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Growth of US GDP Q1 2017

The annualized Gross Domestic Product (GDP), growth rate in the second estimate of the first quarter (Q1), of 2017 was 1.15%, revised upward from the dismal 0.7% first estimate. Increases in nonresidential fixed investment and in personal consumption expenditures were larger and the decrease in state and local government spending was smaller than previously estimated. [...]

ISM Manufacturing Index

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index for May ticked up 0.1 point month on month (m/m), to 54.9, weaker than analyst expectations yet still positive. New orders rose two points m/m as 14 of 18 industries reported growth in new orders. Primary metals and machinery were amongst the cohort reporting growth. The [...]

Beige Book Summary

The overall summary is that; the economy continues to expand across most of the nation at a modest to moderate pace. Tight labor markets are reducing the rate of hiring and causing wages to rise. The housing market is strengthening.  Policy uncertainties are negatively impacting business investment.  The economy is expected to continue grow and [...]

Consumer Confidence

The Conference Board Consumer Confidence Composite fell back 1.5 points in May to 117.9 points, while the three month moving average (3MMA) stood at 119.7. Despite the decline for the second consecutive month, the 3MMA is at its highest level since January 2001. The present situation has surpassed the level attained prior to the great [...]