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New York Business Activity Increased for the First Time in Five Months

New York Business Activity Increased for the First Time in Five Months New York business activity increased for the first time in five months, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey results for April 2023. The headline general business conditions index shot up 35 points. New orders and shipments [...]

2023-05-09T16:11:08-04:00A View|

Consumer Price Index Increased 0.1% in March

Consumer Price Index Increased 0.1% in March The Consumer Price Index (CPI) increased 0.1% in March. Excluding food and energy, consumer prices rose 0.4% last month and 5.6% over the past year. US Raw Steel Production Lower than Previous Week In the week ending 4/8/23 US raw steel production was 1,675,000 net tons at an [...]

2023-05-09T12:39:14-04:00A View|

Existing Home Sales Surged in February 2023

Existing Home Sales Surged in February 2023 Existing home sales surged 14.5% in February as buyers responded to lower mortgage rates. February’s leap was the largest since December 2015, excluding the pandemic era. US Raw Steel Production Up from Previous Week In the week ending 3/18/23 US raw steel production was 1, 686,000 net tons [...]

2023-04-10T12:44:12-04:00A View|

First Estimate of 2022Q4 GDP at 2.9 Percent

First Estimate of 2022Q4 GDP at 2.9 Percent The first estimate of 2022Q4 GDP at 2.9 percent, but drilling into the numbers shows housing in a recession, taking transportation out of the equation leaves GDP growth in a negative position. US Raw Steel Production Up from Previous Week In the week ending 1/21/23, US raw [...]

2023-03-03T10:45:24-05:00A View|

Manufacturing Index Slipped into Correction Territory

Manufacturing Index Slipped into Correction Territory The manufacturing index slipped into correction territory in December, according to the Institute for Supply Management (ISM).  It dipped to 48.4, the lowest number for this factory bellwether since the early days of the pandemic in May 2020. New orders and production were both lower and both were also [...]

2023-01-13T13:32:09-05:00A View|

US Consumer Confidence Index Highest Level Since April 2022

US Consumer Confidence Index Highest Level Since April 2022 The US Consumer Confidence Index highest level since April 2022, increased in December, following back-to-back monthly declines. Growth in Texas factory Activity in December The Federal reserve Bank of Dallas released its Texas Manufacturing Outlook Survey and reports growth in Texas factory activity resumed in December. [...]

2023-01-13T13:14:17-05:00A View|
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