Labor Market Information - 2004 Archived Consumer Sector Scorecard

2004 Consumer Sector Economic Scorecard - State of Connecticut

Benchmarked March 2012

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Critical to the health of the National and State economies is the ability of consumers to buy the goods and services being offered for sale by businesses. In turn, consumer demand is predicated on the willingness and ability of buyers to make purchases. Signals on consumers’ ability to buy are usually found in the levels, changes from the previous period, and year-to-year changes, of quarterly personal income #1, and quarterly wages and salaries #2, and in the prime rate #4 and conventional mortgage rates #5. Their willingness is reflected in their actual behavior. That is, are they actually making purchases? The most timely indicator that sends a signal about actual consumer behavior, at the state level, is sales tax revenue #3 activity. For charts, trends and data for the five consumer economic indicators and historical totals follow the column header links or "trends" buttons.


Personal Income Quarterly

Month	2003	2004
Jan	148,871	156,120
Feb	148,871	156,120
Mar	148,871	156,120
Apr	151,097	159,590
May	151,097	159,590
Jun	151,097	159,590
Jul	152,149	163,386
Aug	152,149	163,386
Sep	152,149	163,386
Oct	155,209	166,617
Nov	155,209	166,617
Dec	155,209	166,617


Wages & Salaries Quarterly

2003	2004
77,416	81,341
77,416	81,341
77,416	81,341
78,399	81,870
78,399	81,870
78,399	81,870
78,912	83,837
78,912	83,837
78,912	83,837
79,929	86,135
79,929	86,135
79,929	86,135


Sales Tax Revenue

2003	2004
335.0	361.8
205.1	210.2
210.5	215.2
264.4	277.9
243.3	244.9
245.3	252.7
297.6	322.9
242.3	253.9
248.0	250.3
289.5	303.2
249.5	252.4
244.7	258.2


Prime Interest Rate

2003	2004
4.25%	4.00%
4.25%	4.00%
4.25%	4.00%
4.25%	4.00%
4.25%	4.00%
4.22%	4.01%
4.00%	4.25%
4.00%	4.43%
4.00%	4.58%
4.00%	4.75%
4.00%	4.93%
4.00%	5.15%


Conventional Mortgage Rates

2003	2004
5.92%	5.74%
5.84%	5.64%
5.75%	5.45%
5.81%	5.83%
5.48%	6.27%
5.23%	6.29%
5.63%	6.06%
6.26%	5.87%
6.15%	5.75%
5.95%	5.72%
5.93%	5.73%
5.88%	5.75%


Consumer Scorecard Totals [(Up/Total)-(Down/Total)]x100=Net

Total	Up	Down	NC	Net %
5	5	0	0	+100%
5	5	0	0	+100%
5	5	0	0	+100%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%
5	3	2	0	+20%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%
5	4	1	0	+60%