Consumer Sentiment

February 14, 2020 The final estimate of consumer sentiment for February rose 1.1 points to 100.9, just missing the peak level for the cycle which was 101.4 in March of 2018. Surveys of Consumers Chief Economist Richard Curtin said, “Net gains in household income...

Personal Income and Consumption Expenditures — Monthly

January 31, 2020 Personal consumption expenditures rose 0.3% in December after having risen 0.4% in November.  Over the course of the past year consumer spending has risen 5.0%.  What we are really interested in is consumption spending in real terms (i.e., after...

Consumer Confidence

January 28, 2020 The Conference Board reported that consumer confidence for January jumped 5.1 points to 131.6 after having declined 0.3 point in December.  This series has been bouncing around between 125 and 130 since the beginning of last year.   This series...

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...