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Surveys from the New York and Philadelphia Federal Reserve Banks point to robust economic activity and upbeat expectations about the future in their regional economies. The Empire State Manufacturing Survey’s general-business-conditions index shows a n …
READ MOREThe Consumer Price Index rose 0.1 percent in July and is up 1.7 percent from a year ago. The volatile food and energy components had contrasting results, with food prices up 0.2 percent while energy prices fell 0.1 percent. In the food category, food-s …
READ MOREProducer prices were mostly lower in July. The producer price index for final demand fell 0.1 percent as the goods index fell 0.1 percent and services fell 0.2 percent. Within the goods category, food prices were unchanged in July and energy prices fel …
READ MOREProductivity, or output per hour, for the nonfarm business sector increased 0.9 percent at an annual rate in the second quarter, up from a 0.1 percent pace in the first quarter. Over the past four quarters, productivity increased 1.2 percent. Productiv …
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The AIER Business Cycle Conditions Leaders index rebounded in July to a reading of 83 from 75 in the prior month. The Coinciders index remained at a perfect 100 for a fifth month while the Laggers index dropped to 50 from 58 in June (chart 1). The rebo …
READ MOREA record 6.16 million positions were open at the end of June, according to the Bureau of Labor Statistics, up from 5.70 million at the end of May. Private-sector employers had a record 5.59 million vacancies to fill, up from 5.17 million in May. For th …
READ MOREPayrolls in the United States rose by 209,000 in July, the second monthly gain above 200,000 in a row. Most, but not all, of the information in the July report was positive and provides evidence for a continuing economic expansion. First, the good news …
READ MOREFollowing Tuesday’s report from the Institute for Supply Management suggesting that the manufacturing sector expanded at a slightly slower pace in July, yesterday’s report from the ISM suggests a similar performance for the non-manufacturing sector. Th …
READ MOREThe manufacturing sector’s Purchasing Managers’ Index registered a 56.3 reading in July, down from 57.8 in June. The PMI and most of the components remain at solidly favorable levels despite small declines in the latest month. For this index, 50 is neu …
READ MOREThe initial estimate for second-quarter real gross domestic product shows the economy expanded at a 2.6 percent annualized rate, up from a revised 1.2 percent pace in the first quarter. The 2.6 percent growth rate is solidly above the 2.1 percent avera …
READ MORENew orders for nondefense aircraft and parts surged 131.2 percent in June to $25.3 billion, the third-highest on record. The backlog of unfilled orders rose $13.3 billion to $585.6 billion, just 4.3 percent below its all-time record reached in 2014. Th …
READ MOREConsumer confidence as gauged by The Conference Board’s consumer-confidence survey improved in July, rising to 121.1 from 117.3 in June. The result differs from the slightly lower consumer-sentiment data from the University of Michigan released last we …
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