Thursday, July 24, 2014
Inquirer Daily News

POSTED: Tuesday, May 27, 2014, 11:30 AM
In this photo taken May 14, 2014, Jody Dickman, of Pittsburgh walks in the Shadyside section of Pittsburgh after shopping for a workout outfit at an Athleta store. The private Conference Board reports on consumer confidence for May on Tuesday, May 27, 2014. (AP Photo/Gene J. Puskar)

INDICATOR: April Durable Goods Orders and May Consumer Confidence

KEY DATA: Durables: +0.8%; Excluding Defense: -0.8%; Business Investment: -1.2%/ Consumer Confidence: up 1.3 points

IN A NUTSHELL: "Confidence is rising and coupled with solid goods orders and growing backlogs, it looks like growth is indeed picking up."

Joel L. Naroff @ 11:30 AM  Permalink | 0
POSTED: Friday, May 23, 2014, 12:37 PM
A new home for sale. (File photo: Seth Perlman / Associated Press)

INDICATOR: April New Home Sales

KEY DATA: Sales: up 6.4%; Median Prices (Year-over-Year) down 1.3%

IN A NUTSHELL: "Despite the improvement in the new home market, it cannot be said the housing market is recovering a whole lot from the winter wipeout."

Joel L. Naroff @ 12:37 PM  Permalink | 0
POSTED: Thursday, May 22, 2014, 11:04 AM
This Monday, May 19, 2014 photo shows a duplex home for sale in the Coconut Grove neighborhood in Miami. The National Association of Realtors reports on existing-home sales in April on Thursday, May 22, 2014. (AP Photo/Lynne Sladky)

INDICATOR: April Existing Home Sales, Leading Indicators and Weekly Jobless Claims

KEY DATA: Home Sales: +1.3%; Leading Indicators: +0.4%; Claims: 326,000 (up 28,000)

IN A NUTSHELL: "Warmer April weather has not been the tonic that realtors hoped for but it still looks like growth will accelerate going forward."

Joel L. Naroff @ 11:04 AM  Permalink | 0
POSTED: Friday, May 16, 2014, 11:25 AM
FILE - In this March 26, 2014 photo, a builder works on a home under construction in northwest Chicago. The Commerce Department reports on U.S. home construction in April on Friday. May 16, 2014. (AP Photo/Nam Y. Huh, File)

INDICATOR: April Housing Starts and Permits

KEY DATA: Starts: up 13.2%; 1-Family: up 0.8%; Permits: up 8%; 1-Family: up 0.3%

IN A NUTSHELL: "We have been looking for signs that the winter weather was the cause of the economic discontent and the sharp increase in home construction seems to argue that was the case."

Joel L. Naroff @ 11:25 AM  Permalink | 0
POSTED: Tuesday, May 13, 2014, 10:42 AM
FILE - In this March 12, 2014, file photo, Anneka Johnson, of Estonia, walks with her son while shopping at Aventura Mall, in Aventura, Fla. The Commerce Department releases retail sales data for April on Tuesday, May 13, 2014. (AP Photo/Lynne Sladky, File)

INDICATOR: April Retail Sales and Import Prices

KEY DATA: Sales: +0.1%; Excluding Vehicles: 0.0%/Import Prices: -0.4%; Excluding Fuel: 0.0%; Export Prices: -1.0%; Farm: +1.4%

IN A NUTSHELL: "Consumers paused in April, but with the weather improving and prices under control, that could change very quickly."

Joel L. Naroff @ 10:42 AM  Permalink | 0
POSTED: Tuesday, May 6, 2014, 11:16 AM
In this March 27, 2014 picture, a Mercedes-Benz sedans sit inside a car-carrier before being hauled away for distribution from the company's Vehicle Processing Center in Baltimore. The Commerce Department reports on the U.S. trade deficit for March on Tuesday, May 6, 2014. In February, the gap climbed to its highest level in five months as demand for American exports fell while imports rose slightly. (AP Photo/Patrick Semansky)

INDICATOR: March Trade Deficit

KEY DATA: Deficit: $40.4 billion ($1.5 billion narrower); Exports: up 2.1%; Imports: up 1.1%

IN A NUTSHELL: "Growing exports are another sign that the economy is really starting to accelerate."

Joel L. Naroff @ 11:16 AM  Permalink | 0
POSTED: Friday, May 2, 2014, 10:47 AM
FILE - In this Jan. 22, 2014, file photo, job seekers sign in before meeting prospective employers during a career fair at a hotel in Dallas. (AP Photo/LM Otero)

INDICATOR: April Employment Report

KEY DATA: Payrolls: +288,000; Private: +273,000; Unemployment Rate: 6.3% (down 0.4 percentage point)

IN A NUTSHELL: "It is clear that firms are hiring again but we still need wages to rise faster if the economy is to really accelerate."

Joel L. Naroff @ 10:47 AM  Permalink | 0
POSTED: Wednesday, April 30, 2014, 3:21 PM
Federal Reserve building (AP Photo/J. Scott Applewhite, File)

April 30 '14 FOMC Meeting

In a Nutshell: "... growth in economic activity slowed during the winter months, in part reflecting adverse weather conditions. Labor market indicators were mixed but on balance showed further improvement."

Rate Decision: Fed funds rate maintained at a range between 0% and 0.25%

Joel L. Naroff @ 3:21 PM  Permalink | 0
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
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