by sslifer | Jun 30, 2020 | Consumer, NumberNomics Notes
June 30, 2020 . The Conference Board reported that consumer confidence climbed 12.2 points in May to 98.1 after having edged upwards by 0.2 point in May, However this index fell 31.9 points in April and 13.8 points in March. Both declines were triggered by the the...
by sslifer | Jun 26, 2020 | Consumer, NumberNomics Notes
June 26, 2020 The final estimate of consumer sentiment for June was 78.1 compared to the preliminary estimate of 78.9 after having risen 0.5 point in May and having plunged by 17.3 points in April and 11.9 points in March. Surveys of Consumers Chief Economist Richard...
by sslifer | Jun 26, 2020 | Consumer
June 26, 2020 Personal consumption expenditures rose 8.2% in May after having plunged by 12.6% in April after having dropped by 6.6% in March. What we are really interested in is consumption spending in real terms (i.e., after adjustment for inflation) because...
by sslifer | May 6, 2020 | Consumer, NumberNomics Notes
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...
by sslifer | Mar 20, 2020 | Consumer, NumberNomics Notes
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...
by sslifer | Mar 4, 2020 | Consumer
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...
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