by sslifer | Sep 20, 2022 | Housing, NumberNomics Notes
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...
by sslifer | Sep 16, 2022 | Commentary for the Week, NumberNomics Notes
September 16, 2022 The economy is showing hints of slowing down, but inflation remains stubbornly high. Given that the Fed’s goal is to bring inflation back to the 2.0% mark, nothing that happened last week is enough to convince it that the end of its tightening is...
by sslifer | Sep 16, 2022 | Consumer, NumberNomics Notes
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...
by sslifer | Sep 15, 2022 | Industrial Production, NumberNomics Notes
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...
by sslifer | Sep 15, 2022 | NumberNomics Notes, 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...
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