The ISM’s manufacturing index slowed to 49%, barely above the contraction threshold at 48.7%. It was the third straight decline as demand for manufactured goods stalled. … READ MORE >
Tuan Nguyen
Spending holds strong as inflation moderates in October
Spending rose by 0.8% in October while income increased by 0.7%. After adjusting for inflation, real spending rose by 0.5% and income was up by 0.4%. … READ MORE >
Consumer confidence drops as outlook darkens
The Conference Board’s confidence index dipped to 100.2 in November from 102.2 in the prior month, significantly below the pre-pandemic level at 130. … READ MORE >
Durable goods spending and jobless claims rise
Durable goods orders and shipments posted sharp increases in October, defying recession fears, while jobless claims increased last week. … READ MORE >
RSM US Supply Chain Index returns to pre-pandemic level
Our RSM US Supply Chain Index pointed to supply efficiency for the fourth month in a row, reaching 0.49 standard deviations above neutral in October. … READ MORE >
Housing starts and initial jobless claims give Fed mixed signals
The housing market continued to cool, but not the labor market, government data showed. … READ MORE >
Retail sales surge, easing recession fears for now
Retail sales data surged in October as holiday shopping started early for the second year in a row. … READ MORE >
Consumer sentiment falls as outlook worsens
The University of Michigan’s consumer sentiment index declined by a sharp 5.2 points to 54.7 in the first half of November, slightly above the all-time low in June. … READ MORE >
When will inflation slow? Pay attention to housing.
We estimate that there is an approximately 18-month lag between changes in housing prices and those in the housing inflation components. … READ MORE >
Initial jobless claims inch down amid tight labor market
New filings for jobless benefits inched down by 1,000 last week from 218,000, remaining near their historical lows, according to government data released Thursday. … READ MORE >