Friday, June 28, 2024

Review of May 2024 data, 1Q GDP revisions, PCE and personal income

The monthly summary continues to improve, although PPI numbers are of concern... going forward.


Regarding personal income, etc., read here.

The GDP for 2024Q1 was revised ever so slightly upward to 1.4% annualized. Only time will tell if that gets revised on September 26th.


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The latest petroleum inventories (Oct-21-2026), AND likely an unpopular opinion!

Another week and another report. Here goes... Inventories edged up for crude and distillate fuel. However, gasoline dropped, as the total of...