by sslifer | Sep 17, 2021 | Consumer, NumberNomics Notes
September 17, 2021 . The preliminary estimate of consumer sentiment for September rose 0.7 point to 71.0 after having plunged to 11.5 points in August. Thus, sentiment remains below the lowest level for the pandemic which was 71.8 in April of last year. But such a...
by sslifer | Aug 31, 2021 | Consumer, NumberNomics Notes
August 31, 2021 . The Conference Board reported that consumer confidence fell 11.3 points in August to 113.8 after having declined 3.8 points in July to 129. This decline mirrors the drop reported earlier by the University of Michigan sentiment data. Senior Director...
by sslifer | Aug 27, 2021 | Consumer
August 27, 2021 Personal consumption expenditures rose 0.3% in July after climbing 1.1% in June. After adjusting for inflation real consumption spending fell 0.1% in July after having risen 0.5% in June. Inflation is eating away at the nominal increase Our guess is...
by sslifer | Aug 17, 2021 | Consumer, NumberNomics Notes
August 17, 2021 Consumer loans plunged in April and May (the blue bars) as the economy stopped dead in its tracks following the imposition of very restrictive measures to combat the spread of the corona virus. At the same time the federal government passed $2.5...
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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