by sslifer | Nov 24, 2021 | Commentary for the Week, NumberNomics Notes
2022 Economic Outlook Conference In times of uncertainty whether you are running a business or planning your investments, knowledge can be your most valuable asset. Stephen Slifer, Owner and Chief Economist at NumberNomics will provide insight regarding...
by sslifer | Nov 24, 2021 | Forecasts, NumberNomics Notes
November 24, 2021 GDP growth slipped to 2.1% in the third quarter as an increase in COVID cases dampened the pace of consumer spending, and as supply constraints limited the ability of firms to produce. But COVID cases have fallen 55% since reaching a peak in...
by sslifer | Nov 24, 2021 | Housing, NumberNomics Notes
November 24, 2021 New home sales rose 0.4% in October to 745 thousand after having jumped 7.1% in September. After hitting a peak of almost 1 million homes in January, home sales declined fairly steadily to the 700 thousand mark. That drop in the pace of sales...
by sslifer | Nov 24, 2021 | Consumer, NumberNomics Notes
November 24, 2021 . The final estimate of consumer sentiment for November came in at 67.4 compared to the preliminary estimate of 66.8. Thus sentiment fell 4.3 points in November after having declined 1.1 points in October. The November level is the lowest level of...
by sslifer | Nov 24, 2021 | Industrial Production, NumberNomics Notes
November 24, 2021 Durable goods orders declined 0.5% in October after falling 0.4% in September.. The October decline was in the very volatile transportation component. Orders generally are growing steadily but the shortage of silicon chips is curtailing production...
by sslifer | Nov 24, 2021 | GDP, NumberNomics Notes
November 24, 2021 The first revision to third quarter GDP was 2.1% versus a preliminary estimate of 2.0%. Second quarter growth was 6.7%. In the third quarter GDP growth was hit by a combination of a rising number of COVID cases, and significant supply constraints...
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