Consumer Sentiment

July 16 2021 . The preliminary estimate of consumer sentiment for July fell 4.7 points to 80.8 after rising rose 2.6 points in June. Surveys of Consumers Chief Economist Richard Curtin said, “Consumers’ complaints about rising prices on homes, vehicles, and...

Consumer Confidence

June 29, 2021 . The Conference Board reported that consumer confidence rose 7.3 points in June to 127.3 after having climbed 2.5 points in May.  In fact, this is the sixth consecutive month of rising confidence..  The slowdown in the rate of spread of the virus...

Personal Income and Consumption Expenditures — Monthly

June 25, 2021 Personal consumption expenditures were unchanged in May, but the April and May data were revised upwards.  PCE rose a revised 0.9% in April ( vs. 0.5%) and 5.0% in March (vs.4.7%).  The $1.400 tax refund checks bolstered consumer income and spending in...

Consumer Loans

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...

Consumer Debt Service Ratio

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...

Consumer Net Worth

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...