Consumer Sentiment

May 15, 2020 The preliminary estimate of consumer sentiment for May rose 1.9 points to 73.7 after having plunged by 17.3 points in April and 11.9 points in March. The current conditions index rose 8.7 points from 74.3 to 83.0..  The expectations component dropped 2.4...

Consumer Loans

May 6, 2020 Consumer loans plunged at a 52% annual rate in April (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 Financial Protection...

Personal Income and Consumption Expenditures — Monthly

April 30,  2020 Personal consumption expenditures plunged by 7.5% in March.     What we are really interested in is consumption spending in real terms (i.e., after adjustment for inflation) because that is what goes into GDP (shown above).    On that basis consumption...

Consumer Confidence

April 28, 2020 . The Conference Board reported that consumer confidence for April fell 31.9 points to 86.9 after having declined 13.8 points in March.   Both declines were triggered by the the drastic measures imposed to halt the spread of the virus.  Those...

Consumer Debt Service Ratio

March 20, 2020 Consumers debt service payments relative to income was essentially unchanged in the fourth quarter at 9.7% which is the lowest on record for a series that stretches back to 1980 — 38 years ago! The household debt service ratio is an estimate of...

Consumer Net Worth

March 4, 2020 Consumer net worth rose $32 trillion in the fourth quarter.  That works out to an annualized rate of increase of 10.9% which follows a 2.8% increase in the third quarter.  Over the past year consumer net worth has increased 10.4%. The growth in net worth...