by sslifer | Oct 31, 2024 | Consumer
October 31, 2024 Personal consumption expenditures rose 0.5% in September after gaining 0.3% in August and 0.6% in July. In the past year nominal spending has risen 5.3%. What we are really interested in is “real” or inflation-adjusted spending. That is...
by sslifer | Oct 29, 2024 | Consumer, NumberNomics Notes
October 29, 2024 The final estimate of consumer sentiment for October rose 0.4 point to 70.5 after climbing 2.2 points in September. Consumer sentiment has risen somewhat, but they continue to worry that inflation might remain higher than expected for a protracted...
by sslifer | Oct 29, 2024 | Consumer, NumberNomics Notes
October 29, 2024 . The Conference Board reported that consumer confidence rose 9.5 points in October to 108.7 after falling 6.4 points in September. Chief Economist at the Conference Board, Dana Peterson, said “Consumer confidence recorded the strongest monthly gain...
by sslifer | Apr 4, 2024 | Consumer
April 4, 2024 .Consumer net worth jumped 12.8% in the fourth quarter of last year. after declining 3.7% in the third quarter Over the past year consumer net worth has increased 8.0%. The growth in net worth reflects both the steady increase in stock prices during the...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 Consumers debt service payments relative to income rose somewhat in the fourth quarter to 9.8%, .Consumer debt in relation to income is slightly higher than it was a couple of quarters ago as the result of a rapid increase in credit card debt. But the...
by sslifer | Apr 4, 2024 | Consumer, NumberNomics Notes
April 4, 2024 The economy has been chugging along at about a 2.5% pace. Consumer loans growth in the past year has been climbing at a roughly comparable 2.9% pace. Nothing too surprising with the extent of consumer borrowing from banks. Rather than borrowing from a...
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