Consumer Credit Increases in October
In October, consumer credit increased at a seasonally adjusted annual rate of 4.6%. Revolving credit increased at an annual rate...
Economy
ABA Data Bank: OECD 2022 Inflation Forecast Rises for Advanced Economies
With the Omicron variant adding to the already high levels of uncertainty, the OECD in December raised its 2022 inflation...
New Orders for Manufactured Goods Increase in October
New orders for manufactured goods in October, up seventeen of the last eighteen months, increased $5.1 billion or 1.0% to...
ISM: Service Sector Grows in November
The ISM Services Index registered 69.1% in November; 2.4 percentage points higher than the October reading of 66.7%. This reading...
210,000 Jobs Added in November, Unemployment Rate at 4.2%
Total nonfarm payroll employment rose by 210,000 in November, according to the Bureau of Labor Statistics. Total unemployed persons fell...
Beige Book: Economic Activity Grows Moderately, Held Back by Supply Chain Issues
Economic activity grew at a moderate pace from early October to mid-November, but some parts of the country reported constrained...
ISM Manufacturing Increases in November
The ISM Manufacturing Index registered 61.1 points in November, 0.3 percentage point higher than the October reading of 60.8%. This...
Construction Spending Increases in October
Construction spending was at a seasonally adjusted annual rate of $1,598.0 billion in October, 0.2% above the revised September estimate...
ADP: 534,000 Jobs Gained in November
The non-farm private sector gained 534,000 jobs in November, according to the ADP National Employment Report. This follows a revised...
FDIC: Bank Profits Up in Third Quarter as Capital, Liquidity Levels Remain Strong
FDIC-insured banks and savings institutions earned $69.5 billion in the third quarter of 2021, a 35.9% increase from a year...
