Category: Economy

The ISM Non-Manufacturing index rose to 53.4 in January, beating the consensus expected 52.0 (Levels above 50 signal expansion; levels […]

On the surface, there’s much to like about the job market.  But when you get into the details, it’s not […]

Nonfarm payrolls increased 353,000 in January, beating the consensus expected 185,000.  Payroll gains for November and December were revised up […]

The ISM Manufacturing Index increased to 49.1 in January, beating the consensus expected 47.2. (Levels higher than 50 signal expansion; […]

Nonfarm productivity (output per hour) increased 3.2% at an annual rate in the fourth quarter, beating the consensus expected gain […]

The economy is still growing.  Real GDP rose at a solid 3.3% annual rate in the fourth quarter, and consumer […]

Personal income rose 0.3% in December, matching consensus expectations.  Personal consumption rose 0.7% in December (+0.8% including revisions to prior […]

New single-family home sales increased 8.0% in December to a 0.664 million annual rate, beating the consensus expected 0.649 million. […]

New orders for durable goods were unchanged in December (+0.1% including revisions to prior months), lagging the consensus expected +1.5%. […]

Real GDP increased at a 3.3% annual rate in Q4, easily beating the consensus expected 2.0%. The largest positive contribution […]

The economy slowed substantially in the last quarter of 2023 from the rapid pace of the third quarter, but, as […]

Existing home sales declined 1.0% in December to a 3.780 million annual rate, below the consensus expected 3.830 million.  Sales […]

Housing starts declined 4.3% in December to a 1.460 million annual rate, beating the consensus expected 1.425 million.  Starts are […]

Industrial production increased 0.1% in December (-0.2% including revisions to prior months) versus a consensus expectation of -0.1%.  Utilities output […]

Retail sales rose 0.6% in December, beating the consensus expected gain of 0.4%.  Retail sales are up 5.6% versus a […]