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Tag Archives: bureau of economic analysis
Third Estimate 1Q2012 GDP Unchanged at 1.9%, Corporate Profits Fell
Written by Steven Hansen and Doug Short The third estimate of first quarter 2012 Real Gross Domestic Product (GDP) is unchanged at 1.9% 3Q2011 GDP was 1.8% 4Q2011 GDP was 3.0% 1Q2012 GDP advance estimate was 2.2% Annual GDP growth … Continue reading
April 2012 Personal Consumption Shows Expanding Consumer Sector
Written by Steven Hansen April 2012 both Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers again improved month-over-month, and Disposable Personal Income (DPI) rose for the second month in a row: Real PCE (inflation and seasonally … Continue reading
Second Estimate 1Q2012 GDP Is Revised Down to 1.9%
Written by Steven Hansen and Doug Short The second estimate of first quarter 2012 Real Gross Domestic Product (GDP) is 1.9% 3Q2011 GDP was 1.8% 4Q2011 GDP was 3.0% 1Q2012 GDP advance estimate was 2.2% Annual GDP growth for 2011 … Continue reading
March 2012 Personal Consumption: Spending & Savings Improve
Written by Steven Hansen March 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers again improved month-over-month, and Disposable Personal Income (DPI) rose negating the last two months of decline: Real PCE (inflation and seasonally adjusted) … Continue reading
Advance 1Q2012 GDP: Economy Soft but Consumer Remains at Trough
Written by Steven Hansen and Doug Short The advance estimate of first quarter 2012 Real Gross Domestic Product (GDP) is 2.2% 3Q2011 GDP was 1.8% 4Q2012 GDP was 3.0% Annual GDP growth for 2011 was 1.7% (calendar year 2011 over … Continue reading
Posted in GDP
Tagged Advisor Perspectives, BEA, bureau of economic analysis, Doug Short, dshort.com, exports, GDP, government spending, imports, personal consumption, Steven Hansen
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February 2012 PCE Shows Consumers Returning to Consumption Trough
Written by Steven Hansen February 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers improved month-over-month, but Disposable Personal Income (DPI) again declined slightly: Real PCE (inflation and seasonally adjusted) improved 0.5% month-over-month Real DPI rose … Continue reading
4Q2011 GDP Unchanged, Has Headwinds Going Forward
Written by Steven Hansen and Doug Short The third estimate of fourth quarter 2011 Real Gross Domestic Product (GDP) is 3.0% 3Q2011 GDP was 1.8% The advance estimate of 4Q2011 GDP was 2.8% The second estimate of 4Q2011 GDP was … Continue reading
January 2012 Personal Expenditures Unchanged, But Income Falls
Written by Steven Hansen January 2012 Real Personal Consumption Expenditure (PCE) – the inflation adjusted spending of consumers was unchanged month-over-month, but Disposable Personal Income (DPI) declined slightly: Real PCE (inflation and seasonally adjusted) unchanged 0.0% month-over-month Real DPI rose … Continue reading
Second Estimate 4Q2011 GDP: Upward Revision to 3.0%
Written by Steven Hansen and Doug Short The second estimate of fourth quarter 2011 Real Gross Domestic Product (GDP) is 3.0% 3Q2011 GDP was 1.8% The advance estimate of 4Q2011 GDP was 2.8% The market expected 4Q2011 GDP at 2.8%. … Continue reading
Higher Savings Rate Contributed to Poor PCE Numbers in December 2011
December 2011 Personal Consumption Expenditure (PCE) – the spending of consumers disappointed even though Disposable Personal Income (DPI) rose significantly: PCE fell an inflation and seasonally adjusted 0.1% month-over-month DPI rose and inflation and seasonally adjusted 0.5% month-over-month the personal … Continue reading
Consumer Spending Increased In November 2011
Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.2% month-over-month in November 2011. This follows the September PCE which showed the largest monthly increase since December 2009, and October’s moderate increase of … Continue reading
October 2011 Personal Consumption Increased, but Income Increased More
Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.1% month-over-month in October 2011. This follows the September PCE which showed the largest monthly increase since December 2009. Inflation and seasonally adjusted Disposable … Continue reading
Good Gain For Personal Consumption Expenditures in September 2011
Personal Consumption Expenditure (PCE) – the spending of consumers – rose an inflation and seasonally adjusted 0.5% month-over-month in September 2011. This was the largest monthly increase since December 2009. Inflation and seasonally adjusted disposable income fell 0.1% month-over-month. For … Continue reading
Personal Income and Expenditures Data Should be Ignored in August 2011
In August 2011 month-over-month, real (inflation adjusted) income is down slightly 0.3% while real spending was unchanged. Not recessionary but not good. Continue reading
July 2011 Personal Income Expenditures: Economic Expansion Signal
What a difference one month makes. June 2011 data had us talking about a recession with three straight months of inflation adjusted PCE contraction. Now the July 2011 data comes out with the largest increase since December 2009. Continue reading
June 2011 Personal Consumption Expenditures Data Not Good
We know from last Friday’s 2Q2011 GDP that the consumer was not expanding in GDP quarter-over-quarter. In terms of real spending (inflation adjusted) expressed as PCE – it appears the consumer was cutting back the whole second quarter. Continue reading
Ugly Data Continues: No Life In the Consumer Sector
Inflation adjusted expenditures are clearly in a downtrend – and the data has been contracting for the last three months. Again, GDP is calculated on expenditures, the consumer is over 60% of GDP – and the consumer spending growth is slowing. Continue reading
Personal Income and Expenditures Growth Frozen in April 2011
Consumer Income and Consumption can be viewed many ways. Econintersect has cut through this data from several angles providing the best overview on the internet. Looking at the April 2011 data alone, it is is difficult to figure out where the economy is headed.
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March 2011 Personal Income & Consumption Expenditures Good Until Cost Increases Considered
The March 2011 Personal Income and Outlays seems the consumer is back – until you start analyzing that most of the increases are due to rising prices. It seems that the consumer is only modestly supporting this recovery. With government expenditures being cut back, the robustness of recovery appears dependent of business investment improving. Continue reading
February 2011 Personal Income & Expeditures Improve
Personal / consumer economic expansion shows moderate and relatively steady improvement in February 2011 according to Econintersect’s analysis of income & PCE. Continue reading
