Consumer Confidence Hit Lowest Level Since September 2017 After two consecutive months of improvement, in June Consumer Confidence hit lowest level since September 2017." Said Lynn Franco, Senior Director of Economic Indicators at the Conference Board The Conference Board Consumer Confidence Index declined in June, following a May increase. The Present Situation Index, based on consumers' [...]
General Business Conditions Index Largest Monthly Decline on Record The headline general business conditions index largest monthly decline on record plummeted twenty-six points in June, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for June 2019 and business activity took a sharp downturn, according to firms responding to the survey. [...]
Industrial Production Rebounded in May Industrial production rebounded 0.4 percent in May, its first increase this year. Challenges remain for the manufacturing sector which will likely keep the trend in industrial production weak. Wells Fargo US Drill Rigs Running Dropped Last Week The number of drill rigs operating in the USA dropped by 9 last [...]
New Orders Increased for First Time in 3 Months New Orders increased for the first time in three months, but the increase was not large enough to offset last month's fall. Production picked up to match its three-month average but was significantly below its twelve-month average. The rise in business confidence was led by Production and [...]
