by sslifer | Oct 18, 2021 | Industrial Production, NumberNomics Notes
October 18, 2021 Industrial production fell 1.3% in September after having declined 0.1% in August (initially published as a 0.4% increase). Production had been steadily climbing since reaching a low point in April of last year. However, as shown below, production...
by sslifer | Oct 15, 2021 | Commentary for the Week, NumberNomics Notes
October 15, 2021 The economy hit a speed bump in the summer as COVID cases began to climb. But now COVID cases are in a tailspin which suggests that the economy is likely to rebound in the fourth quarter. That is reassuring but there is little slack left in the U.S....
by sslifer | Oct 15, 2021 | NumberNomics Notes, Retail Sales
October 15, 2021 Retail sales rose 0.7% in September which was much larger than the 0.1% decline that had been expected. There were, in addition, modest upward revisions to the July and August data. After revision August sales rose 0.8% but they declined 1.6% in...
by sslifer | Oct 14, 2021 | Inflation, NumberNomics Notes
October 14, 2021 The Producer Price Index for final 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 for final demand rose 0.5% in...
by sslifer | Oct 14, 2021 | Employment, NumberNomics Notes
October 14, 2021 Initial unemployment claims for the week of October 9 fell 36 thousand to 293 thousand after declining 35 thousand in the previous week. After reaching a peak of 6,867 thousand at the end of March of last year initial claims had been steadily...
by sslifer | Oct 13, 2021 | Inflation, NumberNomics Notes
October 13, 2021 The CPI rose 0.4% in September after climbing 0.3% in August, 0.5% in July, and 0.9% in June. It rose 1.3% in 2020, and the year-over-year increase currently is 5.4%. Food prices jumped 0.9% in September after rising 0.4% in August, 0.7% in July, and...
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