Monday, May 4, 2015

POSTED: Friday, May 1, 2015, 1:12 PM

INDICATOR: April Supply Managers’ Manufacturing Index, April Consumer Confidence and March Construction

KEY DATA: ISM: no change; Orders: +1.7 points; Employment: -1.7 points/ Confidence: +2.9 points; Construction: -0.6%

IN A NUTSHELL: “Consumers may be smiling more but they are not making manufacturers happy.”

Joel L. Naroff @ 1:12 PM  Permalink | 0 comments
POSTED: Tuesday, April 28, 2015, 1:39 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:   April Consumer Confidence and February Home Prices

KEY DATA:   Confidence: down 6.2 points/ National Home Prices (Monthly): +0.4%; Year-over-Year: +4.2%

IN A NUTSHELL:  “Consumer confidence faltered, but one good employment report could turn those frowns upside down.”

Joel L. Naroff @ 1:39 PM  Permalink | 0 comments
POSTED: Thursday, April 23, 2015, 11:28 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 New Home Sales and Weekly Jobless Claims

KEY DATA:  Sales: -11.4%; Prices (Year-over-Year): -1.7%/ Claims: up 1,000

IN A NUTSHELL:  “I guess few people could visit the construction sites earlier in the year, which may explain why new home sales tanked in March.”

Joel L. Naroff @ 11:28 AM  Permalink | 0 comments
POSTED: Wednesday, April 22, 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 Existing Home Sales and February FHFA Housing Prices

KEY DATA:  Home Sales: +6.1%; Median Prices (Year-over-Year): +7.8%; FHFA Prices (Monthly): +0.7%; FHFA Prices (Year-over-Year): 5.4%

IN A NUTSHELL:  “Spring has sprung and so have home sales and prices, further indications that the economic slowdown was largely weather driven.”

Joel L. Naroff @ 12:17 PM  Permalink | 0 comments
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
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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