Economy in Brief: 2020

Personal income increased 0.6% (4.0% y/y) in February as it did in January. A 0.4% rise had been expected in the Action Economics Forecast Survey. Wages & salaries improved 0.5% (3.3% y/y) for a second month, reflecting strength in [...]

Personal consumption expenditures rose 0.2% (4.9% y/y) in February, the same as in January. A 0.3% gain had been expected. In constant dollars, total spending edged 0.1% higher (3.0% y/y) for a third consecutive month. Real durable [...]

U.S. GDP was unrevised in the fourth quarter of 2019 at 2.1% (SAAR) the same as in the advance estimate and the February report. The latest number followed 3.1% in Q1 2019, 2.0% in Q2 and 2.1% in Q3, producing Q4/Q4 growth of 2.3% and [...]

PREVIOUS >>> Initial jobless claims for unemployment insurance surged by 70,000 to 281,000 (+28.3% y/y) in the March 14 week........ Continuing claims for unemployment insurance were 1.701 million in the week ended March 7............ [...]

In lockstep with other regional Fed indexes recently released, the Federal Reserve Bank of Kansas City reported that its reading of manufacturing business activity plunged to -17 in March following February's improvement to 5. It was [...]

While Angela Merkel's conservative party is rising in the polls for its crisis management skills, the German economy and the German public are nonetheless experiencing greatly deteriorating conditions and expectations. GfK's look- [...]

Previous http://www.haver.com/comment/comment.html?c=200227D.html http://www.haver.com/comment/comment.html?c=200130C.html this has 3rd release -- corporate profit chart http://www.haver.com/comment/comment.html?c=191220A.html The [...]

U.S. GDP was unrevised in the fourth quarter of 2019 at 2.1% (SAAR) the same as in the advance estimate and the February report. The latest number followed 3.1% in Q1 2019, 2.0% in Q2 and 2.1% in Q3, producing Q4/Q4 growth of 2.3% and [...]