Wednesday, April 23, 2014
Inquirer Daily News

POSTED: Wednesday, April 2, 2014, 10:26 AM

INDICATOR: March ADP Jobs Estimate and Help Wanted Online

KEY DATA: Private Payrolls: 191,000; Small: 72,000; Medium: 52,000; Large: 67,000/Help Wanted Ads: -292,000

IN A NUTSHELL: "Jobs are being created and the only question is when the gains will truly accelerate."

Joel L. Naroff @ 10:26 AM  Permalink | 0
POSTED: Friday, March 28, 2014, 3:58 PM
An Aldo store outside Pittsburgh. Uptick in retail sales in Feb. shows consumer spending has started to recover from the year's snowstorms and frigid weather. (Gene J. Puskar / Associated Press)

INDICATOR: February Income and Spending

KEY DATA: Consumption: +0.3%; Disposable Income: +0.3%; Prices: +0.1%

IN A NUTSHELL: "If this is winter-constrained spending, I cannot wait to see what happens when people can actually leave their homes."

Joel L. Naroff @ 3:58 PM  Permalink | 0
POSTED: Wednesday, March 26, 2014, 12:49 PM
In this Thursday, Jan. 16, 2014, photo, a woman walks through a display of refrigerators at a Lowe's store in Cranberry Township, Pa. (AP Photo / Gene J. Puskar)

INDICATOR: February Durable Goods Orders

KEY DATA: Orders: +2.2%; Excluding Transportation: +0.2%; Private capital spending: -1.3%

IN A NUTSHELL: "The demand for big-ticket items jumped in February but not for most products, which simply deepens the confusion about the state of the economy."

Joel L. Naroff @ 12:49 PM  Permalink | 0
POSTED: Tuesday, March 25, 2014, 1:48 PM
Sure, there's snow in the forecast, again, but even seedlings are starting to sprout. Will your money grow similarly?

INDICATOR: March Consumer Confidence and February New Home Sales

KEY DATA: Confidence: 82.3 (up 4 points); Expectations: up 7 points/New Home Sales: -3.3%

IN A NUTSHELL: "The winter may have frozen out home sales but consumers seem to be warming to the prospects of better times ahead and that bodes well for future growth."

Joel L. Naroff @ 1:48 PM  Permalink | 0
POSTED: Thursday, March 20, 2014, 1:17 PM
FILE - In this Thursday, Jan. 9. 2014, file photo, a sold sale sign hangs in front of a house in Mount Lebanon, Pa. The National Association of Realtors releases existing home sales for February on Thursday, March 20, 2014. (AP Photo/Gene J. Puskar, file)

INDICATOR: February Existing Home Sales, Leading Indicators and Jobless Claims

KEY DATA: Home Sales: -0.4%; Prices: +9.1%; Leading Indicators: +0.5%; Claims: 320,000 (up 5,000)

IN A NUTSHELL: "While the winter may have frozen out home sales, it looks like the economy and the labor market continues to firm."

Joel L. Naroff @ 1:17 PM  Permalink | 0
POSTED: Tuesday, March 18, 2014, 11:45 AM
A pedestrian walks along a snow covered pathway on Ben Franklin Parkway on Monday, March 17, 2014 after a few inches of snow fell on the city. (Colin Kerrigan / Philly.com)

INDICATOR: February Housing Starts and Consumer Price Index

KEY DATA: Starts: -0.2%; Permits: +7.7%/CPI: +0.1%; Excluding Food and Energy: +0.1%

IN A NUTSHELL: "The downside of the winter is that it has slowed a variety of sectors, but in doing so, it has kept inflation in check."

Joel L. Naroff @ 11:45 AM  Permalink | 0
POSTED: Monday, March 17, 2014, 11:16 AM
In this Tuesday, Feb. 18, 2014 photo, pint containers of Arctic Zero are filled, left, then spun around to be capped, at the company's factory in Pomona, Calif. (AP Photo / Reed Saxon)

INDICATOR: February Industrial Production

KEY DATA: Total Output: +0.6%; Manufacturing: +0.8%

IN A NUTSHELL: "Manufacturing rebounded in February but averaging the wild swings indicates activity hasn't done much this year."

Joel L. Naroff @ 11:16 AM  Permalink | 0
POSTED: Friday, March 14, 2014, 11:52 AM
In this Jan. 9, 2014 photo, Andy Hines, Linh Nyugen loads live lobsters into a cargo truck for delivery to local cafes after leaving the Miami airport. The Labor Department releases the Producer Price Index for February on Friday, March 14, 2014. (AP Photo/J Pat Carter)

INDICATOR: February Producer Price Index

KEY DATA: PPI: -0.1%; Goods: +0.4%; Services: -0.3%

IN A NUTSHELL: "With food and energy costs rising sharply once again, consumers will be feeling the pain soon and that is concern for consumption, even if it is not necessarily an inflation issue."

Joel L. Naroff @ 11:52 AM  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
Also on Philly.com:
Stay Connected