2025 Economic Outlook Conference
2025 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight...
Housing Starts
November 19, 2024 Housing starts declined 3.1% in October to 1,311 thousand after falling 1.9% in September. The combo of Hurricanes Helene and Milton may have reduced the September and October construction data somewhat as starts in the South fell by a total of...
Homebuilder Confidence
November 18, 2024 This series rose 3 points in November to 46 after gaining 2 points in both September and October. The November gain seems to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the housing industry. ...
Consumers Relying Less on Credit Cards
November 15, 2024 The retail sales data for October combined with upwards revisions to September indicate that the consumer is still willing to spend. That is not a great surprise. Driven by the rapid ascent of the stock market and surging home prices, consumer net...
Industrial Production
November 15, 2024 Industrial production declined 0.3% in October after falling 0.5% in September. The Fed reported that The Boeing strike reduced production by 0.3% in September and 0.2% in October. The remnants of Hurricanes Helene and Beryl subtracted 0.1% from...
Retail Sales
November 15, 2024 Retail sales rose 0.4% in October after having jumped 0.8% in September. In the past year retail sales have risen 2,7%. Motor vehicle sales jumped 1.6% in October after having risen 0.2% in September. In the past year car sales have risen 3.1%....
Producer Price Index
November 14, 2024 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%...
Initial Unemployment Claims
November 14, 2024 Initial unemployment claims fell 4 thousand in the week ending November 9 after rising 3 thousand in the previous week. This series has risen slightly in the past six months. The 4-week average of claims was 210 thousand at the end of April...
Consumer Price Index
November 13, 2024 The CPI rose 0.2% in October which is the fourth consecutive month with a 0.2% increase. The year-over-year increase is currently 2.6%. We now expect the CPI to increase 2.6% in 2024. Food prices rose 0.2% in October after climbing 0.4% in...
Small Business Optimism
November 12, 2024 . Small business optimism rose points in October to 93.7 after having climbed 0.3 point in September. The level is well below the 40-year average so-called breakeven point for this series which is 98.0. NFIB Chief Economist William Dunkelberg...
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