Three Must-See Charts About Friday's U.S. Economic Data

The video discusses the July sales report, highlighting consumer spending's role in GDP. It examines the relationship between auto and retail sales, noting a potential slowdown. Inflation expectations and their impact on consumer behavior are explored, with insights from the University of Michigan survey showing improved financial sentiment. The video concludes with a discussion on inflation expectations post-Brexit.

What is the primary reason for focusing on retail sales excluding autos in the July sales report?

• To highlight the impact of auto sales on GDP

• To assess consumer spending on non-auto goods

• To compare auto sales with retail sales

• To predict future auto sales trends

Why are auto sales often separated from retail sales headlines?

• Auto sales are not considered consumer spending

• Auto sales do not affect GDP

• Auto sales data is usually unavailable

• Auto sales data is already known

How does consumer confidence relate to inflation expectations?

• Inflation expectations are solely based on GDP

• Confidence and inflation expectations are unrelated

• Lower confidence leads to higher inflation expectations

• Higher confidence leads to higher inflation expectations

What significant statistic is highlighted in the University of Michigan survey?

• The highest consumer spending since 2001

• The lowest share of people in a worse financial situation since 2001

• The highest unemployment rate since 2007

• The lowest inflation rate since 2007

How does the University of Michigan survey statistic relate to unemployment rates?

• It predicts future unemployment trends

• It mirrors the trend of decreasing unemployment

• It indicates no relation to unemployment

• It shows a direct correlation with rising unemployment