by sslifer | Feb 26, 2021 | Consumer, NumberNomics Notes
February 26, 2021 . The final estimate for February was 76.8 compared to a preliminary estimate of 76.9. Thus, consumer sentiment for February fell 2.2 points. Consumer sentiment has been flopping around in a narrow range for the past several months. It remains...
by sslifer | Feb 26, 2021 | Consumer
February 26, 2021 Personal consumption expenditures jumped 2.4% in January after having fallen 0.4% in December. The $600 tax refund checks bolstered consumer income in January but much of that remains unspent as evidenced by the jump in the savings rate to 20.5%. ...
by sslifer | Feb 23, 2021 | Consumer, NumberNomics Notes
February 23, 2021 . The Conference Board reported that consumer confidence rose 2.4 points in February after rising 1.8 points in January. Confidence has been bouncing around in recent months and remains well below its pre-recession level. Senior Director of Economic...
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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