by sslifer | Apr 30, 2021 | Consumer, NumberNomics Notes
April 30, 2021 . The final estimate of consumer sentiment for April was 88.3 compared to the preliminary estimate of 86.5. Consumer sentiment in March was 84.9. Thus, consumer sentiment is continuing to climb but it remains well below the pre-recession 101 level for...
by sslifer | Apr 30, 2021 | Consumer
April 30, 2021 Personal consumption expenditures jumped 4.2% in March after having fallen 1.0% in February. The $1.400 tax refund checks bolstered consumer income and spending in March. Goods spending has already surpassed its January high, but spending on services...
by sslifer | Apr 27, 2021 | Consumer, NumberNomics Notes
April 27, 2021 . The Conference Board reported that consumer confidence jumped 12.7 points in April to 121.7 after rising 19.6 points in March. The slowdown in the rate of spread of the virus combined with a rapid pace of vaccine distribution, as well as the $1,200...
by sslifer | Jan 21, 2021 | Consumer, NumberNomics Notes
January 21, 2021 Consumer loans plunged at a 40% annual rate in April and another 23% in May (the purple bars) as the economy stopped dead in its tracks following the imposition of very restrictive measures to combat the spread of the corona virus Data from the...
by sslifer | Jan 13, 2021 | Consumer, NumberNomics Notes
January 13, 2021 Consumers debt service payments relative to income was essentially unchanged in the fourth quarter at a near-record low of 9.1% for a series that stretches back to 1980 — 41 years ago! The household debt service ratio is an estimate of the ratio...
by sslifer | Jan 13, 2021 | Consumer
January 13, 2021 .Consumer net worth rose $3.6 trillion in the third quarter. That works out to an annualized rate of increase of 12.8% which follows a 29.8% increase in the second quarter. Over the past year consumer net worth has increased 7.5%. The growth in net...
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