by sslifer | Apr 19, 2024 | Commentary for the Week, NumberNomics Notes
April 19, 2024 Economic forecasts have been notably inaccurate for the past couple of years. Virtually every economist expected a recession in the second half of last year. But growth for the year was a solid 3.1%. Most economists expected the inflation...
by sslifer | Apr 15, 2024 | Housing, NumberNomics Notes
April 15, 2024 Homebuilder confidence was unchanged in April at 51 after having risen 3 points in March to 51 after climbing 4 points in February, 7 points in January, and 3 points in December. Thus, confidence has risen 17 points in the past five months as mortgage...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2024 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 roe 0.2% in March...
by sslifer | Apr 11, 2024 | Inflation, NumberNomics Notes
April 11 2924 The CPI rose 0.4% in both February and March after climbing 0.3% in January. The year-over-year increase is currently 3.5%. We expect the CPI to increase 3.5% in 2024. The March increase of 0.4% was higher than the 0.3% increase that had been...
by sslifer | Apr 5, 2024 | Commentary for the Week, NumberNomics Notes
April 5, 2024 The economy continues to be on a roll. The monthly employment gains are impressive. The workweek has rebounded. First quarter GDP growth keeps getting revised higher. We have raised our GDP estimates for both the first and second quarters from 2.2%...
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