by sslifer | Aug 3, 2026 | NumberNomics Notes, Purchasing Managers Index
August 3, 2026 The Institute for Supply Management’s index of conditions in the manufacturing sector jumped 2.3 points in July to 55.6 after having fallen 0.7 point in June. This is the seventh straight month that the manufacturing sector has been expanding...
by sslifer | Jul 30, 2026 | GDP, NumberNomics Notes
July 30, 2026 The preliminary estimate of first second quarter GDP growth was 1.5% which compares to 2.1% growth in the first quarter. Growth of 1.5% may seem a bit slow but it is not. The very volatile change in inventories category subtracted 0.7% from growth in...
by sslifer | Jul 30, 2026 | GDP, NumberNomics Notes
July 30, 2026 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
by sslifer | Jul 30, 2026 | GDP, NumberNomics Notes
July 30, 2026 It is important to remember that final sales is a measure of how many domestically produced goods are sold each quarter. But we also sell goods overseas — our exports. And we purchase goods from other countries — our imports. In the...
by sslifer | Jul 30, 2026 | GDP, Inflation, NumberNomics Notes
July 30, 2026 There are many different deflators that are available. This one is for gross domestic purchases which measures prices paid by U.S. residents. It is the one measure of inflation that the Commerce Department talks about when it releases the GDP report. ...
by sslifer | Jul 30, 2026 | Consumer
July 30, 2026 Personal income rose 0.2% in in June after gaining 0.7% in May. In the past year personal income has climbed 3.7%. Slower jobs growth caused a much slower rate of growth in income in 2025. But in the first half of this year jobs growth has...
Follow Me