Tag Archives: Spending

May Income/Spending, June UI Claims

Strong Spending Points to Q2 GDP Rebound U.S. Personal Income increased by 0.5 percent in May. After taxes and inflation it gained 0.2 percent. Nominal Consumer Spending increased by 0.9 percent in May driven by auto sales. Initial Claims for … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on May Income/Spending, June UI Claims

March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

Unconvincing Data Keeps Fed on Hold S. Personal Income was unchanged in March. After taxes and inflation it dipped 0.2 percent. Real Consumer Spending increased by 0.3 percent in March as auto sales rebounded. The Employment Cost Index continued to … Continue reading

Posted in Daily, General, United States | Tagged , , , , , | Comments Off on March Income and Spending, Q1 Employment Costs, April UI Claims, Fed

February Income and Spending, Pending Home Sales

Consumers Spend Less, Save More…Preparing to Buy Houses? U.S. Personal Income increased by 0.4 percent in February, boosted by dividends. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.2 percent. Real Personal Consumption Expenditures decreased by 0.1 … Continue reading

Posted in Daily, General, United States | Tagged , , , | Comments Off on February Income and Spending, Pending Home Sales

Comerica Economic Weekly

It was a fairly quiet week for U.S. economic data with one loud exception. The Bureau of Economic Analysis announced a sizeable downward revision to their estimate of 2014Q1 real GDP growth. The first estimate of Q1 GDP growth showed … Continue reading

Posted in General, United States, Weekly | Tagged , , , , | Comments Off on Comerica Economic Weekly

May Income and Spending, Q1 GDP Revision, June UI Claims

Q1 GDP Revised Down Again, May Income/Spending Data Consistent with Q2 GDP Rebound U.S. Personal Income increased by 0.4 percent in May, with solid wage growth. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.2 percent. … Continue reading

Posted in Daily, General, United States | Tagged , , , , | Comments Off on May Income and Spending, Q1 GDP Revision, June UI Claims

April ISM Manufacturing, FOMC, March Construction, Income/Spending

Grab Bag of Data Consistent with Ongoing Expansion  The ISM Manufacturing Index for April increased to a solid 54.9 percent, boosted by employment. The Federal Reserve tapered asset purchases as expected. No change to the fed funds rate. March Construction … Continue reading

Posted in Daily, General, United States | Tagged , , , , , , , | Comments Off on April ISM Manufacturing, FOMC, March Construction, Income/Spending

January Income and Spending, Construction Spending, Feb. ISM MF

Government Programs Support Income. Heating Bills Support Spending. U.S. Personal Income increased by 0.3 percent in January, driven by special factors. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.3 percent. Real Personal Consumption Expenditures were … Continue reading

Posted in Daily, General, United States | Tagged , , , , , | Comments Off on January Income and Spending, Construction Spending, Feb. ISM MF

July U.S. Employment and June Income and Spending

Jobs Report Confounds in Both Directions, Payrolls Weaker, Unemployment Better  The July Payroll Employment Survey showed a weaker-than-expected gain of 162,000 jobs. The Unemployment Rate for July decreased to 7.4 percent, better than expected. Average Weekly Hours ticked down for … Continue reading

Posted in Daily, United States | Tagged , , , , , | Comments Off on July U.S. Employment and June Income and Spending

June ISM Manufacturing, May Construction Spending

Indicators Show Moderate Growth in Just-Completed Second Quarter  The ISM Manufacturing Index for June increased to 50.9 percent, indicating slight improvement. Construction Spending for May gained 0.5 percent, held down by weak private non-residential activity. We cross the mid-year 2013 … Continue reading

Posted in Daily | Tagged , , , , , , , | Comments Off on June ISM Manufacturing, May Construction Spending

May Income and Spending, June UI Claims, Q1 GDP Revision

Income Gains Plus Home Equity Accumulation Equals Steadier Consumer Spending  U.S. Personal Income increased by 0.5 percent in May, driven by interest and dividend income. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.4 percent in May. … Continue reading

Posted in Daily | Tagged , , , , , , | Comments Off on May Income and Spending, June UI Claims, Q1 GDP Revision