Browsing: Economy

Economy

Construction spending decreased 0.2% in March to a seasonally adjusted annual level (SAAL) of $1,218.3 billion, according to the Census Bureau. February’s spending estimate was revised to a rate of $1,220.7 billion. March’s figure is 3.6% greater than the March 2016 estimate of $1,176.4 billion. Total private construction was $940.2 billion SAAL, nearly the same

Economy

The ISM Manufacturing Index registered 54.8 points in April, down 2.4 percentage points from the previous month, according to the Institute for Supply Management. April’s reading indicates an eighth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Of the eighteen manufacturing industries, sixteen reported growth while one reported contraction. The

Economy

Following this week’s introduction of the Financial Choice Act, 52 state bankers associations wrote to House Financial Services Committee Chairman Jeb Hensarling to commend him for taking the first step toward addressing the negative impacts of the Dodd-Frank Act.

Economy

Consumer Sentiment increased 0.1 point in April to 97.0, according to the University of Michigan Consumer Sentiment Index. The Current Economic Conditions Index fell 0.5 point to 112.7, while the Consumer Expectations Index rose 0.5 point to 87.0. “Consumer sentiment continued to travel along the high plateau established following Trump’s election, with only minor deviations

Economy

Real GDP grew at a seasonally adjusted annual rate of 0.7% during the first quarter of 2017, according to the Bureau of Economic Analysis’s “advance” estimate, down from 2.1% in the fourth quarter. The deceleration in real GDP reflected a deceleration in personal consumption expenditures along with drawbacks in private inventory investment and in state

Economy

As part of the banking industry’s continuing response to President Trump’s executive order outlining “core principles” for financial regulation, ABA yesterday called for a full repeal of the Dodd-Frank Act’s complex Volcker Rule.

Economy

New orders for manufactured durable goods increased 0.7% in March to $238.7 billion, following a 2.3% February increase, according to the U.S. Census Bureau. New orders excluding defense rose 0.1% on the month, as orders of nondefense capital goods increased 1.2% to $75.0 billion. Shipments of manufactured durable goods increased 0.2% to $239.8 billion. Inventories

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