Tag Archives: January 2019

Producer Prices Edge Down 0.1 percent in January

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 September 2015. The index for ...

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Consumer Prices Unchanged in January

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,” grew 0.2 percent for the ...

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Small Business Optimism Index Declines in January

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 months was a good time ...

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ISM: Non-Manufacturing Sector Growth Slows Slightly in January

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 overall business conditions. Growth in ...

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Manufacturing Sector Growth Bounces Back in January

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 Products, reported contraction. Seven of ...

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304,000 Jobs Added in January, Unemployment Rate rises to 4.0 percent

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 month, as gains in construction ...

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Consumer Confidence Decreases Again in January

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 Present Situation Index was virtually ...

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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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