Industrial Production

January 17, 2025 Industrial production jumped 0.9% in December after having risen 0.2% in November.  The Fed reported that gains in the output of aircraft and parts contributed 0.2% to total IP growth in December following the resolution of the Boeing strike.  In...

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Housing Starts

January 17, 2025 Housing starts jumped 15.8% in December to 1,499 thousand after  having declined 3,7% in November.  The increase consisted of a 3.3% increase in single-family homes and a whopping 58.9% increase in the very volatile multi-family category.  With big...

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Homebuilder Confidence

January 16, 2025 This series rose 1 point in January to 47 after having been unchanged in December and  having risen 3 points in November.  The recent gains seem to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the...

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Retail Sales

January 16, 2025 Retail sales rose 0.4% in December after climbing 0.8% in November, 0.6% in October, and 0.9% in September.  In the past year retail sales have risen 3.7%. Motor vehicle sales climbed by 0.7% in December after having jumped  3.1% in November and...

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Initial Unemployment Claims

January 15, 2025 Initial unemployment claims rose 14 thousand in the week ending January 11 to 217 thousand after declining 8 thousand in the previous week.   This series has changed very little in the past nine months.  The 4-week average of claims was 210...

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Consumer Price Index

January 15, 2025 The CPI rose 0.4% in December after climbing 0.3% in November and 0.2% in October. The year-over-year increase (for 2024) is 2.9%.  We now expect the overall CPI to increase 2.9% in 2025. Food prices rose 0.3% in December after gaining 0.4% in...

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Producer Price Index

January 14, 2025 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand rose 0.2% in...

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