notes
July 25, 2024 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
Follow Me