Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

7 Sept 2022 US Monitor Consumers' Spending is Responding to the Plunge in Gasoline Prices

Ian Shepherdson (Chief Economist and Founder)6th Sep 2022 15:23U.S., Daily Monitor

Consumers’ discretionary spending is reviving in the wake of the plunge in gas prices.
The ISM and PMI services indexes are headed in opposite directions; one of them is wrong.
The July trade data will confirm that the deficit is falling fast; trade will be a big plus for Q3 GDP growth.

core goods deficit energy gas prices gasoline gdp forecasts general merchandise home sales inventories ism July labor labor day national accounts October oil payroll payrolls pmi pmi services private payrolls q3 q3 gdp real estate real wage salary income September services index spending growth summer trade trade data trade deficit winter

© 2020 Pantheon Macroeconomics
Tel: +1 914 610 3830

Consistently Right

Access Key Enabled Navigation

Keywords for: 7 Sept 2022 US Monitor

core goods, deficit, energy, gas prices, gasoline, gdp forecasts, general merchandise, home sales, inventories, ism, July, labor, labor day, national accounts, October, oil, payroll, payrolls, pmi, pmi services, private payrolls, q3, q3 gdp, real estate, real wage, salary income, September, services index, spending growth, summer, trade, trade data, trade deficit, winter, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence