by sslifer | May 16, 2025 | Commentary for the Week, NumberNomics Notes
May 16, 2025 It appears that Trump’s recent tariff relief will continue for some time to come. While the reprieve is only guaranteed for 90 days, it is likely that upon expiration of the 90-day period the lower tariffs will be extended until such time as a permanent...
by sslifer | May 16, 2025 | Consumer, NumberNomics Notes
May 16, 2025 The preliminary estimate of consumer sentiment for May fell 1.4 points to 50.8 after having declined 4.8 points in April. This is the fifth consecutive decline in sentiment. The May level is the lowest since June 2022. Surveys of Consumers Director...
by sslifer | May 16, 2025 | Housing, NumberNomics Notes
May 16, 2025 Housing starts rose 1.6% in April to 1,361 thousand after having plunged by 10.1% in March. Clearly, starts have been exceptionally volatile in recent months, rising or falling by double-digit amounts almost every month. This reflects weather conditions...
by sslifer | May 15, 2025 | Housing, NumberNomics Notes
May 15, 2025 Homebuilder confidence dropped 6 points in May to 34 after having risen 1 point in April. Builders are worried about the imposition of tariffs, still high mortgage rates, and the cost of materials. Keep in mind that the breakeven point for this series...
by sslifer | May 15, 2025 | Industrial Production, NumberNomics Notes
April 16, 2025 Industrial production for April was unchanged after having fallen 0.3 in March. In the past year industrial production has risen 1.5%. Breaking industrial production down into its three basic categories — manufacturing, mining, and utilities. ...
by sslifer | May 15, 2025 | Inflation, NumberNomics Notes
May 15, 2025 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 declined 0.5% in...
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