Tag Archives: Economic Alert

April Income and Spending, March House Prices:

Consumer Spending Adds to Fed Rate Hike Expectations U.S. Personal Income increased by 0.4 percent in April. After inflation and taxes, Real Disposable Income gained 0.2 percent for the month. Nominal Consumer Spending increased by a strong 1.0 percent in … Continue reading

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January New and Existing Home Sales, December House Prices

Soft Home Sales in the West, but Conditions Look Good for Spring Sales Season New Home Sales for January sagged, down 9.2 percent to a 494,000 unit annual rate. Existing Home Sales in January were essentially unchanged, up 0.4 percent … Continue reading

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January Residential Construction, Producer Prices, Industrial Production

It’s Winter! Housing Snowed Out, Prices Up, Utility Output Up January Housing Starts decreased by 3.8 percent to a 1,099,000 unit annual rate. Permits for new residential construction ticked down by 0.2 percent to a 1,202,000 unit pace. The Producer … Continue reading

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January U.S. Employment, December Trade

Payroll Gains Less Than Expected, But Other Labor Indicators Positive January Payroll Employment increased by a 151,000 jobs, below consensus expectations of 185,000. The Unemployment Rate for January declined to 4.9 percent. The U.S. International Trade Gap widened in December … Continue reading

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January ADP Jobs, ISM Non-MF Index, Auto Sales

Jobs Increasing, Cars Driving, Service Sector Expanding, but at a Slower Rate The January ADP Employment Report showed a gain of 205,000 private-sector jobs. The ISM Non-Manufacturing Index for January dipped again to a still-positive 53.5 percent. January Auto Sales … Continue reading

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January ISM-MF, December Income/Spending, Construction Spending

A Shifting U.S. Economy Struggles to Find Traction This Winter The ISM Manufacturing Index for January increased slightly to 48.2 percent, still indicating contraction. U.S. Personal Income lifted by 0.3 percent in December. Real disposable income gained 0.4 percent. Nominal … Continue reading

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FOMC Statement, December New Home Sales, November House Prices

Fed Keeps Key Interest Rate Unchanged As Expected The Federal Open Market Committee voted today to keep the fed funds target range unchanged. New Home Sales for December surged by 10.8 percent to a 544,000 unit annual rate. The U.S. … Continue reading

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December U.S. Employment

Robust Job Gains in 2015Q4 Support Ongoing Expansion December Payroll Employment increased by a strong 292,000 jobs, well above consensus expectations. Already good October and November payroll levels were revised up by a total of 50,000 jobs. The Unemployment Rate … Continue reading

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December ADP Jobs, ISM Non-MF Index, Auto Sales, November Trade

Data Support Case for Ongoing Momentum in 2016 The December ADP Employment Report showed a strong increase of 257,000 private-sector jobs. The ISM Non-Manufacturing Index for December dipped to a still-positive 55.3 percent. December Auto Sales missed expectations, easing to … Continue reading

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December ISM Manufacturing, November Construction Spending

Manufacturing Sector Contracts for Second Month The ISM Manufacturing Index for December decreased again to a contractionary 48.2 percent. Construction Spending decreased by 0.4 percent in November as public construction eased. The ISM Manufacturing Survey declined in December to 48.2 … Continue reading

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