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Ankura Monthly Economic Indicators Overview [March 2024]

In February, the U.S. economy showed mixed performance. Consumer sentiment remained stable, with little change since January. Personal disposable income rose by 4.5%, and consumer expenditures increased by 4.5% year-over-year. However, total consumer debt reached a record high of $17.5 trillion, prompting consumers to dip into savings to pay off debt. 

Retail sales saw a 2.2% year-over-year increase, with notable growth in food and dining but declines in various hard goods segments. The Consumer Price Index rose by 3.2% year-over-year, while core inflation (excluding food and energy) increased by 3.8%. Unemployment remained below 4%, at 3.9%, with non-farm employment rising by 1.8% month-to-month. Housing indicators were mixed, with new home sales increasing but housing starts declining, and a drop in the median U.S. new home price by nearly 3%.
 

© Copyright 2024. The views expressed herein are those of the author(s) and not necessarily the views of Ankura Consulting Group, LLC., its management, its subsidiaries, its affiliates, or its other professionals. Ankura is not a law firm and cannot provide legal advice.

Tags

report, f-performance, turnaround & restructuring, retail, business intelligence, performance improvement

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