Retailers are not dreaming of a white Christmas. Whether a snowstorm impacting the Mid-Atlantic region this weekend will impact an arguably lackluster holiday shopping season is yet to be seen. But, bad weather does have a tendency of keeping would be shoppers home, however, these shoppers will still have access to online stores, but given […]
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Personal Income and Outlays
Personal Income showed no change for September after a revised increment +0.1% in August, this was inline with the consensus forecast. Personal Consumption Expenditures (PCE) declined -0.5% in September, versus a revised increment of +1.4% in August. The decline in consumption is the continued aftereffects caused by the expiration of the US government’s ‘Cash for […]
Personal income rose 0.2% in August, after rising 0.2% in July. Personal consumption expenditures climbed 1.3%, versus a 0.3% increment in July. Most of August’s strength was due to increased durable goods purchases (+5.3) stemming from the residual effect from the US government’s Cash for Clunkers program. Nevertheless, the consumption of services reached an 11 […]
Personal income was flat in July, compared to a consensus forecast of 0.1%, and a previous decline of -1.1%. Disposable income was unchanged. Despite the government’s ‘Cash for Clunkers’ program consumer expenditures rose by 0.2%%, compared to a consensus forecast of 0.3%, and a previous reading of 0.6%. Continued weakness in the job’s market […]
This week looks to be another whirlwind week of significant economic releases coming from the consumer and housing sectors, along with an update on 2Q09 GDP growth. In addition to this, Monday will see the end of the US government’s highly successful ‘Cash for Clunkers’ program, which over the course of its existence has positively […]