by sslifer | Feb 5, 2025 | NumberNomics Notes, Purchasing Managers Index
February 5, 2025 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The business activity index fell 3.5 points in January to 54.5 after having risen 4.3...
by sslifer | Feb 5, 2025 | Employment, NumberNomics Notes
February 5, 2025 As shown above the ADP survey shows a respectable correlation with the private sector portion of the payroll employment data to be released a couple of days later. And well it should. ADP, or Automatic Data Processing, Inc. is a provider of...
by sslifer | Feb 4, 2025 | NumberNomics Notes, Retail Sales
February 4, 2025 Unit car and truck sales sank 7.5% in January to 15,603 thousand after having risen 1.3% in December and 3.4% in November. Car sales picked up in the last few months of 2024 but clearly got whacked in January. The bitter cold weather throughout...
by sslifer | Feb 4, 2025 | Employment, NumberNomics Notes
February 4, 2025 The Labor Department reported that job openings declined 556 thousand in December to 7,600 thousand after having risen 317 thousand in November. The pace of economic activity has remained solid while the labor market has softened very gradually. ...
by sslifer | Feb 3, 2025 | Housing, NumberNomics Notes
February 3, 2025 Construction spending (the green bars above) rose 0.5% in December after having risen 0.2% in November and 1.6% in October. After being essentially unchanged through most of last year, construction spending...
by sslifer | Feb 3, 2025 | NumberNomics Notes, Purchasing Managers Index
February 3, 2025 The Institute for Supply Management’s index of conditions in the manufacturing sector rose 1.7 points in January to 50.9 after gaining 0.8 point in December and 1.9 points in November. This is the first time this index has been above the break-even...
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