Bank of the West U.S. Outlook Report for April 10, 2015 US Outlook Report: Labor Market Recovery Not So Fast and Furious We already knew the economy has been slowing over the past two quarters. In contrast, labor market indicators have been a beacon of strength and resilience. This has provided the bedrock for macroeconomic […]
Continue ReadingACWA eNews is a weekly roundup of California water news and events. ACWA Special Drought Briefing Slated for April 9; Top-Level Officials to Discuss Drought Actions Submitted by Pamela Martineau on Wed, 04/01/2015 – 4:42pm As California’s unprecedented drought deepens and new mandates come online to deal with it, top-level water officials from state, federal […]
Continue ReadingWells Fargo Weekly Economic & Financial Commentary – April 3, 2015 A Softer Start to 2015 March employment data came in well below expectations. Nonfarm payrolls rose by 126,000, marking their smallest monthly gain since December 2013. Data from the manufacturing sector also came in weaker in March. The ISM manufacturing index fell 1.4 points […]
Continue ReadingBank of the West U.S. Outlook Report for April 3, 2015 – US Outlook Report: Flat Start But Stronger Finish Still in Focus It has been another ham-handed start to the year. Now we can add February real consumer spending, employment and the ISM manufacturing survey for March to the list of downbeat economic indicators. […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE No Idle Yards By Chris Philips, Managing Editor West Coast yards are busy building tugs, barges, ferries and small workboats for the rigors of operating in the Pacific Ocean. One notable exception to the West Coast surge is Conrad Orange Shipyard, Inc., a division of […]
Continue ReadingIt’s Shaping Up to Be a Soft Quarter · Housing market data looked better this week with both existing and new home sales rising in February. · Consumer prices rose 0.2 percent in February as oil prices edged higher for the month. · Durable goods orders pulled back sharply in February, but even more concerning […]
Continue ReadingBank of the West U.S. Outlook Report for March 27, 2015 – US Outlook Report: What Does the Drop in New Orders Mean? What’s the saying, “Get used to disappointment”? Despite expectations for stabilization, durable goods orders for February remained weaker than expected, dropping another 1.4% on the month. Non-defense capital goods orders, excluding aircraft, […]
Continue ReadingACWA eNews for March 25, 2015 in ACWA eNews ACWA’s eNews is a weekly roundup of California water news and events. Top-Level Water Officials to Gather April 9 for ACWA Special Drought Briefing Submitted by Pamela Martineau on Wed, 03/25/2015 – 4:45pm As California continues to draw international attention during its fourth year of devastating […]
Continue ReadingSUBSCRIBE TO THE PRINT EDITION INSIDE PACIFIC MARITIME MAGAZINE Bridge Construction Support in Seattle By Chris Philips, Managing Editor Since 1976, Westar Marine Services has been providing marine services to the San Francisco Bay Area and over the course of the last 39 years the company has expanded into other services and markets, including […]
Continue ReadingMixed Economic Data and A Cautious Fed This week’s FOMC meeting statement dropped the word patient but the tone remained very dovish. Industrial production activity remained modest in February after posting a decline in January. Data on February housing starts showed a sharp decline in new construction activity; however, permitting data looked more promising for […]
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