Saturday, July 7, 2007

More On Consumer Spending

This is a chart from Martin Capital. Notice the following.

1.) The YOY change in retail sales has dropped since the beginning of 2006. However, it has picked-up since the beginning of 2007, possibly representing a reversal of the downward trend.

2.) New and existing home sales have been dropping since mid-2005.

3.) Car sales have consistently fluctuated between roughly 16 million/year and 17.75 million a year since 2001. However, the annual sales pace has consistently declined since the beginning of the year.

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