BEA Reports Third Quarter GDP Increased According to the “third” and final estimate of third quarter GDP by the Bureau of Economic Analysis (BEA), the value of goods and services produced by the nation’s economy, less the value of goods and services used up in production, adjusted for price changes, the third quarter GDP increased [...]
Declines in Production-Related Indicators Slows Economic Activity Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved down to-0.30 in November from -0.17 in October. The index’s three month moving average (CFNAI-MA3) decreased to -0.20 in November from -0.18 in October. November’s CFNAI-MA3 suggests growth in national economic activity was somewhat [...]
Leading Indicators Show Growth into 2016 The Conference Board Leading Economic Index (LEI) for the US increased 0.4 percent in November following a 0.6 percent increase in October and no change in September. The leading indicators are positive going into the new year. The US LEI registered another increase in November, with building permits, the [...]
Oil Prices Dropped to Their Lowest Levels in 7 Years Oil prices dropped to their lowest levels in 7 years on expectations that producers will continue pumping crude in an already oversupplied market.. WSJ Federal Deficit The federal government incurred a deficit of $64.6 billion in November, bringing the total deficit through the first two [...]
Hope you all had a very nice Thanksgiving holiday... The Federal Reserve Bank of Dallas Texas Manufacturing Outlook Survey Reports Texas Manufacturing Increased Again It reports Texas factory activity increased for the second month in a row in November after exhibiting weakness in the first three quarters. (A glimmer of hope for oil and gas???) [...]