The Purchasing Managers’ Index inched down to 60.8 in October from 61.1 in September, but still posted the 17th straight month of expansion since April 2020. … READ MORE >
Chart of the day: Wages grew fastest in 20 years
The tight labor market sent worker compensation growth in the third quarter to the highest level in 20 years, posting a 1.3% gain. … READ MORE >
Personal spending grew in September despite mitigating factors
Personal spending grew in September for the second straight month as the extra income from the enhanced Child Tax Credit program continued to offset the impact from the delta variant on consumption demand. … READ MORE >
Chart of the day: Pending home sales dipped in September
The pending home sales index fell 2.3% to 116.7 in September after a strong gain of 8% in August, a sign of a modest pullback in home buying as some purchases are delayed until next year. … READ MORE >
Jobless claims hit pandemic low as labor market recovers
New filings for jobless claims dropped to another pandemic low last week as jobs remain plentiful while employers continue to compete for employees. … READ MORE >
Goods trade deficit hit new low in September amid strong demand
The goods trade deficit set another record low in September at $96.3 billion as American demand remained strong, according to the Census Bureau advance report on Wednesday. … READ MORE >
Chart of the day: Signs of strength in durable goods orders
Durable goods orders fell by 0.4% in September after a strong gain of 1.3% in August. But even with this decline, investment in the private sector as seen in core capital goods orders remained strong, suggesting continued robust growth. … READ MORE >
New home sales highest since March
New home sales increased by 14% in September to 800,000, the highest since March, indicating that strong demand for new houses continued to drive the market. … READ MORE >
Chart of the day: Rising consumer confidence
The headline Consumer Confidence Index rose to 113.8, up from 109.8 in September, as consumers expressed a more buoyant view of the economy, according to Conference Board data released on Tuesday. … READ MORE >
Existing home sales rebounded in September to highest level since February
The sales number was an upside surprise to earlier estimates of 6.1 million units, pointing to a stronger-than-expected housing market last month. … READ MORE >









