Data Round-Up: Harvey to Dampen 17Q3 Consumption, Little Net Impact on 2017-H2

posted by Michael Lewis on August 31, 2017

Found in US, categorized in Macro

Tags: FMI michael lewis personal income consumption

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After today’s upward revisions to June and decent July results, real consumption was poised arithmetically for an easy +3% gain in 17Q3. Then came Harvey in August. While not as dire as most news reports portray, the storm will trim 17Q3 consumption.


FMI’s analyses of today’s July Personal Income & Consumption report and August Chicago Purchasing Managers and other Regional Business Surveys, as well as our Summary of major data released in August and a Schedule of key data releases in September. 

About Michael Lewis

Michael Lewis

Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.

FMI has compiled a solid record of timely, independent and accurate economic forecasts.  FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.

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