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Several recent economic indicators, with the exception of a measure of the total output from the nation’s factories, mines and utilities production, have all moved higher. That indicates economic activity in the first month to month and a half of 2017 is still very much alive, despite recent concerns about the future following stock market gyrations.
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Consumers are feeling less upbeat, due to uncertainty about economic conditions following the tax overhaul recently signed into law, according to a new report. Meanwhile the level of new home construction last year was the best in a decade despite a December decline.
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New economic reports this week paint a picture of a U.S. economy that continues to gain momentum following a slow start to the year, due in part to increased e-commerce – despite some bumps in the road for manufacturing and housing.
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The U.S. manufacturing sector had a solid start to 2017, with overall operating conditions improving at the quickest pace for nearly two years, according to a preliminary report from IHS Markit.
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While the amount of U.S. industrial production was unchanged in October after falling 0.2% in September, manufacturing managed to squeeze out a gain, as optimism in the housing market continued amid signs of slower than usual growth.
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While the strength of nation’s homebuilding market has eased just a bit, it remains robust. Meanwhile, a measure of consumer prices show it’s approaching a level the Federal Reserve has said it needs to hit in order to raise interest rates.
Read More →The output from the nation's factories, mines and utilities increased in July, the largest gain since November 2014, and there also are improvements in housing and e-commerce. But there is disagreement over what the latest inflation numbers mean for interest rates.
Read More →A new preliminary report shows U.S. manufacturing rising this month at its fastest pace since November 2015, following a post-Great-Recession low in May – "an encouraging sign of revival," says financial information services provider Markit.
Read More →Retail prices in the U.S. posted their biggest gain in three years during April, while industrial production increased the most in more than a year, as e-commerce and housing starts remain healthy.
Read More →The number of housing starts in the U.S. fell more than expected in March, but home builder confidence in the market remains strong, according to two new reports.
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