Topic: Business Conditions

Retail Sales and Consumer Prices Rise in April; Consumer Sentiment Increases in Early May

– May 12, 2017

Economic data released today paint a favorable picture of the economy and support a positive outlook over the next few quarters. Retail sales rose 0.4 percent in April following a 0.1 percent increase in March and a 0.2 percent drop in February. Both F …

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Labor Market Continues to Tighten

– May 11, 2017

Low levels of initial claims, a high number of open positions, and rising numbers of workers quitting jobs for new ones all point to a tight labor market.

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April Jobs Report Preview

– May 3, 2017

The monthly jobs report may be the single most important data release for judging the health of the labor market. Last month, the Bureau of Labor Statistics reported the U.S. economy added just 98,000 jobs in March, well below the recent trend of about 200,000 new jobs per month.

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Durable-Goods Orders May Signal A Rebound in Capital Spending

– April 27, 2017

New orders for durable goods, items intended to last three years or longer, rose 0.7 percent in March, the third monthly increase in a row. Durable-goods orders tend to be volatile from month to month, but the details in the report provide some optimis …

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New Home Sales Rise as Consumer Confidence Ticks Down

– April 25, 2017

Last week, the National Association of Realtors reported a healthy gain in sales of existing single-family homes for March. Today, the Commerce Department reported that sales of new single-family homes also rose in March. Counterbalancing the upbeat ho …

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A Look Ahead to Friday’s 1Q GDP Report

– April 24, 2017

The Commerce Department will release its first estimate of first quarter 2017 gross domestic product on Friday, April 28. Estimates of the growth rate for GDP vary widely leading up to the release of the report. The Federal Reserve Bank of New York pro …

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Home Builder Confidence Declines Slightly but Remains at a High Level

– April 17, 2017

The National Association of Home Builders released its April survey of home builders this morning. The survey is designed to take the pulse of the single-family housing market. The survey asks home builders to rate market conditions for three specific …

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April Business Conditions Monthly

– April 14, 2017

The AIER Business-Cycle Conditions Leaders index rose to 83 in March, the highest level in two and a half years (Chart 1). The Coinciders index rose to a perfect 100, the highest level since September 2015, while the Laggers index pulled back to 83 fro …

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Autos and Gas Drag Retail Sales Down, but Outlook Remains Favorable

– April 14, 2017

Retail sales fell for the second month in a row in March, pulled down by declines in motor vehicle and gasoline sales. Retail sales and sales of food services fell 0.2 percent in March following a 0.3 percent drop in February. Leading the decline was a …

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Americans Feeling Good About the Economy

– April 13, 2017

The University of Michigan’s Survey of Consumers shows that Americans are feeling good about the economy. The Index of Consumer Sentiment rose to 98.0 in mid-April, up from 96.9 in March and 89.0 in April 2016. Those results translate into gains of 1.1 …

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Labor Market Glass Is Half Full

– April 11, 2017

Following last Friday’s jobs report, new labor market indicators show some mixed results but the net take-away is that the labor market has good momentum and the U.S. economy is likely to continue creating jobs at a healthy pace over the next few month …

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Don’t Panic Over Weak March Jobs Report

– April 7, 2017

The headline payroll number from the March jobs report shows a gain of just 98,000 jobs in the month. That number was well below the consensus estimate of 180,000. Adding to the disappointment were net downward revisions of 38,000 to prior month’s gain …

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