The Federal Reserve’s index for industrial production volume rose by 0.8%, the fourth consecutive month of strong expansion. … READ MORE >
U.S. retail sales: A solid month of growth
Retail sales in the United States rose by 0.9% in April from a month earlier, the U.S. Census Bureau reported on Tuesday. … READ MORE >
Why excess labor demand is unhealthy
We believe the imbalance in the labor market should prompt companies to reassess their growth potential, and as a result, their demand for labor. … READ MORE >
RSM US Supply Chain Index: Bracing for more disruptions
Widespread lockdowns in China and prolonged geopolitical conflict in Ukraine will most likely assure another round of supply chain snarls ahead. … READ MORE >
Chart of the day: Manufacturing grew at a slower rate in April
Manufacturing grew at a slower rate in back-to-back months as labor shortages continued to hamper production while demand moderated from January’s high. … READ MORE >
Consumers spent more in March despite rising inflation
American consumers defied rising inflation and market uncertainties in March, continuing to spend more on goods and services as their wages increased and they saved less. … READ MORE >
Chart of the day: Initial jobless claims ease amid tight labor market
New claims for jobless benefits fell by 5,000 last week to 180,000 as labor demand continued to be robust and layoffs remained historically low. … READ MORE >
Pending home sales fell back to pre-pandemic level amid rising rates
U.S. pending home sales fell 1.2% in March, declining for the fifth month in a row, as demand continued to slow due to high prices and rising mortgage rates. … READ MORE >
Consumer confidence declines slightly as new home sales fall 8.6%
Consumer confidence eased in April despite an uptick in expectations, the Conference Board reported on Tuesday.
… READ MORE >
Durable goods orders bounced back in March
Orders for durable goods bounced back in March despite interest rate hikes and supply shocks from geopolitical conflict. The top-line durable goods orders increased by 0.8% in March. … READ MORE >