Economic Updates
Tuesday, January 12
Last Week in the News The Institute for Supply Management reported the monthly index of manufacturing activity rose to 55.9 in December after reaching 53.6 in November. It was the fifth straight month of expansion and the fastest pace of growth since April 2006. A reading above 50 signals expan...
Economic Updates
Tuesday, January 12
Last Week in the News The Institute for Supply Management reported the monthly index of manufacturing activity rose to 55.9 in December after reaching 53.6 in November. It was the fifth straight month of expansion and the fastest pace of growth since April 2006. A reading above 50 signals expan...
Economic Updates
Monday, January 04
Last Week in the News U.S. retail sales rose 3.6% from November 1 through December 24, according to MasterCard Advisors’ SpendingPulse, which estimates all forms of payment including cash. Online sales jumped 18%, consumer electronics increased 5.9% and jewelry sales rose 5.6%. Economists had ant...
Economic Updates
Monday, December 28
Last Week in the News Existing home sales rose 7.4% in November to a seasonally adjusted annual rate of 6.54 million units from 6.09 million units in October. On a year-over-year basis, sales of existing homes increased 44%, the largest gain on record. The inventory of unsold homes on the mark...
Economic Updates
Wednesday, December 23
Last Week in the News The Commerce Department reported that the combined construction of new single-family homes and apartments in November rose 8.9% to a seasonally adjusted annual rate of 574,000 units. Applications for new building permits, seen as an indicator of future activity, rose 6%, t...
Economic Updates
Monday, December 14
Last Week in the News Retail sales increased 1.3% in November, following a downwardly revised 1.1% increase in October. Excluding automobiles, retail sales rose 1.2%, the largest gain since January. Sales of building materials increased 1.5%, the biggest gain since April 2008.According to the Fe...