December 2019 real personal income and spending Real personal income and spending are both coincident indicators. They don’t tell us where the economy is going, but they do give us a snapshot of how ordinary Americans are doing. In December, real income declined by less than -0.1%. Real spending rose by less than +0.1%: Figure 1 Real personal spending excluding government transfer payments is one of the four indicators used by the NBER to determine if the economy is in recession or not. In December this was flat. Overall in 2019 there was a slow uptrend: This is one indication that as of one month ago the economy was not in a recession.
Topics:
NewDealdemocrat considers the following as important: Taxes/regulation, US/Global Economics
This could be interesting, too:
Joel Eissenberg writes Elon Musk can’t do arithmetic
Bill Haskell writes Opinion Piece “China’s One-Child Economic Disaster”
Joel Eissenberg writes A housing crisis? Location, location, location
Angry Bear writes What Happens When Corporate Places Greater Emphasis on Stock Buybacks Rather than Quality?
December 2019 real personal income and spending
Real personal income and spending are both coincident indicators. They don’t tell us where the economy is going, but they do give us a snapshot of how ordinary Americans are doing.
In December, real income declined by less than -0.1%. Real spending rose by less than +0.1%:
Figure 1
Real personal spending excluding government transfer payments is one of the four indicators used by the NBER to determine if the economy is in recession or not. In December this was flat. Overall in 2019 there was a slow uptrend:
This is one indication that as of one month ago the economy was not in a recession.