Homebuilder Confidence

October 18, 2021 Homebuilder confidence in October jumped 4 points to 80 after having climbed 1 point in September.  The index fell from a 35-year old record high level of 90 set in November of last year to a low of 75 in August as COVID cases surged and supply...

Industrial Production

October 18, 2021 Industrial production fell 1.3% in September after having declined 0.1% in August (initially published as a 0.4% increase).  Production had been steadily climbing since reaching a low point in April of last year.   However, as shown below, production...

Retail Sales

October 15, 2021 Retail sales rose 0.7% in September which was much larger than the 0.1% decline that had been expected.  There were, in addition, modest upward revisions to the July and August data.  After revision August sales rose 0.8% but they declined 1.6% in...

Producer Price Index

October 14, 2021 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 0.5% in...