Consumer Sentiment

February 14, 2020 The final estimate of consumer sentiment for February rose 1.1 points to 100.9, just missing the peak level for the cycle which was 101.4 in March of 2018. Surveys of Consumers Chief Economist Richard Curtin said, “Net gains in household income...

Industrial Production

February 14, 2020 Industrial production fell 0.3% in January after having declined 0.4% December.   During the past year industrial production has fallen 0.8%, but one year ago it was climbing at a 3.6% pace. Breaking industrial production down into its three major...

Retail Sales

February 14, 2020 Retail sales rose 0.3% in December after having climbed 0.2%in November, and December.  During the past year retail sales have risen 4,4%. Sometimes sales can be distorted by changes in autos and gasoline both of which can be quite volatile.  In this...

Consumer Price Index

February 13, 2000 .The CPI rose 0.1% in January after having risen 0.2% in October, November, and December.  During 2019 the CPI rose 2.3%. Food prices rose 0.2% in both December and January.  Food prices have risen 1.7% in the past twelve months.  These prices tend...

Homeownership Rates

February 12, 2020 .Home ownership rose 0.3% in the fourth quarter of last year to 65.1% after having climbed 0.7% in the third quarter.  It hit a low of 62.9% in the second quarter of 2016 but has risen considerably in the past 2-1/2 years. The upswing in home...

Unemployment vs. Job Openings

February 11, 2020 .The  Labor Department reported that job openings fell 5.4% in December to 6,423 thousand after having declined 7.8% in November.  The biggest drop in job openings was in the transportation category so one wonders whether the G.M. strike and the...