by sslifer | Mar 5, 2024 | NumberNomics Notes, Purchasing Managers Index
March 5, 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 1.4 points in February to 57.2 after having been...
by sslifer | Jan 5, 2024 | Commentary for the Week, NumberNomics Notes
January 5, 2024 The very early economic data reported for December were confusing to say the least. Payroll employment climbed 216 thousand in December which was bigger than anticipated, but the civilian employment measure used in calculating the unemployment rate...
by sslifer | Jul 7, 2023 | Commentary for the Week, NumberNomics Notes
July 7, 2023 At midyear 2023 the economists who suggest that the economy will slip into recession in the second half of the year must be feeling nervous. The service sector of the economy rebounded in June. The employment report for June was solid with a 209...
by sslifer | Jun 16, 2023 | Commentary for the Week, NumberNomics Notes
June 16, 2023 We are beginning to wonder if the economy has a lot more momentum than is generally believed at the moment. Virtually every economist on the planet expects the U.S. economy to slip into recession later this year or early in 2024 because, surely, real...
by sslifer | May 19, 2023 | Commentary for the Week, NumberNomics Notes
May 19, 2023 The Conference Board’s index of leading indicators (LEI) has been falling steadily since December 2021. The index anticipates turning points in the business cycle by around 10 months. Based on this steep slide the Conference Board forecasts a recession...
Follow Me