Consumer Sentiment

July 31, 2020 The final estimate of consumer sentiment for July fell 5.6 points in July 72.5.  That compares to an initial reading of  73.2.  Thus, sentiment appears to have declined somewhat in the second half of the month as the more rapid pace of spread of the...

Personal Income and Consumption Expenditures — Monthly

July 31,  2020 Personal consumption expenditures rose 5.6% in June after having risen 8.5% in May after having plunged by 12.9% in April after having dropped by 6.7% in March.     What we are really interested in is consumption spending in real terms (i.e., after...

Gross Domestic Purchases Deflator

July 30, 2020 There are many different deflators that are available.  This one is for gross domestic purchases which measures prices paid by U.S. residents.  It is the one measure of inflation that the Commerce Department talks about when it releases the GDP report.  ...

Initial Unemployment Claims

July 30, 2020 .Initial unemployment claims for the week of July 25 rose 12 thousand  to 1,434 thousand after having risen 114 thousand in the previous week, but having decline declined in each of the previous 15 weeks.  Claims have fallen steadily since reaching a...