Friday, February 27, 2015

POSTED: Wednesday, January 7, 2015, 3:05 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:  December ADP Jobs, Conference Board Help Wanted Online and November Trade Deficit

KEY DATA:  ADP: 241,000/Help Wanted Online: -79,200/Trade Deficit: $39 billion ($3.2 billion narrower)

IN A NUTSHELL:  “A solid labor market coupled with a narrowing trade deficit points to continued strong growth ahead.”

Joel L. Naroff @ 3:05 PM  Permalink | 0 comments
POSTED: Tuesday, January 6, 2015, 11:32 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:  January Supply Managers’ Non-Manufacturing Survey, November Durable Goods Orders and Home Prices

KEY DATA: ISM (Non-Manufacturing): -3.1 points/Employment: -0.7 point/Orders: -0.7%; Capital Spending: 0%/Home Prices (monthly): +0.1%; Over-the-Year: +5.5% 

IN A NUTSHELL: “The economy hardly ended the year with a bang, but only because the recent pace was not sustainable.”

Joel L. Naroff @ 11:32 AM  Permalink | 0 comments
POSTED: Friday, January 2, 2015, 1:43 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:  December Supply Managers’ Manufacturing Index and November Construction

KEY DATA:  ISM (Manufacturing): -3.2 points; Orders: -8.7 points; Employment: +1.9 points/Construction: -0.3%; Private Residential: +0.9%

IN A NUTSHELL:  “Manufacturing’s robust growth rate has slowed to only a strong pace.”

Joel L. Naroff @ 1:43 PM  Permalink | 0 comments
POSTED: Tuesday, December 30, 2014, 2:35 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:  December Consumer Confidence and August Home Prices

KEY DATA: Confidence: 92.6 (up 1.6 points)/National Home Prices (Year-over-Year): 4.6%

IN A NUTSHELL:  “The consumer is smiling and there is every reason to think the era of good feeling will continue next year.”

Joel L. Naroff @ 2:35 PM  Permalink | 0 comments
POSTED: Tuesday, December 23, 2014, 12:30 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:  Revised Third Quarter GDP, November Spending, Income, Durable Goods Orders and New Home Sales

KEY DATA: Starts: GDP: 5.0% (revised up from 3.9%)/Consumption: +0.6%; Disposable Income; +0.3%/Durable Orders: -0.7%; Private Investment: 0.0%/New Home Sales: -1.6%

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 12:30 PM  Permalink | 0 comments
POSTED: Monday, December 22, 2014, 12:07 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:  November Existing Home Sales

KEY DATA:  Sales: -6.1%; Year-over-Year: +2.1%; Median Prices (Year-over-Year): +5.0%

IN A NUTSHELL:  “The housing market may still be improving, but it is doing so with two steps forward and one back.”

Joel L. Naroff @ 12:07 PM  Permalink | 0 comments
POSTED: Thursday, December 18, 2014, 3:52 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:  FOMC Commentary, November Leading Indicators, December Philadelphia Fed Survey, Jobless Claims

KEY DATA:  Leading Indicators: +0.6%/Philadelphia Fed: 24.5 (-16.3 points)/Jobless Claims: 289,000 (down 6,000)

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 3:52 PM  Permalink | 0 comments
POSTED: Tuesday, December 16, 2014, 11:33 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:  November Housing Starts and Permits

KEY DATA: Starts: -1.6%; 1-Family: -5.6%; Multi-Family: +6.7%; Permits: -5.2%; 1-Family: -1.2%; Multi-Family: -11%

IN A NUTSHELL:  “The housing sector may not be restraining growth, but it is hardly adding much to it.”

Joel L. Naroff @ 11:33 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 at joel@naroffeconomics.com .

Joel Naroff
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