The Conference Board Index Shows Consumer Confidence Increased Sharply in March Consumer confidence increased sharply in March to its highest level since December 2000,” said Lynn Franco, Director of Economic Indicators at the Conference Board. “Consumers’ assessment of current business and labor market conditions improved considerably. Consumers also expressed much greater optimism regarding the short-term [...]
The Federal Reserve Bank Raised Its Benchmark Short Term Interest Rate for the First Time in 2016 The Fed expects to lift the short term interest rate faster than previously projected in the coming year. Why? Because they thought Hillary would win and our economy would continue to slog along. However, the Trump administration has destroyed [...]
USA Drill Rigs Running Rose by 10 Last Week to 491 The number of USA drill rigs running rose by 10 last week to 491, led by Texas, up by eight. At this time last year there were 885 American drill rigs (AMM) pulling black gold from the earth. We have got a ways to [...]
Fifth District Survey of Manufacturing Activity for July Improved The Federal Reserve Bank of Richmond released its Fifth District Survey of Manufacturing Activity for July and reports manufacturing activity improved in the month. New orders and shipments increased this month while backlogs flattened. Texas Manufacturing Outlook Survey for July Held Steady The Federal Reserve Bank [...]
CFSBC Manufacturing Activity Index rose to +23 from -19 The Chicago Fed Survey of Business Conditions (CFSBC) activity index increased to -4 from -20 in March, picking up at a moderate pace. The CFSBC Manufacturing Activity Index rose to +23 from -19. Business Activity for New York Manufacturers Expanded in April The Federal Reserve Bank [...]
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 [...]
The Philadelphia Fed Manufacturing Business Survey for April Released 4/16, it indicated manufacturing activity increased modestly in April according to respondents to this month’s Business Outlook Survey. Indicators for general activity and new orders were positive but remained at low readings. The Conference Board Leading Economic Index Friday 4/17: released for the US, it increased [...]
The CFNAI Edged Up in January Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) edged up in January to +0.13 from -0.07 in December. The index’s three month moving average (CFNAI-MA3) ticked down to +0.33 in January from +0.34 in December. January’s CFNAI-MA3 suggests growth in national economic activity was [...]