Orders for durable goods declined in January 2018 according to the Census Bureau. Falling 3.7 percent to $239.7 billion, this indicator gave back all of December’s downwardly revised gain of 2.6 percent (originally 2.9 percent) and then some. This most recent setback took the year-over-year number down from 11.3 percent to 6.8 percent, signaling some deceleration from the nati
Retail sales suffered a setback to start 2018 per the latest data from the Census Bureau. The headline tally declined 0.3 percent, but it gets worse. December’s figures were downwardly revised to unchanged after an initial reading of 0.4 percent which should push the nation’s fourth-quarter gross domestic product (GDP) count lower when its revision is released later this
Durable Goods Orders jumped in December 2017 according to the Census Bureau. Rising 2.9 percent to $249.4 billion, the most recent uptick followed November’s upwardly revised tally of 1.7 percent (originally 1.3 percent). From the vantage point of this indicator’s headline, the outlook for the economy is positive as orders for wares expected to last at least three years
Sales of new homes fell in December 2017 according to the Census Bureau. Signed contracts declined 9.3 percent in the period to 625,000 units on an annualized rate.
Retail sales added to economic output as 2017 came to a close according to the Census Bureau. Spending totaled $495.4 billion in December, rising 0.4 percent. Compared to a year earlier, retail sales improved 5.4 percent. Additionally, November’s count was revised upward to 0.9 percent from the already impressive 0.8 percent jump in the initial release.
New home sales growth was strong in November 2017 according to data from the Census Bureau. Rising to 733,000 units on a seasonally adjusted annualized basis, its 17.5 percent surge is the largest in 25 years. Compared to a year earlier, transactions increased 26.6 percent.