Category Archives: US consumer

US CONSUMER INCOME, SPENDING REMAIN WEAK IN JULY

Personal Income and Personal Disposable Income both increased 0.2 percent in July.Personal consumption expenditures (PCE) increased 0.4 percent.  Personal Income and PDI are both up 3.0% YoY as comps are somewhat easier. Transfer receipts, up 7.6% YoY, remain supportive. Consumer … Continue reading

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US WEEKLY CHAIN STORE SALES DECLINE AGAIN

Chain store sales declined 0.4% last week (Aug. 21), the fifth consecutive decline. Sales are down 1.9% since the end of July. The back-to-school season looks pretty weak, a very, very bad sign for Christmas.

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More US Workers Tapping Pensions Early: Fidelity

A record number of U.S. workers are tapping into their retirement accounts to make it through the economic downturn, Fidelity Investments found in a survey released Friday. Among the 11 million workers whose 401(k) plans are run by Fidelity, 11 … Continue reading

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US CHAIN STORE SALES STRONG IN JULY

US chain store sales edged down 0.1% last week after the strong July gains. The 4-week moving average is up 1.4% from last month and 3.8% against 2009 strongest month. Interestingly, July strong chain store sales happened while car sales … Continue reading

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US GDP REVISIONS MEAN FASTER CONSUMER DELEVERAGING AND LOW INFLATION

The U.S. economy increased 2.4% in the second quarter, slightly below market expectations. Q2 delivered slower GDP growth compared to Q1 but with a marked acceleration in real domestic demand from 1.3% to 4.1%. We prefer to see a weaker … Continue reading

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THE COMING TAX BITE FOR AMERICANS

Much is being written about the discontinuation of the Bush tax cuts next January. Dennis Gartman provides the numbers each American is most concerned with. If we only concern ourselves with the biggest spenders, their discretionary income will be shaved … Continue reading

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US CHAIN STORE SALES RISE AGAIN

Chain store sales rose 0.6% last week, following the 1.4% jump the previous week. The 4-week moving average is up 3.8% YoY.

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WEEKLY CHAIN STORE SALES RISE 1.4%

The US consumer is volatile but does his best for the economy. Sales jumped 1.4% last week after the 1.5% drop the previous week. The 4-week moving average is up for the 6th week in a row and is 3.6% … Continue reading

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Wealthy Reduce Buying in a Blow to the Recovery

The wealth effect clearly played a positive role in 2009 and, negatively,  in the first half of 2010. (…) “One of the reasons that the recovery has lost momentum is that high-end consumers have become more jittery and more cautious,” … Continue reading

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U.S. Loan Delinquencies Fall

The American Bankers Association reported yesterday that the percentage of most types of closed-end loans behind on payments declined in March. Charts from Haver Analytics

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US CHAIN STORE SALES DROPPED 1.5% LAST WEEK

Volatile on a weekly basis but the 4-week moving average is up.

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Consumer Borrowing Dropped Again in May

Deleveraging continues, throughout the US economy. (The chart below does not include the May data nor the April revision). (…) Consumer credit outstanding decreased at a seasonally adjusted annual rate of 4.5%, down $9.1 billion to $2.415 trillion, a Federal … Continue reading

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