by sslifer | Dec 20, 2024 | Consumer
December 20, 2024 Personal consumption expenditures rose 0.4% in November after rising 0.3% in October and 0.7% in September. In the past year nominal spending has risen 5.5%. What we are really interested in is “real” or inflation-adjusted spending. ...
by sslifer | Dec 6, 2024 | Consumer, NumberNomics Notes
December 6, 2024 The preliminary estimate of consumer sentiment for December rose 2.2 points to 74.0 which is its highest level since April. This is the fifth consecutive month that sentiment has risen. Surveys of Consumers Director Joanne Hsu said, “Consumer...
by sslifer | Nov 26, 2024 | Consumer, NumberNomics Notes
November 26, 2024 . The Conference Board reported that consumer confidence rose 2.1 points in November to 111.7 after jumping 10,4 points in October and falling 6.4 points in September. Chief Economist at the Conference Board, Dana Peterson, said “Consumer confidence...
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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