Friday, December 19, 2014

POSTED: Monday, December 1, 2014, 11:29 AM

INDICATOR: November Supply Managers’ Manufacturing Survey

KEY DATA: ISM: 58.7 (-0.3 point); New Orders: up 0.2 point; Employment: -0.6 point

IN A NUTSHELL: "Manufacturing continues at a robust pace and with orders soaring, it is likely that conditions will only get better."

Joel L. Naroff @ 11:29 AM  Permalink | 0 comments
POSTED: Wednesday, November 26, 2014, 4:15 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:  October New Home Sales, Pending Home Sales and November Consumer Confidence

KEY DATA:  New Homes: +0.7%/Pending Sales: -1.1%/Consumer Comfort: up 2.2 points 

IN A NUTSHELL:  “The housing market is marking time but improving consumer confidence may be coming at just the right time.”

Joel L. Naroff @ 4:15 PM  Permalink | 0 comments
POSTED: Tuesday, November 25, 2014, 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:  Revised Third Quarter GDP and November Consumer Confidence

KEY DATA:  GDP: 3.9% (up from 3.5%); Year-over-Year: 2.4%; Corporate Profits: +2.1%/Consumer Confidence: down 5.4 points

IN A NUTSHELL:  “The economy really is growing solidly, which makes the decline in confidence very strange.” 

Joel L. Naroff @ 11:28 AM  Permalink | 0 comments
POSTED: Thursday, November 20, 2014, 3:24 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:  October Existing Home Sales, Leading Indicators and November Philadelphia Fed Index

KEY DATA:  Home Sales: +1.5%; Leading Indicators: +0.9%; Phila. Fed: up 20.1 points

IN A NUTSHELL:  “It is looking more and more like the economy is accelerating.”

Joel L. Naroff @ 3:24 PM  Permalink | 0 comments
POSTED: Tuesday, November 18, 2014, 3:11 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:   October Producer Price Index and November Home Builders’ Index

KEY DATA:  PPI: +0.2%; Goods: -0.4%; Services: +0.5%: Food: +1.0%; Energy: -3.0%/NAHB: up 4 points

IN A NUTSHELL:  “While wholesale inflation remains modest, what energy is giving, food is taking away.

Joel L. Naroff @ 3:11 PM  Permalink | 0 comments
POSTED: Monday, November 17, 2014, 4:19 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:  October Industrial Production

KEY DATA:  IP: -0.1%; Manufacturing: +0.2%; Mining: -0.9%

IN A NUTSHELL:  “The manufacturing sector remains the rock on which the improving economy is being built, but it needs some help.”

Joel L. Naroff @ 4:19 PM  Permalink | 0 comments
POSTED: Friday, November 7, 2014, 12:03 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:  October Employment Report

KEY DATA:  Payrolls: 214,000: Revisions: +31,000; Private Sector: 209,000; Unemployment Rate: 5.8% (down from 5.9%); Hourly Wages: +0.1%; Year-over-Year: 1.9%

IN A NUTSHELL:  “Though people are coming into the workforce and finding jobs, we still need hiring to be stronger before we will see wage gains accelerate and worker confidence improve.”

Joel L. Naroff @ 12:03 PM  Permalink | 0 comments
POSTED: Thursday, November 6, 2014, 4:11 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:  Third Quarter Productivity and Weekly Jobless Claims

KEY DATA:  Productivity: +2%; Year-over-Year: +0.9%; Unit Labor Costs: +0.3%; Year-over-Year: +2.4%/Jobless Claims: 278,000 (down 10,000)

IN A NUTSHELL:  “As the labor market continues to firm, there are growing hints, but still just hints, that wage pressures are starting to build.”

Joel L. Naroff @ 4:11 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 at joel@naroffeconomics.com .

Joel Naroff
Business Videos:
Also on Philly.com:
Stay Connected