Topic: Business Conditions

Drop in Gas Holds AIER’s Everyday Price Index Down in December

– January 12, 2022

“AIER’s Everyday Price Index was unchanged in December as falling motor fuels prices offset other gains. Despite waves of new Covid cases, progress boosting output is being made and that should eventually ease some price pressures.” ~ Robert Hughes

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AIER Leading Indicators Index Remains Neutral for a Third Consecutive Month

– January 11, 2022

“The AIER Leading Indicators index held steady again in December, coming in at a neutral 50 for a third month. The result suggests continued economic expansion but with elevated risks. Shortages of labor and materials continue to sustain upward pressure on prices but there may be some early signs of easing for some of those issues.” ~ Robert Hughes

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Payrolls Recovery Remained Subdued in December

– January 7, 2022

“Payrolls growth disappointed again in December. While the outlook is for continued recovery, difficulties hiring may restrain output growth, sustaining upward price pressures.” ~ Robert Hughes

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Services-Sector Growth May Have Slowed in December

– January 6, 2022

“The services sector expanded for the 19th consecutive month in December. While shortages of labor and materials are continuing to restrain output and sustain upward pressure on prices, some data suggest some pressures may be starting to ease.” ~ Robert Hughes

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Weekly Initial Claims for Unemployment Benefits Remain Low as Labor Market Remains Tight

– January 6, 2022

“Weekly initial claims for unemployment benefits have stabilized at a low level while continuing claims reflect the end of emergency programs. The labor market remains very tight.” ~ Robert Hughes

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Unit Auto Sales Fell in December but Assemblies Rose in November

– January 5, 2022

“Light-vehicle sales fell again in December, but assemblies rose in November. Record low inventories continue but in a possibly positive sign, prices ticked down.” ~ Robert Hughes

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Private-Sector Job Openings Fell in November but Quits Surged

– January 4, 2022

“Job openings fell but quits surged to a record in November. Enticing people back into the workforce could help ease supply problems and reduce upward pressure on prices.” ~ Robert Hughes

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Manufacturing-sector Demand Remains Strong Amid Early Signs of Supply Chain Improvement

– January 4, 2022

“Demand for manufactured goods remained strong in December. Production issues continue to restrain supply and sustain upward pressure prices, but there are early signs of progress on some issues.” ~ Robert Hughes

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Existing-home sales

New Single-Family Home Sales, Inventories, and Prices Rise in November

– December 23, 2021

“New-home sales rose in November, but inventory also rose, and months’ supply remains relatively high. Rising prices, higher mortgage rates, and continued inventory build should lead to slower price increases.” ~ Robert Hughes

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Tech and Aircraft Push Durable-Goods Orders Higher in November

– December 23, 2021

“New orders for durable goods rose, hitting the second-highest level on record while core capital-goods orders were just below a record high. Continued strength for business investment is a positive sign for the economic outlook.” ~ Robert Hughes

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Weekly Initial Claims for Unemployment Benefits Hold at a Low Level

– December 23, 2021

“Weekly initial claims for unemployment benefits are holding at an extremely low level. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices.” ~ Robert Hughes

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Existing Home Sales Remained Strong in November Amid Tight Supply

– December 22, 2021

“Existing-home sales rose in November and supply remains very tight. Shifting housing preferences are likely to continue to impact demand over coming months and quarters.” ~ Robert Hughes

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