Consumer Confidence

March 31, 2020 . The Conference Board reported that consumer confidence for March fell 12.6 points to 120.0 after having risen 2.2 points in February.   Confidence plunged in March as the corona virus continued to spread and as policy makers introduced drastic...

Consumer Sentiment

March 27, 2020 The final estimate of consumer sentiment for March came in at 89,1 compared to a preliminary estimate of 95.9,  Given that the original reading was based on survey responses received in the first half of the month, it implies that responses in the...

Personal Income and Consumption Expenditures — Monthly

March 27,  2020 Personal consumption expenditures rose 0.2% in both January and February.  Over the course of the past year consumer spending has risen 4.9%.  What we are really interested in is consumption spending in real terms (i.e., after adjustment for inflation)...

Consumer Debt Service Ratio

January 20, 2020 Consumers debt service payments relative to income was unchanged in the third 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 the ratio of...

Consumer Loans

January 21, 2020 Consumer loans rose 6.4% in December after having risen 3.8% in November (the purple bars).  Over the course of the past year consumer loans have climbed by 6.0% (in red). Led by a pickup in both consumer and mortgage ending activity, total loan...

Consumer Net Worth

December 4, 2019 Consumer net worth rose $0.6 trillion in the third quarter.  That works out to an annualized rate of increase of 2.0%, but that follows a 6.7% increase in the third quarter.  Over the past year consumer net worth has increased 3.4%.  However, stock...