Economics Group: Weekly Economic & Financial Commentary U.S. Review Q2 Appears to Be Ending on a Stronger Note · Retail sales rose a modest 0.2 percent in June, however, the details of the report were encouraging for consumer spending in the second quarter. · June producer prices came in higher than expected, rising 0.4 percent. Import […]
Continue ReadingUS Outlook Report– Manufacturing: A Window into the Economy If you delve into recent industrial production and manufacturing data you’ll see something striking about the health and direction of the broader economy. In short, the data suggests that overall economic growth is accelerating again in July, and, secondly and more importantly, the U.S. economy is […]
Continue ReadingPresident Announces Build America Investment Initiative The initiative seeks to increase infrastructure investment and economic growth for highways, roads and bridges, municipal water, ports, harbors, broadband, and the electrical grid. The initiative will include the creation of a Build America Transportation Investment Center (housed in the USDOT) to provide state and local governments with improved […]
Continue ReadingEconomics Group – Weekly Economic & Financial Commentary U.S. Review More Evidence of a Tightening Labor Market While small business confidence dipped in June, the index remains above the range where it appeared to be stuck between 2011 and 2013. Firms are still looking to hire, with the NFIB hiring plans index climbing 2 points and […]
Continue ReadingAn E&E Publishing Service APPROPRIATIONS: Controversial cuts, riders expected as House subpanel votes on EPA, Interior spending (Tuesday, July 8, 2014) Jean Chemnick, E&E reporter Congress’ annual tug of war over funding the Interior Department and U.S. EPA will push off this week with a House Appropriations subcommittee markup that is unlikely to lead to stand-alone […]
Continue ReadingCalifornia has world’s 8th largest economy, beating Russia, Italy By Dale Kasler dkasler@sacbee.com Published: Monday, Jul. 7, 2014 – 11:37 am Last Modified: Monday, Jul. 7, 2014 – 2:14 pm California’s economy has overtaken Russia and Italy, with the state now ranked as the world’s eighth largest economy. Read more here at The Sacramento Bee: http://www.sacbee.com/2014/07/07/6538711/california-has-worlds-8th-largest.html
Continue ReadingJune 2014 Decision on Water Bond more likely now that Governor has weighed in Governor Brown last week engaged in discussions with Senate and Assembly leadership to negotiate a water bond to replace the current $11.14 billion bond that is set to go before voters in November, which likely means a […]
Continue ReadingEconomics Group Weekly Economic & Financial Commentary U.S. Review A Mostly Disappointing Week for Economic Data · The third look at first quarter GDP showed that the economy contracted at a 2.9 percent pace. A sizable portion of the downward revision was due to softer-than-estimated consumer spending for the quarter. · Housing market data came […]
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