Economy in Brief: March 2020

• Construction spending hammered 1.8% higher in January. • Unseasonably warm weather in January very likely played a role. • Meaningful upward revisions to previous months should raise construction activity in Q4 GDP. The value of [...]

Let me explain the title. The coronavirus is spreading. And that is clear. The impact on China is huge. That is clear. And yet no economist will forecast recession anywhere- or so it seems. We hear of zero growth or zero growth for [...]

• Production & new orders weakness offset by slower product delivery speeds. • Pricing power eases. Activity in the factory slowed last month. The Institute for Supply Management (ISM) reported that its composite index of [...]

• Construction spending hammered 1.8% higher in January. • Unseasonably warm weather in January very likely played a role. • Meaningful upward revisions to previous months should raise construction activity in Q4 GDP. The value of [...]