U.S. Economic News

February 26, 2021

U.S. Economic Indicators

The U.S. Census Bureau Advance Economic Indicators Report shows that the goods deficit widened to $83.7 billion in January from $83.2 billion in December. Meanwhile, wholesale inventories rose 1.3% and retail inventories decreased 0.6%. Census Bureau Report

Real disposable personal income increased 11.0% in January, while real personal consumption expenditures (PCE) increased 2.0%. The PCE price index rose 0.3% (up 1.5% Y/Y), and the core price index rose 0.3% (up 1.5% Y/Y). BEA Report

The University of Michigan Consumer Sentiment Index declined 2.2 points to 76.8 in the final February reading and is down 24.2 points from February of last year. The Index of Consumer Expectations fell 3.3 points to 70.7, while the Current Economic Conditions Index declined 0.5 points to 86.2. University of Michigan