March 2018

Currency Report

The dollar Broad Index posted a reading of 94.05 for February, up 0.4% month on month yet still close to its lowest level in two years. The rate of decline has moderated over the past month likely because of the FEDs indication that there will be three and perhaps four interest rate hikes this year. [...]

February 2018

Consumer Confidence

The Consumer confidence index surged 6.5 points in February according to the Conference Board. The index now stands at 130.8, its highest level in a year. Business conditions are reportedly strong and consumers feel good about the job market and the economy. On a year over year comparison, the 3MMA composite index was up 14.7 [...]

Automotive Sales

Data from the Bureau of Economic Analysis (BEA), shows that total light (cars and light truck/SUVs), vehicle sales in December were at a seasonally adjusted annual rate, (SAAR) of 18.237 million (M), units, up 383,000 units or 2.1% from November. On a three month moving average (3MMA), basis sales were tracking at 18.178M, down 1.2% [...]

Consumer Credit

Total consumer credit increased by $18.4 billion, (B) in December, below the consensus estimate of $20B. Non-revolving credit advanced by $13.3B while revolving credit moved-up by $5.3B. November’s consumer credit was revised upwards by $2B to $30B essentially offsetting the miss in December. On a percentage year on year basis, consumer credit increased at an [...]

Employment: Initial, Continuous Jobless Claims and Net Job Creation

Seasonally adjusted, (SA) initial claims for unemployment insurance fell by 9,000 to 221,000. The four week moving average (4WMA) was 224,000, 17.0% lower than for the same period last year. Moody’s economist project an unemployment rate of 3.5% by the end of the year as layoffs are low and hiring remains firm. Continuous claims as [...]

Employment by Industry

The economy created 148,000 jobs in January, 38.5% of these were in the Goods producing industries and 61.5% in Service providing sector. The total number of seasonally adjusted (SA), non-farm people employed in the U.S. in January was 147.810 million (M), an increase of 0.14% month on month, (m/m). Over the past 12 months the [...]