Tag Archives: Economic Update

Weekly Economic Update

U.S. retail sales growth was up slightly, but one of the better performances since the fall of last year.  It continues to appear that a ‘weather’ effect has taken place, but perhaps lessened in recent weeks. Concerns over the Ukraine/Russia … Continue reading

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Weekly Economic Udpate

(+) The ISM manufacturing index rose from 51.3 in January to 53.2 in February, which beat expectations by about a point and reversed last month’s decline.  However, details were mixed with new orders and inventories up several points, employment flat … Continue reading

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Weekly Economic Update

(-) The second estimate of 4th quarter GDP was a disappointment, although many watchers expected as much—the initial estimate of +3.2% was revised down to +2.4% (a tenth lower than the expected revision).  The majority of the difference came from … Continue reading

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Weekly Economic Update

On a holiday-shortened week, we ended up with a few noteworthy reports. (-) The Empire manufacturing survey for February came in positive at +4.5, but weaker than the expected +8.5 (and lower than January’s +12.5).  In the details of the … Continue reading

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Weekly Economic Update

The week was highlighted by a fair number of important industrial reports, as well as the closely-watched Fed meeting.  Unfortunately, there wasn’t enough decent news to offset emerging market-led concerns. (+/0) As we recapped separately mid-week, the FOMC continued the … Continue reading

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Weekly Economic Update

After a fairly busy week, the MLK holiday led off a quieter one in terms of economic data releases. (-) The Markit manufacturing PMI fell from 55.0 in December to 53.7 in January (versus expectations for an unchanged reading).  Within … Continue reading

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Weekly Economic Update

(+) The ISM Manufacturing survey came in stronger than expected for December, at 57.0 versus a forecasted 56.8, but was a bit lower than November’s 57.3 result.  Underlying data was similarly strong, little changed from the prior month, with higher … Continue reading

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Weekly Economic Update

During the holiday-shortened week, we received a small dose of economic data.  For the most part, the news was positive: consumer confidence rebounded while shopping for the holiday season, a stronger than expected number of durable goods orders in November, … Continue reading

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Weekly Economic Update

(+) Retail sales for November came in stronger than expected, gaining +0.7% for the month versus an expected +0.6%.  More specifically, the ‘core’ number, that excludes volatile results from autos and gasoline, rose +0.5% relative to the expected +0.3%, and … Continue reading

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Weekly Economic Update

(+) Retail sales rose +0.4% for October, which exceeded expectations of a +0.1% increase.  Removing the usually volatile automobile, gasoline and building materials components pushed the gain up to +0.5%, which also outperformed the consensus forecast of +0.3%.  The monthly … Continue reading

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Weekly Economic Update

A week shortened by Veteran’s Day left us with fewer data points than usual, but enough to weave a story around. (0/+) Industrial production fell -0.1% in October, which was a bit of a surprise considering expectations called for a … Continue reading

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Weekly Economic Update

(+/0) The advance GDP figure for the third quarter came in at +2.8%, which dramatically surpassed consensus expectations of +2.0% or so.  However, much of the positive impact (0.8% of that 2.8%) came from larger inventory accumulation coupled with a … Continue reading

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