by Mike ‘Mish’ Shedlock
Consumer spending expectations have bounced a bit since the beginning of the year at the median level and at the high end. Despite the bounce, none of the trendlines have turned up.
[…] I created the above chart after downloading data from the New York Fed’s Survey of Consumer Expectations.
- The median and low-end spending expectations peaked in April of 2014. The high-end peaked in August of 2013.
- Compared to the Excel generated trendlines, there has been a decent bounce in spending expectations at the high vs. but no bounce at the low end.
- Compared to December of 2015, there has been a nice bounce at the median and high end, but not the low end.
- Compared to February of 2016, the only bounce is at the high end.
- None of the trendlines have turned up.
Here are a few other charts from the report.