Economics Group: Weekly Economic & Financial Commentary U.S. Review Q3 Kicks It into High Gear— The factory sector has accelerated, with the ISM manufacturing index surging in August, factory orders showing strength beyond aircraft in July and power & manufacturing leading nonresidential construction spending. — August’s ISM nonmanufacturing index jumped to its highest level in nine […]
Continue ReadingInstant Analysis of Today’s Employment Report for August The August jobs report was a buzz-kill this morning. The labor department reported only +142K net nonfarm jobs were created last month, about 88K jobs short of my expectations. The rationalizing begins with analysts pointing out that seasonal adjustment is very difficult in the month of August […]
Continue ReadingUS Outlook Report: Good Vibes Here Policy Easing There The first round of U.S. economic releases for August have largely beaten analyst expectations, suggesting that much of the economic momentum seen in the second quarter will be sustained in the third. We maintain our U.S. Real GDP forecast at 3.1 percent for the third quarter. […]
Continue ReadingLOGIN CREATE AN ACCOUNT September 2014 CA Exports Falter Following a 16-month stretch of steady growth, California’s export trade faltered in July. The value of the state’s export trade totaled $13.85 billion, down 0.7% from one year prior. The drop-off can be attributed entirely to manufactured goods… Read Full Analysis Now SHARE: Meet Our Experts […]
Continue ReadingUS Outlook Report: Trouble Abroad Left to itself, the U.S. economy appears to be on a solid and sustainable path for growth. The overall strength of U.S. economic data continue to impress analysts with positive surprises far outweighing negative ones so far in August. The Conference Board’s Leading Economic Indicators Index is in the midst […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review Data Details Show Economy Continues to Firm Second quarter GDP was revised higher to a 4.2 percent annualized rate, with the details painting a brighter picture of the economy. Compared to the first release, trade was less of a drag, nonresidential fixed investment was stronger and inventories […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review What Was That Noise? Since Chair Yellen’s comment a few weeks ago that recent price jumps were “noisy,” the discussion about Fed policy has been dominated by concern about a perceived complacency on the part of policy makers. A relatively tame CPI report this week may not […]
Continue ReadingUS Outlook Report: Is Housing Getting Back On Its Feet? A spate of housing indicators released this week revealed some positive developments for the U.S. housing market that has been noticeably absent for much of this summer. Homebuilder confidence is rebounding faster than expected. The National Association of Homebuilders’ (NAHB) housing market index beat consensus […]
Continue ReadingEconomics Group: Weekly Economic & Financial Commentary U.S. Review An Uneven Recovery will Keep the Fed on Hold Retail sales came in unchanged in July, which was below consensus expectations and core sales rose only modestly over the month. The largest declines were in general merchandise, due in part to slower department store sales, and motor […]
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