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Small Business Optimism Index Indicates Consistent Economic Growth

Small Business Optimism Index Indicates Consistent Economic Growth The National Federation of Independent Business (NFIB) Small Business Optimism Index indicates consistent economic growth, though it fell modestly in September. Hiring and investment have moderated. US Drill Rigs Running Down From Previous Week There were 855 drill rigs running in the US last week, down 5 [...]

2019-10-14T18:38:01+00:00A View|

The Midwest Economy Index Moved Up in August

The Midwest Economy Index Moved Up in August The Midwest Economy Index (MEI) moved up to -0.26 in August from -0.37 in July. Contributions to the August MEI from three of the four broad sectors of nonfarm business activity and one of the five Seventh Federal Reserve District states increased from July. Chicago Business Barometer [...]

2019-10-07T17:37:32+00:00A View|

2019 Second Quarter GDP Increased

2019 Second Quarter GDP Increased 2019 Second Quarter GDP Increased. Real gross domestic product increased 2.0 percent in the second quarter of 2019, according to the "third" and final estimate released by the Bureau of Economic Analysis (BEA). Chicago Fed National Activity Index (CFNAI) Rose to +0.10 in August from -0.41 in July Led by [...]

2019-10-02T14:57:17+00:00A View|

Industrial Production Surged in August

Industrial Production Surged in August Industrial production surged 0.6% in August, with widespread gains. The 0.5% rise in manufacturing alleviates concerns about the factory sector's slowdown. Wells Fargo Existing Home Sales Beat Expectations Existing home sales beat expectations, rising in August. Wells Fargo Federal Reserve Cut Interest Rates for the Second Time On Wednesday the [...]

2019-10-02T14:38:13+00:00A View|

Small Business Owners Less Optimistic

Small Business Owners Less Optimistic Small business owners less optimistic about the economic outlook, appear to be paring back capital spending and hiring. The National Federation of Independent Business (NFIB) Small Business Optimism Index fell 1.6 points to 103.1 in August.  Wells Fargo US Drill Rigs Running Down Last Week There were 898 drill rigs [...]

2019-09-16T20:12:59+00:00A View|

Chicago Business Barometer Rose 6 Points in August

Chicago Business Barometer Rose 6 Points in August The MNI Chicago Business Barometer rose 6 points to 50.4 in August. The index has been in contractionary territory for two months prior to this month's gain. Only two of the business activity components saw a monthly decline. The survey still suggests a softer overall tone in [...]

2019-09-09T17:58:04+00:00A View|

Chicago Fed National Activity Index Fell in July

Led by Declines in Production-Related Indicators, the Chicago Fed National Activity Index Fell in July Led by declines in production-related indicators, the Chicago Fed National Activity Index fell to -0.36 in July from +0.03 in June. All four broad categories of indicators that make up the index decreased from June, and all four categories made [...]

2019-09-04T16:21:50+00:00A View|

July Retail Sales Surpassed Expectations

July Retail Sales Surpassed Expectations July retail sales surpassed expectations. Rising 0.7 %, gains were broad-based with ten of the thirteen categories seeing an increase in sales over the month. Wells Fargo US Drill Rigs Running Down From Previous Count There were 934 drill rigs operating in the US last week, down 8 rigs from [...]

2019-08-19T17:30:03+00:00A View|

US Raw Steel Production ACUR 81.5 Percent Last Week

US Raw Steel Production ACUR 81.5 Percent Last Week US raw steel production ACUR of 81.5% produced 1,897,000 tons in the week ending August 3, 2019. Thus far this year mills have produced prox 57,945,000 tons compared to the prox 55,279,000 tons produced in the like period last year. US Drill Rigs Running Down From [...]

2019-08-12T18:00:30+00:00A View|

Consumer Sentiment Remains Elevated

Consumer Sentiment Remains Elevated At 98.4, consumer sentiment remains elevated. Confidence has been resilient in the face of trade uncertainty and could be a concern going forward. Personal finances were a bright spot in this month's report. Texas Manufacturing Outlook Survey Reports Factory Activity Continued to Expand in July The Federal Reserve Bank of Dallas [...]

2019-08-07T16:43:20+00:00A View|