Sunday, January 17, 2016

Consumer Spending Nov'15 and Retail Sales Dec '15

This is November 2015 Personal Consumption Expenditures.  It is year over year.  This is with inflation so I can only say it is weak.




October '15 Here is a close look with inflation taken out.  It is as expected really weak year over year.




It is interesting to see how consumer spending has declined since the onset of our magical times, the great expansion.




Below: Retail Sales for December 2015 without taking out inflation.  It has flat-lined.  This even though the jobs report was spectacularly good.




Below: Retail Sales for December 2015 without taking out inflation year over year are 1.6%.  What ever happened to the consumer?  No money?  Too tired from two jobs to shop?  Too much debt?  No prospect of pay increases?

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