Economy in Brief: May 2020

Mirroring the weakness reported last month for durable goods orders and industrial production, each component of factory sector activity declined in March. Factory orders dropped 10.3% (-11.4% y/y) during March following a little- [...]

• • • The value of construction put-in-place dropped 1.3% in February ....... The construction spending figures, some of which date back to 1946, as well as and US Population-Weighted Heating and Cooling Days can be found in Haver's [...]

• Vehicle sales declined 49.6% in last two months. • Car & light truck sales each suffer large losses. Would-be motor vehicle buyers avoided dealer showrooms in April for a second straight month due to higher unemployment, fear of the [...]

The manufacturing PMI readings fell significantly everywhere globally. But in China where the gauge did lose standing it barely ticked below 50, indicating contraction. Japan showed the second most resilience with its manufacturing [...]

• The Composite Index declined to the lowest level since April 2009. • The orders, production & employment indexes fell significantly. • Pricing power evaporated. With the continued pressure from the coronavirus, the Composite index [...]

• Construction spending increased 0.9% in March with downwards revisions to previous months. • Residential activity grew 2.3% while nonresidential edged down 0.1%. • Forward-looking indicators such as mortgage applications and state [...]

• The Composite Index declined to the lowest level since April 2009. • The orders, production & employment indexes fell significantly. • Pricing power evaporated. With the continued pressure from the coronavirus, the Composite index [...]

• The Composite Index declined to the lowest level since April 2009. • The orders, production & employment indexes fell significantly. • Pricing power evaporated. With the continued pressure from the coronavirus, the Composite index [...]