America’s economy decelerated in the final three months of 2017 according to Gross Domestic Product (GDP) data from the Bureau of Economic Analysis (BEA). On an inflation-adjusted annualized basis, output grew by 2.6 percent from October through December. This followed improvements of 3.1 percent and 3.5 percent in the second and third quarters respectively. Despite the
Industrial production continued growing in November 2017 according to the Federal Reserve. Rising 0.2 percent, this modest uptick followed the upwardly revised tally of 1.2 percent (originally 0.9 percent) in October. Including this third consecutive monthly gain, industrial production has increased 3.4 percent during the past year.
America’s trade deficit worsened as the fourth quarter of 2017 got underway. According to the Bureau of Economic Analysis, our nation’s trading shortfall reached $48.7 billion, up from the downwardly revised chasm of $44.9 billion in September (originally $43.5 billion). In short, the two components of trade (imports and exports) moved in opposite directions.
Economic output in America from July through September 2017 was even better than first counted. With more complete data collected, the Bureau of Economic Analysis now estimates gross domestic product (GDP) grew 3.3 percent on an inflation-adjusted annualized basis during the third quarter of this year, upwardly revised from 3.0 percent in the earliest estimate. Output improved by th
Economic activity continued advancing in October 2017 according to the Chicago Fed National Activity Index (CFNAI). This indicator, which represents a comprehensive look at the economy, increased to +0.65 after an upwardly revised advance of +0.36 in September (originally 0.17). For some context, October’s reading is the highest level of the current expansion! Additional
Economic output is poised to continue growing according to the latest data from the Conference Board’s Leading Economic Index (LEI). After the positively revised tally of 0.1 percent in September (initially minus 0.2 percent), this forward-looking indicator jumped 1.2 percent in October 2017. Nearly all of the LEI’s components supported this latest uptick.
America’s output of physically made goods continued growing in October 2017 according to the latest data from the Federal Reserve’s measure of Industrial Production. After two months of suppression caused by Hurricanes Harvey and Irma, this cyclically sensitive indicator maintains its positive trend. Notwithstanding the upward trajectory of the headline tally, details we
Retail sales gained in October 2017 according to the Census Bureau. After an upwardly revised tally of 1.9 percent (originally 1.6 percent) in September, receipts grew 0.2 percent. This slowdown was anticipated because the prior month’s tally was influenced by post-hurricane vehicle replacement which caused auto sales to jump 4.6 percent as the third-quarter came to a close.
According to anecdotal evidence, slacklining is gaining popularity. I have seen participants engaged in the balancing act more frequently lately. Slacklining is an activity requiring stability and various levels of tension. Essentially, a line is suspended between two trees with a modest amount of “slack” creating a dynamic line which will stretch and bounce while
America’s economy added many jobs in October 2017 according to the Bureau of Labor Statistics. Employers filled 261,000 new jobs to start the final quarter of the year. Additionally, the dismal tally reported a month earlier (minus 33,000) was upwardly revised to positive 18,000 net new jobs, and another 39,000 jobs were added to the August tally. This revision restores