Data Round-Up: Real Consumption on Track for Near +3% Gain in 17Q4

posted by Michael Lewis on November 30, 2017

Found in US, categorized in Macro

Tags: FMI michael lewis personal income UI claim

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An upside inflation surprise, plus respectable income and consumption gains. With an arithmetic assist from the storm-boosted September level, real consumption is on track for a solid +2.9% gain in 17Q4, in-line with our earlier forecast.


FMI’s analyses of today’s October Personal Income & Consumption report, November Chicago Purchasing Managers survey, and Weekly Initial UI Claims & Rail Traffic data, along with our Summary of major data released in November.

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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