Last week’s new economic data began with a personal income and outlays report which suggested slower consumption growth. But the numbers released Friday are a little more encouraging.
Category Archives: autos
Good news from autos– for now
The price of oil rose from $80 a barrel in September 2007 to average $134 in June 2008. The toll this took on the U.S. auto industry was in my mind an important factor that contributed to the first year of the Great Recession in 2007:Q4-2008:Q3. Given the recent concerns about oil supplies in North Africa and the Middle East, it’s useful to review what happened three years ago and relate it to where we stand at the moment based on the February auto sales data that were just released.
An improving economic outlook
Looking a little better each day.
Still no strength in this rebound
The new news looks to me like the same old news.
Current economic conditions
Things look slightly cheerier than they did a month ago. But that’s not saying much.
Hangin’ in there
Recent economic indicators tell more of the same story– disappointingly weak growth.
August auto sales
August auto sales worst in 27 years, declared some headlines. While the statement may be true, I don’t think it’s the best way to summarize what we’re seeing.
Current economic conditions
Last week’s new economics data were a mixed bag. But on balance I’d have to say I’m more discouraged than when the week began.
No double dip
Although many people are concerned about the possibility of a second economic downturn, I continue to see an economy that is growing, albeit significantly more slowly than we would have wanted.
Current economic conditions
Yes, we’re still in the economic recovery phase, and yes, it still looks pretty sluggish.