Tag Archives: Spending

April Income and Spending, March House Prices:

Consumer Spending Adds to Fed Rate Hike Expectations U.S. Personal Income increased by 0.4 percent in April. After inflation and taxes, Real Disposable Income gained 0.2 percent for the month. Nominal Consumer Spending increased by a strong 1.0 percent in … Continue reading

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February Income and Spending

Modest Income Growth Tempered by Declining Corporate Profits U.S. Personal Income increased by 0.2 percent in February, despite strong job growth. Real disposable income gained 0.3 percent for the month. Nominal Consumer Spending increased by just 0.1 percent in February … Continue reading

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January ISM-MF, December Income/Spending, Construction Spending

A Shifting U.S. Economy Struggles to Find Traction This Winter The ISM Manufacturing Index for January increased slightly to 48.2 percent, still indicating contraction. U.S. Personal Income lifted by 0.3 percent in December. Real disposable income gained 0.4 percent. Nominal … Continue reading

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November Home Sales, Income/Spending, Durable Goods and Q3 GDP

Home Sales Slump on Mortgage Processing Personal Income increased by 0.3 percent in November. Consumer Spending also gained 0.3 percent. New Home Sales for November increased by 4.3 percent to a 490,000 unit annual rate. Existing Home Sales for November … Continue reading

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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

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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

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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

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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

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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

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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

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