Economy in Brief

The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index deteriorated to -12.7 during March from 36.7 in February. It was the first negative reading since February 2013. An index of [...]

The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index deteriorated to -12.7 during March from 36.7 in February. It was the first negative reading since February 2013. An index of [...]

Car registrations weakened sharply in January ahead of any virus effect in Europe. In February, sales edged higher by 2.2%. Still, that leaves sales/registrations falling at a 30% annual rate over three months, falling at a 32% annual [...]

The Mortgage Bankers Association reported that its Mortgage Loan Application Index weakened 8.4% (+175.3% y/y) during the week ending March 13 after a 55.4% jump in the prior week. The decline occurred as refinancings fell 10.4% [...]

Housing starts fell 1.5% (+39.2% y/y) during February to 1.599 million units (SAAR) from 1.624 million in January, revised from 1.567 million. Starts in December were revised down to 1.601 million from 1.626 million. The Action [...]

Housing starts fell 1.5% (+39.2% y/y) during February to 1.599 million units (SAAR) from 1.624 million in January, revised from 1.567 million. Starts in December were revised down to 1.601 million from 1.626 million. The Action [...]

The Bureau of Labor Statistics reported that the total job openings rate declined to 4.0% during December........ The Job Openings & Labor Turnover Survey (JOLTS) dates to December 2000 and the figures are available in Haver's USECON [...]

• • • • Capacity utilization in the manufacturing sector down to 75.1%, well below December 2018 cycle peak of 77.3%. Industrial production decreased 0.3% in January (-0.8% year-on-year) Industrial production and capacity data and US [...]