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Author Archives: Rick Davis
BEA Raises 3rd Quarter 2012 GDP Growth Estimate Once Again to 3.09%
by Rick Davis, Consumer Metrics Institute In their third (and “final“) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 3.09% annualized rate, an … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged BEA, BLS, CMI, Economy, GDP, Rick Davis
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Holiday Consumer Activities
by Rick Davis, Consumer Metrics Institute Earlier we presented a chart that attempted to quantify the impact of Hurricane Sandy and the presidential election on the shopping behavior of American consumers. We did that by comparing this year’s behavior with … Continue reading
Posted in Consumer Metrics Institute, Durable Goods
Tagged CMI, consumer durables, Consumer Metrics Institute, Rick Davis, weak economy
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BEA Raises 3rd Quarter 2012 GDP Growth Estimate to 2.67%
by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.67% annualized rate, an upward revision … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged Consumer Metrics Institute, Economy, GDP, Rick Davis
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Update on Post-Sandy Condition and Election in America
November 26, 2012 – Quick Update on the Impact of Super-Storm Sandy and the Electoral Blues: by Rick Davis, Consumer Metrics Institute Earlier this month we reviewed the impact of Hurricane Sandy and the presidential election on the shopping behavior … Continue reading
Sandy and Election Day Blues
by Rick Davis, Consumer Metrics Institute At the Consumer Metrics Institute we are fortunate to have daily consumer tracking data that provides a nearly real-time window into the impact of natural, cultural and political events on the US economy. In … Continue reading
GDP Report: Improving Growth or Continued Weakness?
by Rick Davis In their first (“Advance”) estimate of the US GDP for the third quarter of 2012 the Bureau of Economic Analysis (BEA) found that the economy was growing at a 2.02% annualized rate, some 0.76% higher than for … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged BEA, CMI, Consumer Metrics Institute, CPI, deflator, disposable income, GDP, PPI, recession, Rick Davis, weakening consumers
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Conflicting Consumer Data
by Rick Davis, Consumer Metrics Institute At the Consumer Metrics Institute our mission has been to analyze changes in on-line consumer behavior for early signals about the macro-economic health of the United States. So it makes sense that we are … Continue reading
2Q 2012 GDP Revised Down: The Details
by Rick Davis In their second and “final” revision to their estimate of the second quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 1.26%, down about a half … Continue reading
Posted in GDP
Tagged BEA, CMI, Consumer Metrics Institute, disposable personal income, GDP, GDP backwards revisions, Rick Davis
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GDP: Little Changed at 1.73%
by Rick Davis In their first revision to their estimate of the second quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 1.73%, up 0.19% from their initial estimate … Continue reading
Posted in Consumer Metrics Institute, GDP, Uncategorized
Tagged BEA, CMI, Consumer Metrics Institute, deflator, GDP, recession, Rick Davis
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CMI Weighted Composite Continues Plunge
by Rick Davis The year-over-year data in our Weighted Composite Index has continued a spectacular deterioration over the past month: Click on graph for larger image.
2Q 2012 GDP: Economy Slowing
by Rick Davis In their first estimate of the second quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 1.54%, down nearly a half percent from the (revised) 1.97% … Continue reading
1Q 2012 GDP: Minor Changes in Third Estimate
by Rick Davis In their third estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) left the annualized rate of U.S. domestic economic growth unchanged at 1.88%, which is still more than a percent below the … Continue reading
Consumer Contribution to GDP is Fading
by Rick Davis We have often commented about the disparity between shrinking per capita disposable income (which is contracting at an annualized -0.22% rate) and the BEA’s reported growth in consumer spending (reportedly growing at an annualized +1.91% rate). Assuming … Continue reading
Government and Consumer Drag on GDP
by Rick Davis In their second estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) lowered the annualized rate of U.S. domestic economic growth to 1.88% (down about a third of a percent from the 2.20% … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged BEA, CMI, Consumer Metrics Institute, CPI, deflator, disposbale income, GDP, government spending, PPI, recession, Rick Davis, weakening consumers
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GDP Slows During 1Q 2012
by Rick Davis In their “advanced” estimate of the first quarter 2012 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.20%, down more than three-quarters of a percent from the … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged BEA, CMI, Consumer Metrics Institute, deflator, disposbale income, GDP, Rick Davis
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GDP Number Remains Good, Components Shaky
by Rick Davis In their “final” revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of U.S. domestic economic growth was 2.97%, down a mere 0.01 percent from … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged CMI, Consumer Metrics Institute, Economy, GDP, inventories, Rick Davis
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4Q 2012 GDP Revision: Modest Improvement
by Rick Davis In their first revision of their estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of economic growth was 2.98%, up about a quarter of a percent from … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged BEA, BLS, CMI, Consumer Metrics Institute, CPI, deflator, exports, GDP, imports, PPI, recession, Rick Davis
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4Q 2011 GDP: Seriously Mixed Signals
by Rick Davis In their “Advance” estimate of the fourth quarter 2011 GDP, the Bureau of Economic Analysis (BEA) found that the annualized rate of economic growth had risen to 2.75%, up slightly less than one percent from their “final” … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged CMI, consumer durables, Consumer Metrics Institute, consumers, Economy, GDP, inventories, Rick Davis
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Taking a Closer Look at Mixed Signals
by Rick Davis For those of us who track the macro-econometric behavior of consumers, the past six or seven months have been (at best) challenging. Just teasing out a “macro” behavior has been difficult, with wildly conflicting signals proving to … Continue reading
Happy New Year? Not in GDP Numbers
by Rick Davis In their third estimate of the third quarter 2011 GDP, the Bureau of Economic Analysis (BEA) revised the headline growth number downward once again to an annualized growth rate of 1.81%. This revision represents a drop in … Continue reading
Posted in Consumer Metrics Institute, GDP
Tagged CMI, consumer durables, Consumer Metrics Institute, consumers, disposable personal income, Economy, GDP, Rick Davis
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