by sslifer | Sep 13, 2019 | Commentary for the Week, NumberNomics Notes
September 13, 2019 The European Central Bank provided a surprise dose of monetary stimulus this past week. Not only did it cut interest rates, it announced a new bond-buying program designed to get the economy going. However, policy makers in Europe and the U.S....
by sslifer | Sep 13, 2019 | Forecasts, NumberNomics Notes
September 13, 2019 The preliminary estimate of second quarter GDP growth came in at 2.1% after having risen 3.1% in the first quarter. For the year as a whole we anticipate 2.5.% GDP growth after having risen 2.5% in 2018. . Consumer spending jumped 4.3% in the...
by sslifer | Sep 13, 2019 | Consumer, NumberNomics Notes
September 13, 2019 The final estimate of consumer sentiment for September rose by a modest 2.2 points in September to 92.0 after having fallen 8.6 points in August . Despite the drop the levels for consumer sentiment in August and September are still quite lofty. ...
by sslifer | Sep 13, 2019 | NumberNomics Notes, Retail Sales
September 13, 2019 Retail sales 0.4% in August. But that follows gains of 0.4% in April, 0.5% in May, 0.4% in June, and 0.8% in July.. Any way you slice it, consumer spending remains solid. During the past year retail sales have risen 4.0%, but in the past three...
by sslifer | Sep 12, 2019 | Inflation, NumberNomics Notes
September 12, 2019 The CPI rose 0.1% in August after having risen 0.3% in July.. During the past year the CPI has risen 1.8%. Food prices were unchanged in August and rose 0.1% in both June and July. Food prices have risen 1.7% in the past twelve months. These...
by sslifer | Sep 11, 2019 | Inflation, NumberNomics Notes
September 11, 2019 The Producer Price Index for final demand – intermediate 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...
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