Taken all together, the reports during the past two weeks have been mixed. Consumer confidence declined again but remains elevated and with strong job gains, consumers continue to spend as evidenced by higher light vehicle sales. The consumer side...
The reports were fairly positive this week. This is especially the case for the housing reports which exceeded expectations. This end-use market may very surprise to the upside during the coming quarters. The Philly Fed business survey indicated...
The reports this week were mixed. On the consumer side, retail sales came in slightly ahead of expectations with gains across several categories. Led by energy, prices rose at the consumer and wholesale level, but were lower for imported goods....
The reports this week were mixed. Consumer debt continued to advance (entirely on increases in non-revolving debt) and on an annual basis is growing faster than consumer spending. Following two months of increases, vehicle sales eased at the...
The reports this week were mixed. The employment report was positive and showed that payrolls continued to expand through October. Wage gains continued to outpace inflation which supports consumer spending. With more entrants into the labor force,...
