Author Archives: Hugo Dante

Industrial Production Rose 0.3 percent in December

Industrial production increased 0.3 percent in December after rising 0.4 percent in November, according to the Federal Reserve. Capacity utilization was 78.7 percent in December a rate that is 1.1 points below its long-run average (1927-2017). Manufacturing output increased 1.1 percent, its largest gain since February 2018. Production of durable goods increased 2.7 percent, while non durable goods production decreased ...

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Beige Book: Economic Activity Continues Expanding at a Moderate Pace into 2019

Economic activity expanded at a moderate or modest pace across eight of the twelve Federal Reserve Districts, according to the just-released Federal Reserve Beige Book. The report was based on information collected through January 7th. Retail sales reported a bump in the districts as many experienced higher levels of holiday traffic in comparison to the previous year. Manufacturing expanded in ...

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Home Builder Confidence Rebounds in January

The National Association of Home Builders/Wells Fargo Housing Market Index rose to 58 in January, up two points from December and rebounding from the lowest reading in three years. Home builders cited declining mortgage rates among the chief reasons for the increase. “The gradual decline in mortgage rates in recent weeks helped to sustain builder sentiment,” said NAHB Chairman Randy ...

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Producer Prices Declined 0.2 percent in December

Producer prices declined 0.2 percent in December, seasonally adjusted, after rising 0.1 percent in November, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.5 percent on an un-adjusted basis for the twelve months of 2018. The index for final demand goods moved down 0.4 percent in December, mirroring last month’s decline. The index for final demand energy ...

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Consumer Prices Declined Slightly in December

The Consumer Price Index dipped 0.1 percent in December on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed no change in November. Over the last 12 months, the all-items index rose 1.9 percent, the first time this index has increased at less than 2 percent since August 2017. Prices for all items less food and ...

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Small Business Optimism Index Steady in December

The NFIB Small Business Optimism Index held steady at 104.4, 0.4 points below November’s reading. The December reading continues to hover near August’s record high of 108.8. Twenty-four percent of business owners surveyed said the next three months was a good time to expand, five point lower than last month’s reading. Reported job creation strengthened, as 60 percent of businesses ...

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Consumer Credit Growth Increased in November

Consumer credit increased at a seasonally adjusted annual rate of 6.7 percent in November, down from a downwardly revised 7.6 percent rate in October. Total outstanding credit increased $22.2 billion during the month (compared with $25.4 billion in October) to $3.979 trillion. Revolving credit, largely a reflection of credit card debt, increased at an annual rate of 5.5 percent to ...

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ISM: Non-Manufacturing Sector Growth Slower in December

The ISM Non-Manufacturing Index registered 57.6 points in December, 3.1 percentage points below November’s figure. This was the 107th consecutive month of expansion, as a reading above 50 indicates growth. Sixteen non-manufacturing industries reported growth, while one reported a decrease. The majority of respondents remain positive about business conditions and the economy, but tariffs (even with the recent hold on increases ...

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312,000 Jobs Added in December, Unemployment Rate rises to 3.9 percent

Total nonfarm payroll employment grew by 312,000 in December, an increase from last month’s upwardly revised reading of 176,000, according to the Bureau of Labor Statistics. The national unemployment rate rose from 3.7 percent to 3.9 percent. Private service-providing industries gained 227,000 jobs, led by education and health services, which added 82,000 jobs. Goods-producing employment rose by 74,000 jobs during ...

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ADP: 271,000 Jobs Added in December

The non-farm private sector added 271,000 jobs in December, according to the ADP National Employment Report. This followed a 179,000 job increase in November. Small businesses with fewer than 50 employees gained 89,000 jobs. Medium-sized businesses with 50-499 employees created 129,000, while large businesses added 54,000 jobs. “We wrapped up 2018 with another month of significant growth in the labor ...

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