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Consumer Sector
Research
 
 
FAX ARCHIVE   September 2025
Date  Subject Descriptive Information
September 12 IT'S NOT MONEY -- IT'S THE MOOD! Moods Weaken Again;  Jobs News is Old;  Income & Spending Intentions Surprisingly Strong;  Net Worth Boost;  CPI Out of Date;  Where Are The Customs duties?
September 5 DATA PLAYING CATCH UP Payroll Survey Starts Incorporating "real" Data;  But Still Too Strong;  Wage Revision Coming;  Withheld Taxes Suggest Slower Wage Growth;  Consumers Worry about Wages & Unemployment;  Uncertainty Stubbornly High. 
September 4 BEST OF MOMENTUM Coneumer Spending Highlights
September 1 WATCH HOUSING! Spending Looks Overstated;  Mood Rebound Fades Again;  Consumers reject higher Prices;  How Much Merchandise On Hand?;  Housing 
Decline Spreading  


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