Consumer Spending Bounced Back In March After declining in both January and February, consumer spending bounced back solidly in March, rising 0.4 percent. Personal income rose slightly less, climbing 0.3 percent, causing the saving ratio to slip back to 3.1 percent. Wells Fargo Excerpts from a Wall Street Journal editorial (Business Carries the Economy) in [...]
Chicago Business Barometer at Highest Level Since 2011 The Chicago Business Barometer at its highest level since 2011, rose to 67.6 in December. On a calendar quarter basis, the Barometer rose to 65.9 in Q4 from 61.0 in Q3, the best quarterly performance since Q1 2011 and only the second time in the last decade [...]
The MNI Chicago Business Barometer Hit Highest Level in Over Three Years Increasing to 65.7 in June from 59.4 in May, the MNI Chicago Business Barometer hit highest level in over three years. New Orders hit their highest level since May 2014 and the order Backlogs component hit its highest level since July, 1994. Manufactured [...]
The Midwest Economy Index Increased to Highest Value Since June 2014 The Midwest Economy Index increased in April to +0.70 from +0.61 in March, reaching its highest value since June 2014. What do the index numbers mean? A zero value for the MEI has been associated with the Midwest economy expanding at its historical trend [...]
MNI Chicago Business Barometer Increased to Highest Level Since January 2015 The MNI Chicago Business Barometer increased in April to its highest level since January 2015. Optimism among firms about business conditions rose for the third month in a row. The April Chicago report showcased another impressive month with firms reporting solid growth. Rising demand [...]
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, [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
US Raw Steel Production Jumped 1.9% Last Week US raw steel production jumped 1.9 percent last week as mills operated at an ACUR of 73.3 percent. In the corresponding week last year mills operated at an ACUR of 68.7 percent. On the year mills have produced prox 7,000,000 tons compared to the prox 6,500,000 tons [...]
Overall Economy Grew for the 90th Consecutive Month The Institute for Supply Management (ISM) released its November Report on Business: economic activity in the manufacturing sector expanded in November and the overall economy grew for the 90th consecutive month, say the nation's supply executives in the latest report. The November PMI registered 53.2 percent, an [...]
