by sslifer | May 30, 2023 | Consumer, NumberNomics Notes
May 30, 2023 . The Conference Board reported that consumer confidence fell 1.4 points in May to 102.3 after declining 0.5 point in April. Senior Director of Economic Indicators at the Conference Board, Ataman Ozyildirum, said, “Consumer confidence declined in May as...
by sslifer | May 26, 2023 | Consumer, NumberNomics Notes
May 26 , 2023 The final estimate of consumer sentiment for May fell 4.3 points to 59.2 after rising 1.5 points in April. The June 2022 level of 50.0 was the lowest on record and roughly comparable to the low levels reached in the 1980 recession. Surveys of Consumers...
by sslifer | May 26, 2023 | Consumer
May 26, 2023 Personal consumption expenditures jumped 0.8% in April after having risen 0.1% in March. The consumer is still willing to spend despite worries about inflation and the pace of Fed tightening. What we are really interested in is “real” or...
by sslifer | Feb 15, 2022 | Consumer
February 15, 2022 .Consumer net worth rose $2.4 trillion in the third quarter. That works out to an annualized rate of increase of 6.6% which follows an 18.0% increase in the second quarter. Over the past year consumer net worth has increased 17.7%. The growth in...
by sslifer | Feb 15, 2022 | Consumer, NumberNomics Notes
February 15, 2022 Consumers debt service payments relative to income rose somewhat in the third quarter to 9.2%, This series set a record low of 8.4% in the first quarter of last year, This series stretches back to 1980 — 41 years ago! Consumer debt in...
by sslifer | Feb 10, 2022 | Consumer, NumberNomics Notes
February 10, 2022 Consumer loans plunged in April and May of 2020 (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...
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