consumer spending

Retail Sales February Sign of Life Squashed by Harsh Winter Sales

February 2014 Retail Sales increased 0.3% for the month.  This is the first increase in three months.  January was revised all the way down to -0.6% and December's drop was -0.3%.  Retail sales have now increased just 1.5% from a year ago.  January's decline was due to a real nose dive in auto sales, down -2.3% for the month.  Online retailers continue their rise with a 6.3% increase from a year ago.

Consumer Spending Up 0.5% in November, Biggest Real Gain in 21 Months

The November personal income and outlays report shows a 0.5% change in consumer spending, even when adjusted for inflation.  This is the highest monthly percentage change in consumer spending adjusted for inflation since February 2012 and is good news for Q4 GDP.  October consumer spending was revised up to 0.4% for the month.

Flat Line Real Consumer Spending and Income for July 2013

The July personal income and outlays report shows no change in real consumer spending, which is really bad news for GDP.   Not adjusted for inflation consumer spending rose a scant 0.1%.  Real personal income isn't any better with no change for the month.  Personal income not adjusted for inflation rose 0.1%.

Real Consumer Spending and Personal Income Increase 0.1% for April 2013

The April personal income and outlays report shows personal income has no change from last month, mainly due to less inflation.   Disposable income decreased -0.1%, but adjusted for inflation, shows a monthly increase of 0.1%.   Consumer spending decreased -0.2%, but when adjusted for inflation grew by 0.1% for the month, which is meager.

Personal Income Up 1.1%, Spending Up 0.7% for February 2013

The February personal income and outlays report shows personal income bounced back by 1.1%  from last month's nose dive that was due to the payroll tax holiday expiration and fiscal cliff deal.   Disposable income increased 1.1% but after adjusted for inflation, shows a monthly increase of 0.7%.   Consumer spending increased 0.7%, but when adjsted for inflation grew by 0.3% for the month.

Personal Income Hammered - Drops -3.6% for January 2013

The January personal income and outlays report is horrific.  Personal Income nose dived -3.6% from December and hasn't seen this big of a monthly drop since January 1993.  That's 20 years ago.  The blame is being laid on the payroll tax holiday expiration and December did see a rise in personal income also not seen since December 2004.  Disposable income is worse.   DPI dropped -4.0%, even when adjusted for inflation.   Ouch!

Personal Income Hit By Sandy, Real Consumer Spending Decreases -0.3% for October 2012

The October personal income and outlay's report is not good news. Consumer spending decreased -0.2% from last month, and when adjusted for inflation was a -0.3% decline for October. Consumer spending is another term for personal consumption expenditures or PCE.

Consumer Spending Increased 0.8%, Real Personal Income Minus Government Payments Decreased -0.1% for September 2012

Americans spent more than they earned. That's what's implied in the BEA's September personal income and outlay's report. Consumer spending increased 0.8% from last month, and when adjusted for inflation was a 0.4% increase for September. Consumer spending is another term for personal consumption expenditures or PCE.

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