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...
This week’s economic reports were limited in number, but positive. Small business optimism improved but still, remains off amid the coronavirus pandemic (and state and local regulations), harsh winter weather, and an uneven economic recovery. The...
This week’s economic reports were positive. Construction spending, semiconductors sales, and factory orders all improved during January and the PMI reports indicate further momentum into February. Light vehicle sales fell back during the month but...
