U.S. Economic News
May 29, 2020
U.S. Economic Indicators
The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit expanded to $69.7 billion in April from $65.0 billion in March, a 7.2% increase. Meanwhile, wholesale inventories rose 0.4% and retail inventories fell 3.6%. Census Bureau Report
Real disposable personal income increased 13.4% in April, while real personal consumption expenditures (PCE) fell 13.2%. The PCE price index fell 0.5% (up 0.5% Y/Y), and the core price index eased 0.4% (up 1.0% Y/Y). BEA Report
The University of Michigan Consumer Sentiment Index edged up 0.5 point to 72.3 in the final May reading but is down 27.7 points from May of last year. The Index of Consumer Expectations fell 4.2 points to 65.9, while the Current Economic Conditions Index rose 8.0 points to 82.3. University of Michigan