consumer spending recovery

By
Industry Observer with Howard Sumner Consulting

Thoughts to ponder

Looking at the information from Gallup on consumer spending comparing before the great recession and financial collapse in the fall of 2008, the 14 day rolling  average of consumer spending to 2012,  consumers report that they were spending 15.9%  and 21.64% less than in January and May respectively in 2012 as compared to 2008. Looking at the bottom in 2010 consumers report that they spending 5.7%  and 11.76% more respectively  in January and May 2012 as compared to 2010. According to the  bureau of labor statistics from  consumers prices have risen 4.46%  and 5.53% January and May respectively comparing 2010 to 2012. Sooooooooooooo the question becomes are consumers spending more and buying less? Or are we recovering less and enjoying it less?

 

Gallup Daily: U.S. Consumer Spending

   

Results reported in both a 3-day and 14-day rolling average

-------------------------------------------------------------------------

Date

3-day rolling average

14-day rolling average

 

01/15/2008

104

88

     

05/27/2008

97

97

     

01/02/2009

68

78

     

01/02/2010

59

70

     

05/26/2010

68

68

     

01/02/2011

74

80

     

05/26/2011

65

66

     

01/02/2012

75

74

     

05/26/2012

76

76

     

-------------------------------------------------------------------------

Comments (1)

Erv Fleishman
Realty Associates - Boca Raton, FL
Luxury Prop Specialist Realty Associates

Numbers will tell any story you want them to tell.

When your neighbor is unemployed it is a recession. 

When you are unemployed it is a depression.

We need jobs and all else will follow.

May 27, 2012 09:22 AM

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?