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August 2016 – Economy at a glance

Consumer Confidence increased 2.3 points from last month; consumers reported higher confidence in their present situation and increased optimism in expectations. Manufacturing decreased 3.2 points since July; production and new orders slipped in August.

July 2016 – Economy at a glance

GDP increased to 1.2% in the second quarter from 1.1% in the first quarter of 2016; consumer spending led gains. Confidence decreased 0.7 points from last month; overall confidence remains elevated with decreased pessimism over the labor market.

June 2016 – Economy at a glance

Consumer Confidence increased 5.6 points from last month; overall confidence continues to be volatile from month-to-month. Manufacturing increased 1.9 points since May; new orders fell while inventories increased in June. Employer Trends Index increased 1.7 points from May; all of the eight components were positive in June.

May 2016 – Economy at a glance

Consumer Confidence continued to lower, down 2.1 points from April. GDP decreased to 0.8% in the first quarter from 1.4% in the fourth quarter of 2015. U.S. personal income increased in May, increasing by $37 billion since April; the personal savings rate decreased to 5.3%.

April 2016 – Economy at a glance

GDP decreased to 0.8% in the first quarter of 2016 from 1.4% in the fourth quarter of 2015. From March, Consumer Confidence decreased 1.9 points — though near term confidence continues to weaken, long term expectations remain positive. U.S. personal income increased in April, increasing by $70 billion since March; the personal savings rate decreased to 5.4%.

March 2016 – Economy at a glance

On a national level, GDP decreased to 0.5% in the first quarter of 2016 from 1.4% in the fourth quarter of 2015. Consumer Confidence increased four points from February. Although near term confidence in current economic conditions weakened, the long term outlook strengthened.

February 2016 – Economy at a glance

A downward trend continued for GDP, which decreased to 1.4% in the fourth quarter from 2% in the third quarter of 2015. Consumer Confidence decreased 5.6 points from last month. At the local level, Arizona initial unemployment insurance claims decreased 10% from last year.

January 2016 – Economy at a glance

GDP continued to decrease, down to 0.7% in the fourth quarter from 2% in the third quarter. However, confidence increased 1.6 points from the previous month, bolstered by low unemployment and increased buying plans. U.S. personal income increased $43 billion from November to December. Construction spending is on the rise.

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