U.S. Economic Developments

U.S. Housing Starts Decline Sharply during June

07/18/18: 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 sharply during June. Specifically, the Department...

U.S. Retail Sales Rise Modestly during June

07/16/18: Data released today by the U.S. Department of Commerce indicate that sales at U.S. retail stores rose modestly during June, as compared to the prior month. Specifically, the Department reported that U.S. retail stores...

Americans’ Economic Sentiment and Expectations Deteriorate

07/13/18: The University of Michigan announced today that its early-July survey of U.S. households regarding their personal financial situations, job prospects and overall economic sentiment indicates that Americans, in the...

U.S. Retail Prices Accelerate for Fifth Consecutive Month

07/12/18: Data released today by the U.S. Department of Labor indicate that the year-over-year rate of increase in the price of a broad group of U.S. household goods and services, as represented by the Department’s Consumer...

Small Business Optimism Remains Near Historic Highs

07/10/18: The National Federation of Independent Business (“NFIB”) reported today that its June survey of business owners of U.S. companies that employ fewer than 500 people indicates that the optimism of those persons remained...

U.S. Employers Create 213,000 New Jobs during June

07/06/18: The U.S. Department of Labor reported today that U.S. employers created 213,000 new jobs, on a seasonally-adjusted basis, during June, down from 244,000 during May. According to the Department, 23% of all new jobs were...

U.S. Manufacturing Activity Accelerates during June

07/02/18: The Institute of Supply Management (“ISM”) reported today that its June survey of purchasing managers at U.S. manufacturing companies indicates that manufacturing activity in the United States accelerated during June...

U.S. Personal Spending Declines during May

06/29/18: Data released today by the U.S. Department of Commerce indicate that personal spending in the United States declined during May in spite of the fact that personal incomes rose. Specifically, the Department of Commerce...

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

06/28/18: Data released today by the U.S. Department of Commerce indicate that the U.S. economy expanded at a slower pace for the first quarter of 2018 than the Department had estimated previously, with that data showing that...

Consumer Confidence Worsens Modestly during May

06/26/18: The Conference Board reported today that its June survey of U.S. households regarding their personal financial situations, employment prospects and outlook for the U.S. economy worsened modestly during May, as compared...

New Home Sales Rise Sharply during May

06/25/18: Data released today by the U.S. Department of Commerce indicate that sales of newly-constructed U.S. homes (“new home sales”) rose sharply during May after declining during April. Specifically, the Department of...

Manufacturing Activity Slows in Philadelphia Area

06/21/18: The Federal Reserve Bank of Philadelphia reported today that its June survey of purchasing managers at manufacturing companies located in the tri-state area of Pennsylvania, Delaware and southern New Jersey indicates...

Existing U.S. Home Sales Decline for Second Consecutive Week

06/20/18: The National Association of Realtors reported today that sales of previously-owned U.S. homes (“existing home sales”) declined, on a seasonally-adjusted basis, for the second consecutive month during May after peaking...

New Housing Starts Rise to Highest Level Since July 2007

06/19/18: Data released today by the U.S. Department of Commerce indicate that initial work on the construction of new U.S. homes (“new housing starts”) rose during May to the highest level since July 2007. On a negative note,...

NAHB Housing Market Index Continues to Trend Lower

06/18/18: The National Association of Homebuilders (“NAHB”) reported today that its housing market index, which is based on recent sales of newly-constructed single-family homes, homebuilders’ expectations for home sales for the...

U.S. Retail Sales Increase at Fastest Rate in Seven Months

06/14/18: Data released today by the U.S. Department of Commerce indicate that sales at U.S. retail stores rose during May at the fastest year-over-year rate since November 2017, increasing by 3.1%, on an inflation- and...

U.S. Factory Orders Decline Modestly during April

06/04/18: The U.S. Department of Commerce reported today that new orders for goods produced at U.S. manufacturing companies (“factory orders”) declined modestly during April, as compared to the prior month. Specifically, the...

U.S. Private-Sector Job Growth Slower than Estimated Initially

05/30/18: Data released today by Automatic Data Processing indicate that U.S. private-sector employers created fewer jobs over the past few months than that provider of payroll services had estimated initially. Specifically, ADP...

Americans Remain Optimistic About the U.S. Economy

05/29/18: The Conference Board reported today that its May survey of thousands of Americans regarding their personal financial situations, employment prospects and outlook for the direction of the U.S. economy for the next six...

Existing Home Sales Decline during April

05/24/18: The National Association of Realtors (“NAR”) reported today that sales of previously-owned U.S. homes (“existing home sales”) declined by 2.5% during April, on a seasonally-adjusted basis, as compared to...

New Home Sales Decline during April

05/23/18: The U.S. Department of Commerce reported today that sales of new U.S. homes declined modestly during April, falling by 1.5%, on a seasonally-adjusted basis, as compared to the prior month. However, in comparison to the...

Philadelphia Area Manufacturing Activity Increases Sharply

05/17/18: The Federal Reserve Bank of Philadelphia reported today that its early-May survey of purchasing managers at manufacturing companies located in the tri-state area of Pennsylvania, southern New Jersey and Delaware...

New Housing Starts Decline during April

05/16/18: The U.S. Department of Commerce reported today that initial work on the construction of new, privately-owned U.S. homes (“new housing starts”) declined by 3.7% during April, as compared to the prior month. In...

U.S. Consumer Price Index Rises Modestly during April

05/10/11: The U.S. Department of Labor reported today that its consumer price index (“CPI”) for the United States, which is based on the average price for a broad group of household goods and services, rose modestly during...

U.S. Inflation Statistics Give Mixed Signals

05/09/18: Data released today by the U.S. Department of Labor give mixed signals regarding U.S. inflation, with the Labor Department reporting that its index for a broad group of raw commodities rose during April at a slower...

Small Business Economic Sentiment Remains Near Historic Highs

05/08/18: The National Federation of Independent Business (“NFIB”) reported today that its April survey of U.S. small businesses indicates that the economic sentiment of small business executives and owners remained during April...

U.S. Installment Debt Increases during March

05/07/18: The Federal Reserve reported today that U.S. installment debt rose by 5.1% during March, as compared to the same month a year ago. That’s the biggest percentage increase in installment debt since August 2017. March’s...

U.S. Employers Create 164,000 Non-farm Jobs during April

05/04/18: The U.S. Department of Labor reported today that U.S. employers created 164,000 non-farm jobs, on a seasonally-adjusted basis, during April, following the creation of 135,000 jobs during the prior month. According to...

U.S. Personal Spending Slows for Fourth Consecutive Month

04/30/18: Data released today by the U.S. Department of Commerce indicate that Americans reined in their spending for the fourth consecutive month during March, as their personal incomes grew at a slower pace for the second...

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 United...

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...

Loading