January 2014 Real Personal Income and Expenditures Above Expectations

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) grew while Real Disposable Personal Income (DPI) contracted. This release shows that the December data (previous month) was distorted by a previous year’s income spike – and that income and expenditure growth correlated this month.

Downfall of GDP Growth

February 28, 2014 – BEA Revises 4th Quarter 2013 GDP Growth Down to 2.37% Annual Rate by Rick Davis, Consumer Metrics Institute In their second estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 2.37% annualized rate, down -.85% …

Second Estimate 4Q2013 GDP Revised Down to 2.4%

Written by Doug Short and Steven Hansen The second estimate of fourth quarter 2013 Real Gross Domestic Product (GDP) is now a positive 2.4%. The market expected GDP at 2.2% to 2.8% (consensus 2.5%). This data point was 3.2% in the advance GDP estimate.

December 2013 Real Personal Income Contracts – Not A Good Sign for Economic Expansion

Written by Steven Hansen Real Personal Consumption Expenditure (PCE) grew while Real Disposable Personal Income (DPI) contracted. Income continues to fall further behind the rate of increase of spending.

Strong GDP Numbers Not Reaching Main Street

BEA Estimates 4th Quarter 2013 GDP Growth at 3.22% Annual Rate, Down Modestly from 3rd Quarter by Rick Davis, Consumer Metrics Institute In their first estimate of the US GDP for the fourth quarter of 2013, the Bureau of Economic Analysis (BEA) reported that the economy was growing at a 3.22% annualized rate, down .9% …