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Real Personal Consumption Rose Solidly in Q2

Real Personal Consumption Rose Solidly in Q2 Real personal consumption rose solidly in Q2, suggested by control group sales which rose 0.7%. Retail sales rose a solid 0.4% in June, despite a huge 2.8% drop in sales at gasoline stations.  Wells Fargo Industrial Production Flat in June Industrial production was flat in June as a droop [...]

2019-07-23T20:52:48+00:00

Construction Spending Fell 0.8% During May

Construction Spending Fell 0.8% During May Construction spending fell 0.8% during May and broad-based declines overshadow upward revisions to prior months' spending. Residential remains weak while public spending continues to boost nonresidential. Wells Fargo The Institute for Supply Management June 2019 Report on Business The report shows economic activity expanded in June and the overall [...]

2019-07-05T17:51:22+00:00

Consumer Confidence Hit Lowest Level Since September 2017

Consumer Confidence Hit Lowest Level Since September 2017 After two consecutive months of improvement, in June Consumer Confidence hit lowest level since September 2017." Said Lynn Franco, Senior Director of Economic Indicators at the Conference Board The Conference Board Consumer Confidence Index declined in June, following a May increase. The Present Situation Index, based on consumers' [...]

2019-07-05T18:39:45+00:00

General Business Conditions Index Largest Monthly Decline on Record

General Business Conditions Index Largest Monthly Decline on Record The headline general business conditions index largest monthly decline on record plummeted twenty-six points in June, according to the Federal Reserve Bank of New York Empire State Manufacturing Survey for June 2019 and business activity took a sharp downturn, according to firms responding to the survey. [...]

2019-06-24T17:07:34+00:00

Industrial Production Rebounded

Industrial Production Rebounded in May Industrial production rebounded 0.4 percent in May, its first increase this year. Challenges remain for the manufacturing sector which will likely keep the trend in industrial production weak. Wells Fargo US Drill Rigs Running Dropped Last Week The number of drill rigs operating in the USA dropped by 9 last [...]

2019-06-19T18:15:57+00:00

New Orders Increased for First Time in 3 Months

New Orders Increased for First Time in 3 Months New Orders increased for the first time in three months, but the increase was not large enough to offset last month's fall. Production picked up to match its three-month average but was significantly below its twelve-month average. The rise in business confidence was led by Production and [...]

2019-06-10T19:39:32+00:00

Consumer Confidence Index Improved The Conference Board Consumer Confidence Index improved in May, following an increase in April. Consumer confidence posted another gain in May and is now back to levels seen last fall when the index was hovering near 18-year highs." Said Lynn Franco, Senior Director of Economic Indicators at the Conference Board. US [...]

2019-06-10T20:03:17+00:00