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A measure of where the economy is headed turned positive for the sixth consecutive month, according to a new report, as a separate one showed another big gain in e-commerce retail sales.
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The latest economic reports show a further increase in U.S. manufacturing output and a firm footing for the overall economy, but raised some questions about where employment and labor are going, while there were mixed results for existing-home sales.
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Manufacturing activity this month hit a three-year high, while other reports showed healthy increases in where the economy is headed over the next several months.
Read More →A barometer of where the U.S. economy is headed over the next several months showed it continued to increase, according to a report released on Thursday, while a separate one revealed sales of new homes in the U.S. tumbled in the final month of last year but improved for all of 2017.
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The American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index rose 3.3% in October, following a 1.9% decline during September.
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Existing-home sales increased in October to their strongest pace since earlier this summer, according to a new report, while a separate one showed the overall U.S. economy continued growing at a strong pace last month.
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A first-look at how the manufacturing economy is performing this month shows conditions have improved to a two-month high, while a separate report indicates the overall economy improved again in August as the outlook calls for continued growth through the second half of the year.
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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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A first look at the nation’s manufacturing sector this month shows conditions have hit a nine-month low, while home sales have roared back amid near-term expectations the overall economy will continue with a moderate expansion.
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There are good indications the U.S. economy will further strengthen following recent reports that conditions slowed a bit in the first quarter of the year and at the beginning of the second quarter.
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