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Here
is a quick summary of a the key US economic indicators released today:
Producer Price Index (PPI); Industrial production and capacity
utilization; International capital flows; Housing confidence index; MBA
Mortgage Applications Survey.
Continue reading... "US Economic Indicators: Trade Deficit Declines 1%; Wholesale Trade Jumps 1%" »
Here
is a quick summary of the key U.S. economic indicators released today: ISM
Services Index slows; Factory Orders increased; Pending Home Sales eased;
December retail sales rose 3.1%; Auto Sales decline; Challenger layoff
report; and Monsters Online Employment report.
Despite
the drag from residential housing, solid
growth in other sectors, particularly business investment and trade, will
limit the negative impact of housing on the overall economy,
and will find a "soft landing" in 2007, according to the
National Association of Manufacturers' 2007 Economic Outlook.
Continue reading... "Manufacturing Growth Slows to 2.8% in 2007: NAM 2007 Economic Outlook" »
New
orders for manufactured durable goods in November increased $4.0 billion
or 1.9 percent to $214.2 billion, the U.S. Census Bureau announced
today. This was the third increase in the last four months and
followed an 8.2 percent October decrease.
Continue reading... "Durable Goods Orders up 1.9% to $214.2 billion in November" »
Major
U.S. service industries revenue for the third quarter of 2006 was little
over $875 billion, according to the Department of Commerce data. U.S.
information sector revenue for the third calendar quarter of 2006,
was $261.7 billion, an increase of 0.6% from the second quarter of 2006
and up 5.8% from the third quarter of 2005.
Continue reading... "U.S. Service Sector Generated Over $875 billion Revenue in Q3 2006" »
Continue reading... "Quarterly Profits at Manufacturing Corporations Jump to $124.3 billion" »
U.S. retail and food services sales for November increased 1% from the previous month to $368.9 billion, according to the U.S. Census Bureau. Retail sales are up 5.6% from an year ago period in November 2005. Total sales for the September through November 2006 period were up 5.3% from the same period a year ago.
Continue reading... "Economic Indicators for Today: Retail Sales, Business Inventories" »
Non-employer
firms or Microbusinesses are often home-based ventures with no paid
employees and generally at least $1,000 in annual revenue. In an
analysis for USA TODAY, the Small Business Administration estimates
the number of these firms reached the 20 million mark for the first time
this year.
The
ISM index of activity in the service sector, which makes up about
two-thirds of the U.S. economy, rose to 58.9 in November from 57.1
in October, according
to the latest Non-Manufacturing ISM Report On Business.
A reading above 50 indicates expansion, while a reading below 50 signals
contraction.
Continue reading... "Service Sector, Which is 2/3 of US Economy, Grows Faster in November - ISM" »
