Recent Updates
- Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100** Estonia: Consumer Loans, Leasing Portfolio (Aug); Deposits (Aug)
- Poland: Wages & Employment, Coal Production, Wholesale Sales, Industrial New Orders (Aug), International Trade (Jul), Business Tendency Survey (Sep); Russia: Foreign Cash Flow through Authorized Banks (Jul)
- Spain: International Detailed Trade (Jul)
- France: (INSEE) Services Survey (Sep)
- Sweden: Export and Import Price Index (Aug);
- more updates...
Economy in Brief
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September...
FIBER: Industrial Commodity Prices Weaken
The FIBER Industrial Materials Price Index eased 0.3% during the last four weeks...
EMU Sinks on New Flash PMI Readings
The EMU PMI sank to its cyclical low in mid-2016 then hit its cycle higher in 2018...
U.S. Financial Accounts See Borrowing Ease with Downswing in Federal Government Needs
Borrowing in U.S. financial markets slowed in Q2 2018...
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
by Tom Moeller September 21, 2005
In 2Q, the net worth of the US household sector improved 1.9% (9.4% y/y) to a record $49.8 trillion. The gain lifted net worth not to a historical high versus income, but the highest in four years (5.5 times).
Household sector asset values rose 9.7% y/y due to a 13.8% rise in the value of real estate holdings. Financial asset values rose 7.1%, still half the gain in 2003 and held back by higher interest rates which reduced the growth in Treasury security holdings to a negative 2.2% y/y. Money market share values also fell by 4.8%. Higher prices in the stock market helped lift the value of mutual fund shares by 14.0% but the value of corporate equities held directly fell 1.9%.
Growth in total credit market debt outstanding moved slightly higher to 8.5% y/y. Growth in the federal government debt slowed a bit to 7.3% y/y but US household debt growth continued strong at 10.6% y/y while non-financial corporations debt grew a faster 6.9% y/y.
| Flow of Funds | % of Total | 2Q 05 (AR) |
1Q 05 (AR) |
2004 |
2003 |
2002 |
|---|---|---|---|---|---|---|
| Total Credit Market Debt Outstanding | 7.9% | 7.3% | 8.2% | 8.9% | 7.7% | |
| Federal Government | 12% | -3.7% | 15.9% | 9.0% | 10.9% | 7.6% |
| Households | 28% | 10.6% | 9.7% | 11.1% | 10.4% | 9.8% |
| Nonfinancial Corporate Business | 14% | 7.3% | 6.4% | 4.8% | 3.3% | 0.6% |
| Financial Sectors | 32% | 9.0% | 4.7% | 7.3% | 10.3% | 9.2% |
| Net Worth: Households & Nonprofit Organizations (Trillions) | $49.8 | $48.9 | $48.3 | $44.1 | $39.1 | |
| Tangible Assets | $23.9 | $23.2 | $22.5 | $20.0 | $18.4 |
