Monthly Archives: September 2014

Weekly Economic Update – Sept. 15, 2014

SUMMER SPENDING SPREE LIFTS RETAIL SALES They increased 0.6% in August, easing some anxieties about a possible slowdown in personal spending. Core retail sales (which exclude auto, gas, food, and home improvement purchases and more closely match the consumer spending aspect of Gross Domestic Product) improved 0.4% last month, and were up 4.1% year-over-year. The…
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Weekly Economic Update – Sept. 1, 2014

WHY DID CONSUMER SPENDING DECLINE IN JULY? Last month’s 0.1% dip surprised analysts. In inflation-adjusted terms, the Commerce Department measured the pullback at 0.2%. Household confidence, though, continues to increase. The University of Michigan’s consumer sentiment index finished August at 82.5, up from 81.8 at the end of July and refuting the Wall Street Journal…
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