GDP Archives

Inflation Rises, Consumer Spending Slows And GDP Weakens — Raising New Economic Concerns For Michigan

WASHINGTON DC - New federal economic data released Thursday delivered a troubling combination for the U.S. economy — and potentially for Michigan as well. Key Economic Numbers Released Thursday Inflation rose to 3.8% in April, up from 3.3% in March Consumer spending growth slowed sharply to 0.2% First-quarter U.S. GDP was revised down to 1.6%

ACSI: Quality, Quantity Of U.S. Economic Output In A Freefall

ANN ARBOR—The third quarter report of the American Customer Satisfaction Index predicts a bleak future for the United States economy, as customer satisfaction dropped 1.2 percent, its largest quarterly percentage fall in almost 20 years. While such a change may seem numerically small, it’s highly significant due to the measurement precision of the ACSI. Because quality, as