This week’s economic reports were upbeat. Retail sales rebounded sharply, aided by stimulus monies, strong job growth and increasing consumer confidence. Housing rebounded as did small business optimism and industrial production. Regional...
This week’s economic reports were few and largely positive. The services PMI exceeded expectations and indicates that the services sectors of the economy most hard hit by the coronavirus lockdowns are now recovering and gaining strength. Consumer...
This week’s economic reports were good. Consumer confidence gained sharply, and light vehicle sales rose to pre-pandemic levels (the only thing holding back sales was a shortage of inventory due to the semiconductor shortage). As indicated by...
This week’s economic reports were few and centered in housing. Between the winter storms in February and relatively lean inventories, it was not surprising that both new and existing home sales fell back. Durable goods orders fell as well. Labor...
This week’s economic reports were decidedly negative and reflect the effects of the winter storm. February reports on retail sales, housing activity, and industrial production indicate that activity in each all fell back. This is likely transitory...
