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 (Sep-30-2026)

Inventories edged down for gasoline, jet fuel and distillates, with crude rising, as the total of all products decreased nearly 8M barrels. ...