Personal Income and Consumption Expenditures — Monthly

May 29,  2020 Personal consumption expenditures plunged by 13.6% in April after having dropped by 6.9% 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...

Pending Home Sales

May 28, 2020 Pending home sales plunged 21.8% in April to 69 after having fallen 20.8% in March as dramatic measures to halt the spread of the corona virus  shut down the U.S. economy. Lawrence Yun, the Chief Economist for the National Association of Realtors said...

Durable Goods Orders

May 28, 2020 Durable goods orders plunged by 17.2% in April after having fallen 16.6% in March.  The imposition of the stringent measures put into place in mid-March to stop the spread of the corona virus as taken a serious toll on the manufacturing sector.  . Much of...