2020 Economic Outlook Conference
2020 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...
Consumers Still Looking Good
November 15, 2019 With the manufacturing sector having weakened from the imposition of tariffs, the engine of growth for the economy in 2019 has been consumer spending which has climbed at a 2.9% pace in the first three quarters of the year. The question is...
GDP, Inflation, and Interest Rate Forecasts
November 15, 2019 The preliminary estimate of third quarter GDP growth came in at 1.9% after having 2.0% risen 2.0% in the second quarter. For both 2019 and 2020 we anticipate 2.4% GDP growth after having risen 2.5% in 2018. . Consumer spending climbed by 2.9% in...
Industrial Production
November 15, 2019 Industrial production plunged 0.8% in October after having fallen 0.3% in September after having jumped 0.7% in August. However, a large part of the declines in both September and October were attributable to the General Motors strike which...
Retail Sales
November 15, 2019 Retail sales rose 0.3% in October after having fallen 0.3% in September. But that follows gains of 0.4% in April, 0.5% in May, 0.4% in June, 0.7% in July and 0.6% in August.. Any way you slice it, consumer spending remains solid. During the...
Producer Price Index
November 14, 2019 The Producer Price Index for final demand - intermediate 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...
Initial Unemployment Claims
November 14, 2019 Initial unemployment claims rose 14 thousand in the week ending November 9 to 225 thousand. The four-week average of claims rose 2 thousand to 217 thousand. The 4-week average for the week of April 13 of 202 thousand was the lowest for the...
Consumer Price Index
November 13, 2019 The CPI jumped 0.4% in October after having been unchanged in September. During the past year the CPI has risen 1.8%. Food prices fell 0.2% in October after having risen 0.5% in September. Food prices have risen 2.0% in the past twelve months. ...
Small Business Optimism
November 12, 2019 .Small business optimism rose 0.6 point in October to 102.4 after having fallen 1.5 points in September. The August 2018 level of 108.8 broke the previous record high level of 108.0 set 35 years ago back in July 1983. The current level of...
Economists Love Simple Rules
November 8, 2019 A research piece written by Federal Reserve Board economist Claudia Sahm was highlighted recently in the Wall Street Journal -- “Rule Aims to Spot Recessions Earlier”. It has sent the economics community into a tizzy. Typically, when the economy...
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