by sslifer | Nov 18, 2024 | Housing, NumberNomics Notes
November 18, 2024 This series rose 3 points in November to 46 after gaining 2 points in both September and October. The November gain seems to reflect hope that the Trump administration will cut a lot of the red tape that has been impeding the housing industry. Keep...
by sslifer | Nov 15, 2024 | Commentary for the Week, NumberNomics Notes
November 15, 2024 The retail sales data for October combined with upwards revisions to September indicate that the consumer is still willing to spend. That is not a great surprise. Driven by the rapid ascent of the stock market and surging home prices, consumer net...
by sslifer | Nov 15, 2024 | Industrial Production, NumberNomics Notes
November 15, 2024 Industrial production declined 0.3% in October after falling 0.5% in September. The Fed reported that The Boeing strike reduced production by 0.3% in September and 0.2% in October. The remnants of Hurricanes Helene and Beryl subtracted 0.1% from...
by sslifer | Nov 15, 2024 | NumberNomics Notes, Retail Sales
November 15, 2024 Retail sales rose 0.4% in October after having jumped 0.8% in September. In the past year retail sales have risen 2,7%. Motor vehicle sales jumped 1.6% in October after having risen 0.2% in September. In the past year car sales have risen 3.1%....
by sslifer | Nov 14, 2024 | Inflation, NumberNomics Notes
November 14, 2024 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 0.2% in...
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