Browsing: January 2019

Economy

Consumer credit increased at a seasonally adjusted annual rate of 5 percent in January. Total outstanding credit increased $17.0 billion during the month to $4.034 trillion. Revolving credit, largely a reflection of credit card debt, increased at an annual rate of 3.0 percent to $1.06 trillion, following a 1.2 percent increase in December. Non-revolving credit

Economy

Existing-home sales dipped 1.2 percent in January, a minor drop for the third consecutive month, to a seasonally adjusted annual rate of 4.94 million in January, according to the National Association of Realtors (NAR). This followed a 1.2 percent decrease in December. Sales are 8.5 percent below the January 2017 level. Lawrence Yun, NAR’s chief

Economy

Producer prices declined 0.1 percent in January, seasonally adjusted, after decreasing 0.1 percent in December, according to the U.S. Bureau of Labor Statistics. Producer prices rose 2.0 percent on an un-adjusted basis for the twelve months ending in January. The index for final demand goods moved down 0.8 percent in January, the largest decrease since

Economy

The Consumer Price Index remained unchanged on a seasonally adjusted basis, according to U.S. Bureau of Labor Statistics. This followed a marginal decline in December. Over the last 12 months, the all-items index rose 1.6 percent, the second month of sub 2 percent growth. Prices for all items less food and energy, the “core CPI,”

Economy

The NFIB Small Business Optimism Index declined to 101.2, 3.2 points below December’s reading. This is the lowest reading since the last three weeks of November 2016, when the index experienced a seven-point boost from 95 to 102 following the announcement of the election results. Twenty percent of business owners surveyed said the next three

Economy

The ISM Non-Manufacturing Index registered 56.7 points in January, 1.3 percentage points down from December’s figure. This was the 108th consecutive month of expansion as a reading above 50 indicates growth. Eleven non-manufacturing industries reported growth, while seven reported a contraction. Respondents are concerned about the impacts of the government shutdown but remain mostly optimistic about

Economy

The ISM Manufacturing Index registered 56.6 points in January, up 2.3 percentage points from the previous month, according to the Institute for Supply Management. January’s reading indicates the one-hundred-and-seventeenth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Of the eighteen manufacturing industries, fourteen reported growth, while only one, Nonmetallic Mineral

Economy

Total nonfarm payroll employment grew by 304,000 in January, an increase from last month, according to the Bureau of Labor Statistics. The national unemployment rate rose from 3.9 percent to 4.0 percent. Private service-providing industries gained 224,000 jobs, led by leisure and hospitality, which added 74,000 jobs. Goods-producing employment rose by 72,000 jobs during the

Economy

The Conference Board Consumer Confidence Index decreased 6.4 points to 120.2 in January. The Present Situation Index declined slightly by 0.3 points to 169.6. The Expectations Index fell 10.4 points to 87.3. “Consumer Confidence declined in January, following a decrease in December,” said Lynn Franco, Senior Director of Economic Indicators at The Conference Board. “The

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