Retails sales decelerated in August 2018 according to data from the Census Bureau. Retail receipts grew 0.1 percent in the period after gaining 0.7 percent in July. And that’s the rub; July’s tally was upwardly revised from an already strong 0.5 percent count in the initial report. This strength gave August a tough comparison, so even though the month-over-month gr
First quarter 2018 economic output was more moderate than earlier estimates suggested according to the Final Revision to Gross Domestic Product (GDP) from the Bureau of Economic Analysis (BEA). Their latest calculation indicates an annualized growth rate of 2.0 percent, downwardly revised from 2.2 percent in the second tally and 2.3 percent in the initial estimate. In sum, output sl
Sales of existing homes moved higher in May according to the Census Bureau. On a seasonally adjusted basis, transactions reached 689,000 units. This demonstrates an increase of 6.4 percent from April and 14.1 percent above the tally from a year ago. New home sales are helping push our economy ahead.
Economic output slowed in May 2018 according to the Chicago Fed National Activity Index (CFNAI). After reaching an upwardly revised +0.42 in April (originally +0.34), it declined to -0.15 in the middle of the second quarter. Unfortunately, this lower monthly tally hurt the three-month moving average which dropped to +0.18 from +0.48 to start the quarter.