Topic: Business Conditions

Consumer Sentiment Rebounded Slightly in Early December

– December 13, 2021

“Consumer sentiment rebounded in early December but remains depressed. Consumers are concerned about rising prices for many consumer goods and the impact of rising prices on future inflation-adjusted incomes.” ~ Robert Hughes

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AIER’s Everyday Price Index Posts Its 12th Consecutive Increase

– December 13, 2021

“AIER’s Everyday Price Index posted its 12th consecutive increase in November, pushing the 12-month gain to the highest since 2008. Shortages of supplies and materials, logistical and supply chain issues, and labor problems are sustaining upward price pressures. Recurring waves of new Covid cases will likely compound the difficulties.” ~ Robert Hughes

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AIER Leading Indicators Index Holds at the Neutral 50 Mark

– December 10, 2021

“The AIER Leading Indicators index held steady in November, coming in at a neutral 50 for a second month. The result suggests continued economic expansion, but with elevated risks due to sustained upward pressure on prices and recurring waves of new Covid cases.” ~ Robert Hughes

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Weekly Initial Claims for Unemployment Benefits Fall to the Lowest Level Since 1969

– December 9, 2021

“Weekly initial claims for unemployment benefits fell to a multidecade low. Combined with a record number of open jobs, the data show the labor market remains extremely tight. Labor shortages are likely to continue to hamper production across the economy, sustaining upward pressure on prices” ~ Robert Hughes

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Private-Sector Job Openings Rose in October While Quits Eased; Both Remain Very High

– December 8, 2021

“Job openings and quits remained very high in October. Enticing people back to work would help ease supply problems and reduce upward pressure on prices.” ~ Robert Hughes

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Employment

Payrolls Recovery Stumbles in November

– December 3, 2021

“Payrolls posted a disappointing gain in November. While the outlook is for continued recovery, difficulties hiring may restrain output growth, sustaining upward price pressures for a prolonged period.” ~ Robert Hughes

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Unit Auto Sales Struggle as Shortages Continue

– December 2, 2021

“Light-vehicle sales fell again in November, remaining well below the pre-pandemic range. Component shortages continue to disrupt production causing record low inventories and surging prices.” ~ Robert Hughes

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Weekly Initial Claims for Unemployment Benefits Rise Slightly but Remain Very Low

– December 2, 2021

“Weekly initial claims for unemployment benefits rose slightly from a multidecade low in the prior week. Regardless, claims remain low and the labor market remains very tight.” ~ Robert Hughes

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manufacturing

Strong Demand Continues for the Manufacturing Sector

– December 1, 2021

“Demand for manufactured goods remained very strong in November. Labor difficulties, materials shortages, and logistical issues continue to restrain supply and pressure prices, but there may be early hints of progress on some issues.” ~ Robert Hughes

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Consumer Confidence Edged Lower in November

– November 30, 2021

“Consumer attitudes fell back slightly as inflation fears continued to mount and new waves of Covid cases unsettled consumers. Continued expansion remains the likely course, but threats remain elevated.” ~ Robert Hughes

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Corporate Profits Hit a Record High in the Third Quarter

– November 24, 2021

“Corporate profits hit a record high despite a tight labor market and rising input costs. Companies may be not only passing along higher costs to consumers, but also taking advantage of consumers’ willingness to pay higher prices and boosting profit margins.” ~ Robert Hughes

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New Single-Family Home Sales Remain Brisk but Inventories Rise as Prices Continue to Surge

– November 24, 2021

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

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