October 2024 U.S. Economic Outlook
In this month’s Economic Outlook, Natalie Gallagher, Principal Economist at Prevedere discusses personal income. Following the Bureau of Economic Analysis (BEA) huge $750bn revision to personal income data she discusses the implications for 2025 planning, and the significant update to the Prevedere Economist Team’s own forecast for Real Disposable Personal Income and other related economic indicators.
Natalie digs into the details to discuss which income and consumer segments contributed to the revision, and the resulting impact fueling upward adjustments to personal income forecasts, consumer behaviour and spending. Natalie summarizes the Prevedere Economist Team’s updated projections across a number of income and spending indicators for your use – and that are now incorporated into the Prevedere Platform’s Global Intelligence Cloud baseline and scenario projections.
Do you know the lead time from when Real Disposable Personal Income (RDPI) changes to the impact on Consumption Expenditures? Natalie shares RDPI’s leading indicator relationship to consumption – a nice planning assumption use case for an external indicator to be incorporated by businesses influenced by consumer spending.
On the agenda:
- Impact of the BEA’s upward revision of personal income data – update your real income growth forecasts
- Leading Indicator Spotlight: Real Disposable Personal Income
- Updated Outlooks: Income on Assets, Proprietors Income, Wage Growth and Personal Savings as a Percent of Disposable Income, Real Personal Consumption Expenditures
- Q&A and Recommendations
Natalie’s recommendations include fine tuning and updating programs, leveraging analytics for targeted marketing. If you’d like Prevedere to identify those indicators that are the most relevant, impactful and are predictive for your business, contact us.
The webinar is on-demand. Contact us if you have questions for Natalie or would like additional information for how our customers leverage our Platform for collecting, tracking, leveraging and predicting key macroeconomic indicators for planning and decision-making.
***
About Prevedere, Inc.
Prevedere is the world’s leading provider of external insights and predictive analytics solutions, combining technology and econometric analysis to deliver actionable intelligence. The Prevedere platform offers a patented AI-driven approach to identifying your most impactful and leading external indicators, constructing forward-looking models, supported by our Global Intelligence Cloud with data from thousands of external sources. Trusted by industry leaders such as Kraft Heinz, Kimberly-Clark, Cargill, and McDonald’s, Prevedere delivers strategic insights for superior risk mitigation and opportunity development.