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Ankura Monthly Economic Indicators Overview [May 2024]

Consumer debt continues to climb. Total household debt rose by $184 billion to reach $17.69 trillion; mortgage balances increased by $190 billion to $12.44 trillion, while balances on auto loans climbed $9 billion to $1.62 trillion. Consumer sentiment plunged about 13% in May, following a period of relative stability for the past three months; the steep decline of 10 index points marks a statistically significant drop and brings sentiment to its lowest level in six months.

April retail sales increased by 3.5% and most key retail segments experienced year-over-year (YOY) sales. The major segments with increases were non-store (online) retailers and food services and dining establishments.

The consumer price index (CPI) rose 3.4% over the last 12 months; Core CPI increased 3.6% over the year. Housing and motor fuel rose; combined, these two indexes contributed over 70% of the monthly increase in the index for all items.

Download the full report here.

© 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.


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

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