by sslifer | Apr 3, 2024 | NumberNomics Notes, Purchasing Managers Index
April 3, 2024 The Institute for Supply Management not only publishes an index of manufacturing activity each month, they publish two days later a survey of service sector firms. The business activity index rose 0.2 point in March to 57.4 after climbing 1.4 points in...
by sslifer | Mar 29, 2024 | Consumer
March 29, 2024 Personal consumption expenditures jumped 0.8% in February after having risen 0.2% in January and 0.6% in December. The consumer is still willing to spend despite worries about inflation and the pace of Fed tightening. What we are really interested in...
by sslifer | Mar 28, 2024 | Consumer, NumberNomics Notes
March 28, 2024 The .final estimate of consumer sentiment for March rose 2.5 points to 79.4 compared to the preliminary estimate which showed a decline of 0.5 point. Surveys of Consumers Director Joanne Hsu said, “.Critically, consumers exhibited confidence that...
by sslifer | Mar 28, 2024 | GDP, NumberNomics Notes
March 28, 2024 . The final estimate of fourth quarter GDP growth was 3.4% compared to the revised estimate of 3.2%… That compares to a 4.9% increase in the third quarter. While the perception is that the economy is slowing down, it is hard to find much evidence...
by sslifer | Mar 28, 2024 | GDP, NumberNomics Notes
March 28, 2024 When the economy is slowing down, firms will accumulate unwanted inventories. Those inventories still show up in GDP, but they are unsold. Hence, GDP will be biased upwards. Similarly, in good times businesses will reduce inventory levels to satisfy...
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