by sslifer | May 6, 2025 | Miscellaneous, NumberNomics Notes
May 6, 2025 The trade deficit widened by $17.3 billion in March to a record to $140.5 billion after having narrowed by $7.5 billion in February Firms have been racing to import goods prior to the imposition of tariffs. Exports rose $0.5 billion or 0.2% in March to...
by sslifer | May 5, 2025 | NumberNomics Notes, Purchasing Managers Index
May 5, 2025 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The business activity index declined 2.2 points in April to 53.7 after having risen 1.5...
by sslifer | May 2, 2025 | Commentary for the Week, NumberNomics Notes
May 2, 2025 The imposition of tariffs is causing massive distortions in the data. First quarter GDP declined 0.3%, but to get goods into the country prior to the imposition of tariffs in early April imports surged, subtracted a massive amount from GDP growth in that...
by sslifer | May 2, 2025 | NumberNomics Notes, Retail Sales
May 2, 2025 Unit car and truck sales declined 3.1% in February to a 17.273 pace after surging in March by 11.7%. Some of the gain in the past two months may be a bounceback from the very cold and snowy weather in January and the California wildfires. It may also...
by sslifer | May 2, 2025 | Forecasts, NumberNomics Notes
May 2. 2025 The world has turned topsy-turvy as tariffs are imposed, then postponed and, perhaps, reimposed. Nobody knows what to expect. We are all reacting to the latest events and making guesses about what happens next. We suspect that much of the current...
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