Category Archives: Consumer Metrics Institute

GDP: Inventory Build Saves the Day

April 26, 2013 – BEA Estimates 1st Quarter 2013 GDP Growing at 2.5% Annual Rate by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the first quarter of 2013, the Bureau of Economic Analysis … Continue reading

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March 28, 2013: BEA Revises 4th Quarter 2012 GDP Upward to a 0.38% Annual Growth Rate

by Rick Davis, Consumer Metrics Institute In their third estimate of the US GDP for the fourth quarter of 2012 the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 0.38% annualized rate, roughly 2.7% worse … Continue reading

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Consumers: Past, Present and Future

by Rick Davis, Consumer Metrics Institute Click on graph for larger image of calendar year 2012 chart. When we last looked back at our data for US consumer behavior for the end of 2012, we included comments on two phenomena … Continue reading

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Final Review of 2012 Holiday Shopping Season

by Rick Davis, Consumer Metrics Institute On several occasions we have tried to help our readers visualize consumer behavior during the last quarter of 2012 by comparing consumer activity during the recently ended quarter with the same quarter of 2008. … Continue reading

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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

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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

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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

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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

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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

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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

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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

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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

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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.

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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

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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

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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

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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

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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

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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

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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

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