Consumer Sentiment

December 6, 2019 The preliminary estimate  of consumer sentiment for December came in at 99.2 versus a November reading of 96.8.  While volatile on a month-to-month basis consumer sentiment remains at a lofty level.  The peak for the cycle was 101.4 in March of last...

Personal Income and Consumption Expenditures — Monthly

November 27, 2019 Personal consumption expenditures rose 0.3% in October after having risen 0.2% in September.  Over the course of the past year consumer spending has risen 3.7%.  What we are really interested in is consumption spending in real terms (i.e., after...

Consumer Confidence

November 26, 2019 The Conference Board reported that consumer confidence for November fell 0.6 point to 125.5 after having fallen 0.2 point in October.  The naysayers point out that this is the fourth decline in a row which suggests that 2019 will go out on a weak...

Consumer Debt Service Ratio

September 4, 2019 Consumers debt service payments relative to their income were unchanged in the first quarter at 9.9%.  This debt service ratio peaked at 13.2% of income in the fourth quarter of 2007, and it fell rapidly for the next give years and eventually dipped...

Consumer Net Worth

September 4, 2019             Consumer net worth jumped $4.7 trillion in the first quarter.  That works out to an annualized rate of increase of 18.0%, but that follows a 14.7% decline in the fourth quarter as stock prices collapsed late...

Consumer Loans

September 4, 2019 Consumer loans rose 7.0% in July after having risen 4.3% in June (the purple bars).  Over the course of the past year consumer loans have climbed by 5.3% (in red). Led by a pickup in both consumer lending activity and more rapid growth in commercial...