2019 Second Quarter GDP Increased 2019 Second Quarter GDP Increased. Real gross domestic product increased 2.0 percent in the second quarter of 2019, according to the "third" and final estimate released by the Bureau of Economic Analysis (BEA). Chicago Fed National Activity Index (CFNAI) Rose to +0.10 in August from -0.41 in July Led by [...]
Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]
Small Business Owners Less Optimistic Small business owners less optimistic about the economic outlook, appear to be paring back capital spending and hiring. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1 in August. Wells Fargo US Drill Rigs Running Down Last Week There were 898 drill rigs [...]
Chicago Business Barometer Rose 6 Points in August The MNI Chicago Business Barometer rose 6 points to 50.4 in August. The index has been in contractionary territory for two months prior to this month's gain. Only two of the business activity components saw a monthly decline. The survey still suggests a softer overall tone in [...]
