“U.S. Economy in a Snapshot is a monthly presentation designed to give you a quick and accessible look at developments in the economy. Overview of the August 2015 Snapshot
- Consumer spending rebounded from a weak first quarter, although the pattern of monthly growth remains choppy. Real consumption expenditures were flat in June., but they grew at a healthy rate during the second quarter overall
- Business equipment spending fell in the second quarter, the second decline in the last 3 quarters. Business investment in structures also fell in the second quarter, but a slower pace than in the first quarter.
- There are signs of further improvement in housing market conditions.
- July payroll growth was again solid, although there was no change in the unemployment rate, the labor force participation rate, and the employment-population ration. Wage growth remains subdued relative to pre-recession levels.
- Inflation remained well below the FOMC’s longer-term objective.
- Financial markets signaled greater concern about the global growth outlook, marked by a notable downturn in commodity prices. China’s recent devaluation of the yuan put further downard pressure on commodity prices.”
Sorry, comments are closed for this post.