Data Round-Up: Soft July Points to Only +1% Real Consumption Gain for 14Q3

posted by Michael Lewis on August 29, 2014

Found in US, categorized in Growth Outlook and Business Cycle

Tags: personal income Chicago purchasing index regional survey

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Consumers pocketed their modest income gains in July. After that soft start, we now expect 14Q3 real consumption to be up only +1% annualized; FMI had been looking for +2%.


FMI’s analyses of today’s July Personal Income & Consumption report and August Chicago Purchasing Managers Index and other Regional Surveys.

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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