by sslifer | Feb 25, 2021 | Forecasts, NumberNomics Notes
February 25, 2021 . .The government’s response to the corona virus stopped the economy dead in its tracks. It started to fall precipitously in March and then collapsed in April. As a result, GDP declined 31.4% in the second quarter. However, it began to turn...
by sslifer | Feb 25, 2021 | Housing, NumberNomics Notes
February 25, 2021 Pending home sales declined 2.8% in January to 122.8 after rising 0.5% in December. Following the March/April recession, home sales have surged but have edged lower in the past several months. Lawrence Yun, the Chief Economist for the National...
by sslifer | Feb 25, 2021 | Industrial Production, NumberNomics Notes
February 25, 2021 Durable goods orders jumped 3.4% in January after having risen 1.2% in December and 1.3% in November. Orders have risen for nine consecutive months. The manufacturing sector is bouncing back and orders are now higher than they were prior to the...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 The revised estimate of fourth quarter GDP growth came in at 4.1% compared to a preliminary estimate of 4.0%. That compares to a 31.4% decline in the second quarter followed by 33.4% growth in the quarter . Both swings in those two earlier quarters...
by sslifer | Feb 25, 2021 | GDP, NumberNomics Notes
February 25, 2021 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to...
Follow Me