Consumer Spending Bounced Back In March After declining in both January and February, consumer spending bounced back solidly in March, rising 0.4 percent. Personal income rose slightly less, climbing 0.3 percent, causing the saving ratio to slip back to 3.1 percent. Wells Fargo Excerpts from a Wall Street Journal editorial (Business Carries the Economy) in [...]
The Institute for Supply Management | Report On Business for November Issued on Monday this week: economic activity in the manufacturing sector expanded for the eighteenth month in November and the overall economy grew for the 66th consecutive month say the nations supply executives. The report was issued by Bradley J. Holcomb, CPSM, CPSD, chair [...]
On Friday the government released its third and final estimate of GDP for the 2nd quarter of 2014. It showed GDP in the April, May, June quarter increased at an annual rate of 4.6%. That’s pretty solid growth. This is not the best way to start the week economically: Led by declines in production-related indicators, [...]
The Chicago Fed National Activity Index (CFNAI) The CFNAI edged up to -0.15 in July from -0.23 in June. The index’s 3 month moving average, CFNAI-MA3, increased to -0.15 in July from -0.24 in June marking its fifth consecutive reading below zero. July’s CFNAI-MA3 suggests that growth in national economic activity was below its historical [...]
declines in production related indicators The Chicago Fed National Activity Index (CFNAI) decreased to -0.53 in April from -0.23 in March. The index’s 3 month moving average CFNAI-A3 ticked up to -0.04 in April from -0.05 in March. April’s CFNAI-MA3 suggests that growth in national economic activity was very near its historical trend. The economic [...]
