U.S. Economic Developments

U.S. Existing Home Sales Rise for Second Consecutive Month

04/23/18: The National Association of Realtors (“NAR”) reported today that sales of previously-owned U.S. homes (“existing home sales”) rose, on a seasonally-adjusted basis, for the second consecutive month during March,...

U.S. Leading Economic Indicators Continue to Trend Higher

04/19/18: The Conference Board announced today that its index of leading economic indicators (“LEI”) for the United States continued to trend higher during March, increasing for the 19th consecutive month. Separately, the...

New Housing Starts Rebound during March

04/17/18: The U.S. Department of Commerce reported today that initial work on the construction of new, privately-owned U.S. homes (“new housing starts”) rose by 10.9%, and that the number of building permits issued for new...

U.S. Retail Sales Rebound during March

04/16/18: The Federal Reserve reported today that sales at U.S. retail stores rebounded during March, increasing by 2.1%, as compared to the same month a year ago. Looking forward, there’s a good chance that U.S. retail sales...

Americans’ Economic Sentiment Worsens Over Trade Concerns

04/13/18: The University of Michigan reported today that its mid-April survey of Americans regarding their personal financial situations, employment prospects and overall outlook for the U.S. economy worsened a bit during the...

U.S. Auto Sales Rebound during March

04/03/18: Data released today by AutoData Corporation indicate that sales of automobiles in the United States rebounded during March after declining during each of the two prior months. Specifically, data released by AutoData...

Durable Goods Orders Rebound, New Home Sales Decline

03/23/18: Data released today by the U.S. Department of Commerce indicate that new orders for durable goods produced at U.S. factories rebounded during February after declining during January. Specifically, the Department of...

New U.S. Housing Starts Decline during February

03/16/18: Data released today by the U.S. Department of Commerce indicate that initial work on the construction of new, privately-owned U.S. homes (“new housing starts”) declined on a seasonally-adjusted basis by 7% during...

U.S. Manufacturing Activity Somewhat Mixed

03/15/18: Data released today by the Federal Reserve Banks of New York and Philadelphia indicate that manufacturing activity in those regions of the United States was somewhat mixed over the past four weeks. Specifically, the...

Small Business Optimism Rises to Highest Level since 1983

03/13/18: The National Federation of Independent Business (“NFIB”) announced today that its Small Business Optimism Index, which is based on monthly surveys of thousands of small U.S. business owners regarding their economic...

U.S. Employers Create Most New Jobs since July 2016

03/09/18: Data released today by the U.S. Department of Labor indicate that U.S. employers created the most new non-farm jobs during February since July 2016, with non-farm payrolls increasing by 313,000, on a...

Chicago Business Barometer Declines during February

02/28/18: MNI Indicators reported today that its Chicago Business Barometer™, which is based on surveys of purchasing managers at Chicago-area manufacturing companies, and is designed to predict future changes in the...

U.S. Durable Goods Orders Decline during January

02/27/18: The U.S. Department of Commerce reported today that new orders for durable goods produced at U.S. factories, such as household furniture, automobiles and office machines, declined during January, falling, on a...

U.S. Leading Economic Indicators Rise Sharply during January

02/22/18: U.S. indices of leading economic indicators rose sharply during January, with The Conference Board reporting today that its Index of Leading Economic Indicators (“LEI”) for the United States rose for the 17th...

New U.S. Housing Starts Resume Uptrend during January

02/16/18: Data released today by the U.S. Department of Commerce indicate that initial work on the construction of new, privately-owned homes (“new housing starts”) rebounded during January, after declining during the prior...

U.S. Industrial Production Declines during January

02/15/18: Data released today by the Federal Reserve indicate that industrial production at U.S. factories, mines and utilities declined modestly during January, on a seasonally-adjusted basis, dropping by 0.1%, as compared to...

U.S. Retail Sales Fall Sharply during January

02/14/18: Data released today by the U.S. Department of Commerce indicate that sales at U.S. retail stores fell sharply during January, declining, on an inflation- and seasonally-adjusted basis, by 1.2%, as compared to the prior...

Small Business Optimism Rebounds during January

02/13/18: The National Federation of Independent Business (“NFIB”) announced today that its Small Business Optimism Index, which is based on monthly surveys of thousands of small business owners in the United States, and is...

U.S. Household Credit Rises for Second Consecutive Month

02/07/18: Data issued today by the Federal Reserve indicate that Americans increased their borrowing for the purchase of long-lasting durable goods (i.e. household furniture, appliances and automobiles) for the 24th consecutive...

U.S. Non-Manufacturing Activity Accelerates during January

02/05/18: The Institute of Supply Management reported today that its January survey of executives at U.S. non-manufacturing companies indicates that economic activity in that sector of the economy accelerated during January,...

U.S. Employers Create 200,000 Non-farm Jobs during January

02/02/18: The U.S. Department of Labor reported today that U.S. employers created 200,000 non-farm jobs, on a seasonally-adjusted basis, during January. That’s the third time during the past four months that U.S. employers...

Consumer Confidence Increases during January

01/30/18: The Conference Board reported today that its Consumer Confidence Index, which is based on monthly surveys of American households regarding their current sentiment and future expectations of their financial situations,...

U.S. Economy Grows at Slower Pace for Fourth Quarter of 2017

01/26/18: Data released this morning by the U.S. Department of Commerce indicate that the United States’ economy grew at a slower annualized pace for the fourth quarter of 2017 than during the prior quarter. Specifically, the...

U.S. New Home Sales Fall Sharply during December

01/25/18: Data released today by the U.S. Department of Commerce indicate that sales of newly-constructed U.S. homes (“new home sales”) fell sharply during December, declining, on a seasonally-adjusted annual basis, by 9.3%, as...

Existing Home Sales Decline during December

01/24/18: The National Association of Realtors reported today that sales of previously-owned U.S. homes (“existing home sales”) declined during December after increasing sharply during the prior month. Specifically, the NAR...

New U.S. Housing Starts Decline during December

01/18/18: Data released today by the U.S. Department of Commerce indicate that initial work on the construction of new, privately-owned homes (“new housing starts”) declined during December. Specifically, the Department of...

U.S. Industrial Production Accelerates during December

01/17/18: Data released today by the Federal Reserve indicate that industrial production at U.S. factories, mines and utilities accelerated during December, increasing by 3.6%, on a seasonally-adjusted basis, as compared to the...

U.S. Retail Sales Slow during December

01/12/18: Data released today by the U.S. Department of Commerce indicate that sales at U.S. retail stores slowed during December after increasing considerably over the three prior months. Specifically, the Department of...

U.S. Inflationary Pressures Moderate during December

01/11/18: U.S. inflationary pressures moderated during December, with the U.S. Department of Labor reporting today that producer prices rose last month at a slower pace than during the prior month. Specifically, the Department...

Small Business Optimism Declines during December

01/09/18: The National Federation of Independent Business reported today that its December survey of small business owners indicates that the economic optimism of those persons declined during December after rising during...

Non-farm Payrolls Decline on Big Drop in Retail Jobs

01/05/18: The U.S. Department of Labor reported today that only 148,000 non-farm jobs were created in the United States during December, on a seasonally-adjusted annual basis, as the country’s retail sector experienced 20,000...

U.S. Manufacturing Activity Accelerates during December

01/03/17: The Institute of Supply Management reported today that its December survey of purchasing managers at U.S. manufacturing companies indicates that manufacturing activity in the United States rose for the 16th consecutive...

Consumer Confidence Declines, Pending Home Sales Unchanged

12/27/17: The Conference Board reported today that its Consumer Confidence Index, which is based on monthly surveys of thousands of Americans regarding their job prospects, personal financial situations and expectations for the...

U.S. Economy Expands at Slower Pace than Estimated Previously

12/21/17: Data released today by the U.S. Department of Commerce indicate that the U.S. economy expanded at a slower pace for the quarter ended September 30, 2017 than the Department had estimated previously. Specifically, data...

New Housing Starts Rise for Second Consecutive Month

12/19/17: The U.S. Department of Commerce reported today that initial work on the construction of new privately-owned U.S. homes (new housing starts) rose, on a seasonally-adjusted basis, for the second consecutive month during...

U.S. Job Openings Fall Sharply

12/11/17: The U.S. Department of Labor reported today that the number of job openings at U.S. companies fell sharply during October, the latest month for which data are available. Specifically, the Department of Labor reported...

U.S. Employers Create 228,000 Non-farm Jobs during November

12/08/17: The U.S. Department of Labor reported today that, on a seasonally-adjusted basis, U.S. employers created 228,000 non-farm jobs during November, led by gains in the Education and Health Services industry (54,000) and...

U.S. Non-Manufacturing Activity Slows during November

12/05/17: The Institute of Supply Management (“ISM”) reported today that its November survey of purchasing managers at U.S. non-manufacturing companies indicates that economic activity in that sector of the U.S....

U.S. Factory Orders Decline, Manufacturing Activity Slows

12/04/17: The U.S. Department of Commerce reported today that new orders for goods produced by U.S. factories (factory orders) declined during October, the latest month for which data are available, after increasing during each...

U.S. Personal Spending Slows Substantially While Incomes Rise

11/30/17: Data released today by the U.S. Department of Commerce indicate that personal spending in the United States slowed substantially during October. Specifically, the Department of Commerce reported that, on an inflation-...

Consumer Confidence Rises to Highest Level in 18 Years

11/28/17: The Conference Board reported today that its Consumer Confidence Index, which is based on surveys of thousands of Americans regarding their job prospects, personal financial situations and expectations for the future...

U.S. New Home Sales Rise to Highest Level in Ten Years

11/27/17: Data released today by the U.S. Department of Commerce indicate that sales of new U.S. homes rose during October for the second consecutive month and to the highest level since October 2007. Specifically, the...

U.S. Durable Goods Orders Decline Slightly during October

11/22/17: The U.S. Department of Commerce reported today that new orders for long-lasting goods produced at U.S. factories – durable goods orders – declined slightly during October after increasing during each of the two prior...

U.S. Existing Home Sales Rise for Second Consecutive Month

11/21/17: Data released today by the National Association of Realtors (“NAR”) indicate that sales of previously-owned U.S. homes (existing home sales) rose for the second consecutive month during October. Specifically, the NAR...

U.S. Housing Starts Rebound Sharply during October

11/17/17: Data released today by the U.S. Department of Commerce indicate that initial construction on new U.S. homes (new housing starts) rose sharply during October after declining during each of the three prior months....

Small Business Optimism Index Rebounds Modestly

11/14/17 The National Federation of Independent Business reported today that its Small Business Optimism Index, which is based on monthly surveys of thousands of small business owners throughout the United States, rose modestly...

U.S. Economic Sentiment Worsens during Early November

11/10/17: The University of Michigan reported today that its early-November survey of Americans regarding their personal financial situations, job prospects and outlook for the U.S. economy worsened during the first two weeks of...

Productivity Increases Sharply While Unit Labor Costs Decline

11/02/17: Data released today by the U.S. Department of Labor indicate that business productivity – the output per hour of companies’ employees – rose sharply, while unit labor costs – business’s hourly labor costs to produce...

Personal Spending Rebounds Modestly as Incomes Stagnate

10/30/17: The U.S. Department of Commerce reported today that personal spending in the United States rebounded modestly during September after declining during the prior month. Specifically, the Department of Commerce reported...

Pending Home Sales Fall to Lowest Level since January 2015

10/26/17: The National Association of Realtors reported today that the number of contracts signed by prospective homebuyers to purchase a previously-owned U.S. home – pending home sales – declined during September to the lowest...

New Home Sales Rise to Highest Level since October 2007

10/25/17: The U.S. Department of Commerce reported today that sales of new U.S. homes rose sharply during September, increasing to the highest level since October 2007. Specifically, the Commerce Department reported that new...

Existing Home Sales Rebound Modestly during September

10/20/17: The National Association of Realtors (“NAR”) reported today that sales of previously-owned U.S. homes – existing home sales – rose modestly during September after declining during each of the three prior months....

U.S. Industrial Production Rebounds during September

10/17/17: The U.S. Department of Commerce reported today that industrial production at U.S. factories, mines and utilities rebounded during September, after declining during each of the two prior months, rising by 0.3%, as...

U.S. Producer Prices Rise during September

10/12/17: The U.S. Department of Labor reported today that the price of a broad group of raw materials, such as industrial metals, lumber and crude oil, rose during September, with its Producer Price Index increasing by 4.1%, as...

Mortgage Applications Fall for Fourth Consecutive Week

10/11/17: The Mortgage Bankers Association reported this morning that mortgage applications fell for the fourth consecutive week during the week ended October 6, declining by 2.1% as compared to the prior week. Home Sales Headed...

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