Tuesday, April 21, 2015

POSTED: Friday, April 17, 2015, 12:19 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Consumer Prices, Real Earnings and Leading Indicators

KEY DATA:  CPI: +0.2%; Excluding Food and Energy: +0.2%/ Real Hourly Earnings: +0.1%/ Leading Indicators: +0.2%

IN A NUTSHELL:  “Inflation and earnings are rising moderately, not minimally, but I am not sure the Fed members want to admit that.”

Joel L. Naroff @ 12:19 PM  Permalink | 0 comments
POSTED: Tuesday, April 14, 2015, 12:17 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Retail Sales and Producer Prices

KEY DATA:  Sales: +0.9%; Excluding Vehicles: +0.4%/ PPI: +0.2%; Goods less Food and Energy: +0.2%

IN A NUTSHELL:  “Consumers are picking up the shopping pace but they can spend a whole lot more.”

Joel L. Naroff @ 12:17 PM  Permalink | 0 comments
POSTED: Friday, April 10, 2015, 11:48 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Import and Export Prices

KEY DATA:  Imports: -0.3%; Nonfuel: -0.4%; Exports: +0.1%; Farm: -1.7%

IN A NUTSHELL:  “Declining import prices provide fuel to the argument that the Fed doesn’t have to worry about inflation, at least for now.”

Joel L. Naroff @ 11:48 AM  Permalink | 0 comments
POSTED: Monday, April 6, 2015, 11:39 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Supply Managers’ Non-Manufacturing Survey and Conference Board’s Employment Trends Index

KEY DATA:  Sales: +1.2%; Year-over-Year: +4.7%; Prices (Year-over-Year): +7.5%

IN A NUTSHELL:  ISM (Non-Man.): -0.4 pt.; Orders: +1.1 pts.; Employment: +0.2 pt./ Employment Trends: -0.1%

Joel L. Naroff @ 11:39 AM  Permalink | 0 comments
POSTED: Friday, April 3, 2015, 11:38 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Employment Report

KEY DATA:  Orders: -1.4%; Excluding Aircraft: -0.4%; Capital Goods: -1.4%; Backlogs: -0.5%

IN A NUTSHELL:  “Businesses are showing distinct signs of cautiousness when it comes to buying big-ticket items.”

Joel L. Naroff @ 11:38 AM  Permalink | 0 comments
POSTED: Thursday, April 2, 2015, 12:59 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  February Trade Deficit, March Layoffs and Weekly Jobless Claims

KEY DATA:  Deficit: -$35.4 billion ($7.2 billion narrower)/ Layoffs: down 14,000/ Claims: down 20,000

IN A NUTSHELL:  “The job market remains quite strong, vehicle sales are rebounding and with the trade deficit not as bad as expected, first quarter growth could be a pleasant surprise.”

Joel L. Naroff @ 12:59 PM  Permalink | 0 comments
POSTED: Wednesday, April 1, 2015, 11:36 AM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  March Supply Managers’ Manufacturing Activity, ADP Employment and Help Wanted Online

KEY DATA:  ISM (Non-Manufacturing): -1.4 points; Employment: -1.4 points/ ADP: 189,000/ Help Wanted: +15,200

IN A NUTSHELL:  “The economic-growth ebb and flow remains on the ebb side.”

Joel L. Naroff @ 11:36 AM  Permalink | 0 comments
POSTED: Monday, March 30, 2015, 4:14 PM
iStock photo of $100 bills. A western Pennsylvania teen will spend four years on probation for bleaching 18 $5 bills that he reprinted as $100s and spent at several businesses.

INDICATOR:  February Spending, Income and Pending Home Sales

KEY DATA:  Consumption: +0.1%; Disposable Income: +0.4%; Prices: +0.2%; Excluding Food and Energy: +0.1%/ Pending Home Sales: +3.1%

IN A NUTSHELL:  “Income is rising solidly but a lot is going into savings.”

Joel L. Naroff @ 4:14 PM  Permalink | 0 comments
About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel L. at joel@naroffeconomics.com .

Joel L. Naroff
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