consumption

1st Quarter US GDP Estimate

By |2009-03-17T14:32:13-04:00March 17th, 2009|Markets|

The revised 4th Quarter GDP number was released a couple of weeks ago, highlighting a 6.2% decline in total goods and services produced in the US, which included a 4.3% drop in consumer spending, the most in 28 years. Considering the fact that most economists feel that the first quarter of 2009 will be worse than the [...]

Economic Report: Personal Income/Spending

By |2008-11-26T15:20:57-05:00November 26th, 2008|Markets|

According to the Bureau of Economic Analysis and its monthly report on Personal Income/Spending, in the past few months, US consumers have cut back on big-ticket purchases and expenses and started saving for a change. Nominal consumer spending decreased 1.0% for the month of October, the largets decline since September 2001, after a 0.3% decline in last month. [...]

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