Business-Cycle Conditions
ISM NMI

ISM Surveys Show Improvement in January

– February 5, 2020

The nonmanufacturing sector expanded in January, complementing the improved results from the manufacturing survey.

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Business-Cycle Conditions
Auto sales

Auto Sales Rebound in January

– February 5, 2020

Auto sales rose in January and remain well within the range extending back to 2000. The healthy pace is a positive sign for consumer spending.

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Business-Cycle Conditions
ISM PMI

Hints of Improvement for Manufacturing

– February 4, 2020

The ISM PMI showed clear improvement in January hinting at a possible turnaround for manufacturing in coming months.

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Business-Cycle Conditions
GDP

Output Growth Holds Steady but Details Look Soft

– January 30, 2020

Real gross domestic product rose at a 2.1 percent annualized rate in the fourth quarter. Details show that persistent economic growth remains dependent on consumers.

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Business-Cycle Conditions
Existing home sales

New- and Existing-Home Sales Diverge in December

– January 27, 2020

New-home sales fell in December while inventory rose. Stronger sales will help avoid cutbacks to future construction.

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Business-Cycle Conditions
Existing home sales

Existing-Home Sales Rose in December But Inventory Remains Tight

– January 22, 2020

Existing-home sales have recovered from a recent dip but are unlikely to move significantly higher in coming months and quarters.

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Business-Cycle Conditions
Retail Sales

Broad-based Gains for Retail Sales in December

– January 16, 2020

Retail-sales and initial-claims data indicate consumer spending is rising, supported by a robust labor market.

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Business-Cycle Conditions
Employment report

December Jobs Gains Disappoint, Suggest Slow Growth

– January 10, 2020

A disappointing December jobs report suggests slow growth for consumer spending and the overall economy.

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Business-Cycle Conditions
auto sales

Auto Sales Slowed in December But Remain in Trend

– January 8, 2020

Auto sales fell slightly in December, but consumer fundamentals and the labor market remain healthy; the outlook remains moderately favorable.

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Business-Cycle Conditions
Employment report

Private Payrolls Expected to Increase in December

– January 8, 2020

ADP estimates 202,000 new jobs were created in December. Overall, the labor market remains solid and the most likely path is for continued expansion.

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