Housing Starts

September 20, 2022 Housing starts jumped 12.2% in August to 1,575 thousand after having fallen 10.9% in July.  While bouncing around from month-to-month, builders are clearly becoming more cautious. Builders confidence has declined in the past several months as rising...

Consumer Sentiment

September 16, 2022 The preliminary estimate of consumer sentiment for September rose 1.3 points to 59.5 after having climbed 6.7 points in July..  The June level was the lowest on record and roughly comparable to the low levels reached in the 1980 recession. Surveys...

Industrial Production

September 15, 2022 Industrial production declined 0.2% after rising 0.5% in July.  In the past year production has risen 3.7%, and in the  most recent three-month period it continues to grow at a solid 3.7% pace. Breaking industrial production down into its three...

Retail Sales

September 15, 2022 Retail sales rose 0.3% in August after declining 0.4% in July. In the past year retail sales have climbed by 3.6%.  Consumers are still spending at a moderate pace but inflation is eroding their purchasing power (see discussion of real retail sales...