by sslifer | Sep 18, 2019 | Housing, NumberNomics Notes
September 18, 2019 Housing starts jumped 12.3% in August to 1,364 thousand after having declined 1.5%in July and 2.5% in June. Because these data are particularly volatile on a month-to-month basis, it is best to look at a 3-month moving average of starts (which is...
by sslifer | Sep 18, 2019 | Inflation, NumberNomics Notes
September 18, 2019 Gasoline prices at the retail level were unchanged in the week ending September 16 at $2,55 per gallon. In South Carolina gasoline prices tend to about $0.25 below the national average or about $2.30. The Department of Energy expects national...
by sslifer | Sep 17, 2019 | Housing, NumberNomics Notes
September 17, 2019 .Homebuilder confidence rose 1 point in September to 68 after having risen 2 points in August. While its current level is somewhat below the readings of 70-75 at this time last year, a level of 68 is indicative of a solid level of confidence...
by sslifer | Sep 17, 2019 | Industrial Production, NumberNomics Notes
September 17, 2019 Industrial production jumped 0.6% in August after having declined 0.1% in July after having risen 0.1% in June. During the past year industrial production has risen 0.4%, but one year ago it was climbing at a 5.3% pace. Breaking industrial...
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...
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