Tag Archives: u.s.

February ADP Jobs, Q4 Productivity

Strong Job Gains Reinforce High Odds of March 15 Rate Hike The February ADP Employment Report showed a strong gain of 298,000 private-sector jobs for the month. Productivity increased in 2016Q4 at a 1.3 percent annualized rate. The ADP National … Continue reading

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February ISM MF Index, Jan. Income, Construction Spending, Fedspeak

Likelihood of a March 15 Fed Rate Hike Climbing Quickly The ISM Manufacturing Index increased to 57.7 in February. U.S. Personal Income increased by 0.4 percent in January. The Personal Consumption Expenditure Price Index jumped by 0.4 percent in January. … Continue reading

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Comerica Economic Weekly

U.S. economic data remains positive at the end of a fairly quiet week. January housing data bounced back after a weak December. The Federal Reserve released the minutes of the January 31/February 1 Federal Open Market Committee. We heard more … Continue reading

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January Existing Home Sales, Fed Minutes

Sales Bounce Back After December Dip Existing Home Sales increased by 3.3 percent in January to a 5,690,000 unit annual rate. Fed minutes show concern about communication strategy. Existing home sales bounced back in January, gaining 3.3 percent, to a … Continue reading

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January Residential Construction, February UI Claims

Single-Family Rising, Multifamily Heading into Third Year Range-Bound Housing Starts dipped in January by 2.6 percent to a 1,246,000 unit annual rate. Permits for new residential construction increased by 4.6 percent to a 1,285,000 unit pace in January. Initial Claims … Continue reading

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January Retail Sales, Consumer Price Index, Industrial Production

 Consumers Undeterred by Higher Prices January Retail Sales increased by 0.4 percent, boosted by higher gasoline prices. Retail Sales Ex-Autos increased by 0.8 percent in January. The Consumer Price Index gained 0.6 percent in December, on higher energy prices. Industrial … Continue reading

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January PPI, Small Business Confidence, Fedspeak

Producer Prices Hotter than Expected, Fed Hike Earlier? The Producer Price Index for Final Demand increased by a greater-than-expected 0.6 percent in January. Core Producer Prices gained a calmer 0.2 percent. The NFIB’s Small Business Optimism Index remained high, at … Continue reading

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Comerica Economic Weekly

It was a light week for U.S. data but rumblings from Washington elevated the stock market. President Trump suggested that the framework of his proposed tax overhaul would be made public soon. Also, deregulation was in the news with discussion … Continue reading

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Comerica Economic Weekly

It was a busy week for U.S. economic data, the majority of which was positive and consistent with an ongoing moderate economic expansion through the first quarter of 2017. The big non-news for the week was the Federal Reserve monetary … Continue reading

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January U.S. Employment, ISM Non-Manufacturing

 Job Growth Better Than Expected but Wage Gains Tepid Payroll Employment increased by 227,000 jobs in January, exceeding expectations. The Unemployment Rate for January ticked up again, to 4.8 percent. Average Hourly Earnings increased by just 0.1 percent for the … Continue reading

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