Real GDP Increased 3.2% Real Gross Domestic Product (GDP) increased 3.2 percent in the first quarter of 2019, according to the "advance" estimate released by the Bureau of Economic Analysis (BEA). In the fourth quarter of 2018, real GDP increased 2.2 percent. Durable goods orders rose 2.7% in March. Core capital goods orders suggest the [...]
Expansion Still Has Plenty of Fuel in the Tank The expansion still has plenty of fuel in the tank, according to the Monthly Economic Outlook from the Wells Fargo Economics Group. The advance 2nd qtr GDP data not only showed the economy grew solidly in the 2nd qtr but also showed that income growth has [...]
Caterpillar Sales and Profit Forecast Raised Caterpillar sales and profit forecast raised as demand for construction and mining equipment has grown. WSJ Real Gross Domestic Product (GDP) Increased at an Annual Rate of 3.0 Percent Real Gross Domestic Product (GDP) increased at an annual rate of 3.0 percent in the third quarter of 2017, according [...]
Gerdau SA Pushed More Leaded Bar Steel Sales into U.S. Gerdau SA pushed more leaded bar steel sales into the United States, exporting from its Brazilian special steel mills, according to one special bar quality (SBQ) market source. Hot rolled leaded steels have been pushed as a growth niche by Gerdau management, partly as other [...]
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 Dow Crashed the 21,000 Level Wednesday The Dow crashed the 21,000 level after soaring 197 points on Wednesday. Tell me again about the humming economy created by Obama, the super healthcare law created by Obama, the strategy of leading from behind, excessive regulations, higher taxes, doubling the national debt-on nothing. NO…this was wrong for America, [...]
Here was some good news to start the week: Led by improvements in production related indicators, the Chicago Fed National Activity Index (CFNAI) increased to +0.21 in May from -0.15 in April. The index’s three month moving average (CFNAI-MA3) decreased to +0.18 in May from +0.31 in April, marking its third consecutive reading above zero. [...]
The Chicago Business Barometer Released last Friday, it was up 0.2 to 59.8 in February, remaining broadly unchanged. A double digit gain in employment offset declines in new orders, production and order backlogs. Real Gross Domestic Product The output of goods and services produced by labor and property located in the US, increased at an [...]
