Umich Household Durables - Good Time to Purchase are correlated to the unemployment rate.
US consumers spend less on critical household purchases when their economic situation deteriorates; alternatively, the decision to reduce spending on key household products, which may come amid concerns for future income and wealth, creates a feedback loop which ultimately results in an economic contraction.
University of Michigan charts can be found here.
US consumers spend less on critical household purchases when their economic situation deteriorates; alternatively, the decision to reduce spending on key household products, which may come amid concerns for future income and wealth, creates a feedback loop which ultimately results in an economic contraction.
University of Michigan charts can be found here.
