University of Michigan Consumer Confidence April 2024 Results down to 77.2 Posted: April 26, 2024 at 10:00 AM (Friday)Sentiment has remained essentially unchanged since January 2024, continuing the plateau that followed the large gains seen at the end of 2023, according to the University of Michigan Surveys of Consumers.
The long-run business outlook lifted slightly to reach its highest reading since June 2021, while views of personal finances softened amid renewed discontent with high prices, said U-M economist Joanne Hsu, director of the Surveys of Consumers. Overall, consumers perceived ... |
Personal Income Increased 0.5%, Spending Increased 0.8% in March 2024 Posted: April 26, 2024 at 08:30 AM (Friday)Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $104.0 billion (0.5 percent) and personal consumption expenditures (PCE) ... |
Kansas City Fed Manufacturing Activity Fell Again in April 2024 Posted: April 25, 2024 at 11:00 AM (Thursday)The month-over-month composite index was -8 in April, down from -7 in March and -4 in February. The composite index is an average of the production, new orders, employment, supplier delivery time, and raw materials inventory indexes. Activity declined somewhat for both durable and nondurable goods, with food, metals, electrical equipment, ... |
Pending Home Sales increased 3.4% in March 2024 Posted: April 25, 2024 at 10:00 AM (Thursday)Pending home sales in March climbed 3.4%, according to the National Association of REALTORS®. The Northeast, South and West posted monthly gains in transactions while the Midwest recorded a loss. Year-over-year, the Northeast and South registered decreases but the Midwest and ... |
1Q2024 GDP advance estimate increased 1.6% Posted: April 25, 2024 at 08:30 AM (Thursday)Real gross domestic product (GDP) increased at an annual rate of 1.6 percent in the first quarter of 2024 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2023, real GDP increased 3.4 percent.
The GDP estimate released today is based on source data that are incomplete or subject to further revision by the source agency (refer to "Source Data for the Advance Estimate" on page 3). The "second" estimate for the first quarter, based on more complete source data, will ... |
Philadelphia Fed NonManufacturing Survey suggest activity declined in April 2024 Posted: April 25, 2024 at 08:30 AM (Thursday)Nonmanufacturing activity in the region expanded overall this month, according to the firms responding to the April Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, new orders, and sales/revenues were all positive. The full- and part-time employment indexes suggest overall increases in employment. ... |
Weekly Initial Unemployment Claims Decrease 5,000 to 207,000 Posted: April 25, 2024 at 08:30 AM (Thursday)In the week ending April 20, the advance figure for seasonally adjusted initial claims was 207,000, a decrease of 5,000
from the previous week's unrevised level of 212,000. The 4-week moving average was 213,250, a decrease of 1,250 from
the previous week's unrevised average ... |
March 2024 New Orders for Durable Goods increased 2.6%, Ex-Trans up 0.2% Posted: April 24, 2024 at 08:30 AM (Wednesday)New Orders
New orders for manufactured durable goods in March, up two consecutive months, increased $7.3 billion or 2.6 percent to $283.4 billion, the U.S. Census Bureau announced today. This followed a 0.7 percent February increase. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders increased 2.3 ... |
Purchase Apps down, Refi's down in Latest MBA Weekly Survey Posted: April 24, 2024 at 07:00 AM (Wednesday)Mortgage applications decreased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 2.7 percent on a seasonally adjusted basis from one ... |
New Home Sales in March 2024 at annual rate of 693,000 Posted: April 23, 2024 at 10:00 AM (Tuesday)New Home Sales
Sales of new single‐family houses in March 2024 were at a seasonally adjusted annual rate of 693,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 8.8 percent (±17.2 percent)* above the revised February rate of 637,000 and is 8.3 percent ... |
Richmond Fed's Current Activity remained slow at −7 in April 2024 Posted: April 23, 2024 at 10:00 AM (Tuesday)Fifth District manufacturing activity remained slow in April, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index increased from −11 in March to −7 in April. Of its three component indexes, shipments increased from −14 to −10, new orders increased from −17 to −9, and employment fell ... |
Chicago Fed National Activity Index suggests economic growth increased in March 2024 Posted: April 22, 2024 at 08:30 AM (Monday)The Chicago Fed National Activity Index (CFNAI) increased to +0.15 in March from +0.09 in February. Two of the four broad categories of indicators used to construct the index increased from February, and two categories made positive contributions in March. The index's three-month moving average, CFNAI-MA3, increased to –0.19 in March from –0.28 ... |
U.S. Leading Economic Index decreased by 0.3% in March 2024 Posted: April 18, 2024 at 10:00 AM (Thursday)The Conference Board Leading Economic Index® (LEI) for the U.S. decreased by 0.3 percent in March 2024 to 102.4 (2016=100), after increasing by 0.2 percent in February. Over the six-month period between September 2023 and March 2024, the LEI contracted by 2.2 percent—a smaller decrease than the 3.4 percent decline over the previous ... |
Existing-Home Sales Decreased 4.3% in March 2024 Posted: April 18, 2024 at 10:00 AM (Thursday)Existing-home sales slipped in March, according to the National Association of REALTORS®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose in the Northeast for the first time since November 2023. Year-over-year, sales decreased in ... |
Philadelphia Fed Mfg Outlook Activity expanded in April 2024 Posted: April 18, 2024 at 08:30 AM (Thursday)Manufacturing activity in the region continued to expand this month, according to the firms responding to the April Manufacturing Business Outlook Survey. The survey's indicators for general activity, new orders, and shipments all rose. However, the employment index remained negative. Both price indexes continue to suggest overall price ... |
Weekly Initial Unemployment Claims unch% at 212,000 Posted: April 18, 2024 at 08:30 AM (Thursday)In the week ending April 13, the advance figure for seasonally adjusted initial claims was 212,000, unchanged from the
previous week's revised level. The previous week's level was revised up by 1,000 from 211,000 to 212,000. The 4-week
moving average was 214,500, unchanged from the previous week's revised average. The previous week's ... |
Treasury International Capital Data for February 2024 Posted: April 17, 2024 at 04:00 PM (Wednesday)The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2024. The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $51.6 billion. Of this, net foreign private inflows were $36.2 billion, and ... |
Beige Book: Economic Activity expanded slightly, on balance, since late February Posted: April 17, 2024 at 02:00 PM (Wednesday)Overall Economic Activity
Overall economic activity expanded slightly, on balance, since late February. Ten out of twelve Districts experienced either slight or modest economic growth—up from eight in the previous report, while the other two reported no changes in activity. Consumer spending barely increased overall, but reports were quite ... |
Purchase Apps up, Refi's up in Latest MBA Weekly Survey Posted: April 17, 2024 at 07:00 AM (Wednesday)Mortgage applications increased 3.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 12, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 3.3 percent on a seasonally adjusted basis from one ... |
March 2024 Industrial Production rose 0.4%, Capacity Utilization moved up to 78.4% Posted: April 16, 2024 at 09:15 AM (Tuesday)Industrial production rose 0.4 percent in March but declined at an annual rate of 1.8 percent in the first quarter. Manufacturing output increased 0.5 percent in March, boosted in part by a gain of 3.1 percent in motor vehicles and parts; factory output excluding motor vehicles and parts moved up 0.3 percent. The index for mining fell 1.4 ... |
March 2024 Housing Starts Decreased 14.7%, Permits down 4.3% Posted: April 16, 2024 at 08:30 AM (Tuesday)Building Permits
Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,458,000. This is 4.3 percent below the revised February rate of 1,523,000, but is 1.5 percent above the March 2023 rate of 1,437,000. Single‐family authorizations in March were at a rate of 973,000; this is ... |
Business Inventories up 0.4% in February 2024 Posted: April 15, 2024 at 10:00 AM (Monday)Sales
The combined value of distributive trade sales and manufacturers’ shipments for February, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,866.5 billion, up 1.6 percent (±0.2 percent) from January 2024 and was up 1.0 percent (±0.4 percent) from ... |
NAHB Builder Confidence unch% at 51 in April 2024 Posted: April 15, 2024 at 10:00 AM (Monday)Builder sentiment was flat in April as mortgage rates remained close to 7% over the past month and the latest inflation data failed to show improvement during the first quarter of 2024.
Builder confidence in the market for newly built single-family homes was 51 in April, unchanged from March, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This breaks a four-month period of gains for the ... |
U.S. Retail Sales for March 2024 up 0.7%, Ex-Auto up 1.1% Posted: April 15, 2024 at 08:30 AM (Monday)Advance estimates of U.S. retail and food services sales for March 2024, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $709.6 billion, up 0.7 percent (±0.5 percent) from the previous month, and up 4.0 percent (±0.5 percent) above March 2023. Total sales for the January 2024 through ... |
Empire State Manufacturing Survey Conditions continued to decline in April 2024 Posted: April 15, 2024 at 08:30 AM (Monday)Business activity continued to decline in New York State, according to firms responding to the April 2024 Empire State Manufacturing Survey. The headline general business conditions index rose seven points but remained below zero at -14.3. New orders and shipments both declined significantly, and unfilled orders continued to shrink. Delivery ... |
University of Michigan Consumer Confidence Preliminary March 2024 Results down to 77.9 Posted: April 12, 2024 at 10:00 AM (Friday)Sentiment moved sideways for the fourth straight month, as consumers perceived few meaningful developments in the economy. Since January, sentiment has remained remarkably steady within a very narrow 2.5 index point range, well under the 5 points necessary for a statistically significant difference in readings. Consumers perceived little change ... |
U.S. Import Price Index rose 0.4% in March 2024 Posted: April 12, 2024 at 08:30 AM (Friday)Prices for U.S. imports advanced 0.4 percent in March following a 0.3-percent rise the previous month, the
U.S. Bureau of Labor Statistics reported today. Higher prices for fuel and nonfuel imports contributed to the
overall increase. U.S. export prices rose 0.3 percent in March, after advancing 0.7 percent ... |
Producer Price Index increased 0.2% in March 2024, ex Fd & Engy rose 0.2% Posted: April 11, 2024 at 08:30 AM (Thursday)The Producer Price Index for final demand rose 0.2 percent in March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices moved up 0.6 percent in February and 0.4 percent in January. (See table A.) On an unadjusted basis, the index for final demand increased 2.1 percent for the 12 months ended in March, ... |
Weekly Initial Unemployment Claims Decrease 11,000 to 211,000 Posted: April 11, 2024 at 08:30 AM (Thursday)In the week ending April 6, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 11,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 221,000 to 222,000. The
4-week moving average was 214,250, a decrease of 250 from the previous week's revised average. The ... |
Wholesale Inventories up 0.5% in February 2024 Posted: April 10, 2024 at 10:00 AM (Wednesday)February 2024 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $673.7 billion, up 2.3 percent (±0.4 percent) from the revised January level and were up 0.8 percent (±1.1 percent)* from the revised February ... |
Conference Board Help Wanted OnLine Index increased in March 2024 to 151.4 Posted: April 10, 2024 at 10:00 AM (Wednesday)The Conference Board−Lightcast Help Wanted OnLine® (HWOL) Index rose in March 2024 to 151.4 (July 2018=100), up from a downwardly revised 145.9 in January. The 1.4 percent increase between March and February followed a 0.1 percent increase between February and January. Overall, the Index is down 7.8 percent from one ... |
Consumer Price Index increased 0.4% in March 2024, Ex Fd & Engy up 0.4% Posted: April 10, 2024 at 08:30 AM (Wednesday)The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in March on a seasonally adjusted basis, the same increase as in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.5 percent before ... |
Real Average Hourly Earnings unch% in March 2024 Posted: April 10, 2024 at 08:30 AM (Wednesday)All employees
Real average hourly earnings for all employees were unchanged from February to March, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with an increase of 0.4 percent in the Consumer Price Index for All Urban ... |
Purchase Apps up, Refi's up in Latest MBA Weekly Survey Posted: April 10, 2024 at 07:00 AM (Wednesday)Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 5, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 0.1 percent on a seasonally adjusted basis from one ... |
NFIB Small Business Optimism Index decreased to 88.5 in March 2024 Posted: April 9, 2024 at 07:00 AM (Tuesday)The NFIB Small Business Optimism Index decreased by 0.9 of a point in March to 88.5, the lowest level since December 2012. This is the 27th consecutive month below the 50-year average of 98. The net percent of owners raising average selling prices rose seven points from February to a net 28% percent ... |
Employment Trends Index increased in March 2024 to 112.84 Posted: April 8, 2024 at 10:00 AM (Monday)The Conference Board Employment Trends Index™ (ETI) increased in March to 112.84, up from a downwardly revised 111.85 in February. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the ... |
Consumer Credit Increased at an annual rate of 3.4% in February 2024 Posted: April 5, 2024 at 03:00 PM (Friday)In February, consumer credit increased at a seasonally adjusted annual rate of 3.4 percent. Revolving credit increased at an annual rate of 10.2 percent, while nonrevolving credit increased at an annual rate of 0.9 percent.
... |
March 2024 Employment rose by 303,000
Unemployment Rate decreased to 3.8% Posted: April 5, 2024 at 08:30 AM (Friday)Total nonfarm payroll employment rose by 303,000 in March, and the unemployment rate changed little at 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, government, and construction.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more ... |
Goods and Services Deficit increased in February 2024 Posted: April 4, 2024 at 08:30 AM (Thursday)The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.9 billion in February, up $1.3 billion from $67.6 billion in January, revised.
Exports, Imports, and Balance
February exports were $263.0 billion, $5.8 billion more than January exports. February imports were $331.9 billion, $7.1 billion more than January imports. ... |
Weekly Initial Unemployment Claims Increase 9,000 to 221,000 Posted: April 4, 2024 at 08:30 AM (Thursday)In the week ending March 30, the advance figure for seasonally adjusted initial claims was 221,000, an increase of 9,000
from the previous week's revised level. The previous week's level was revised up by 2,000 from 210,000 to 212,000. The
4-week moving average was 214,250, an increase of 2,750 from the previous week's revised average. ... |
Challenger Layoffs announced 90,309 Job Cuts in March 2024 Posted: April 4, 2024 at 07:30 AM (Thursday)U.S.-based employers announced 90,309 cuts in March, up 7% from the 84,638 cuts announced in February, and virtually the same as (+0.7%) the 89,703 cuts announced in the same month last year. It is the highest monthly total since 102,943 cuts occurred in January 2023, according to a report released Thursday from global outplacement and ... |
ISM Non-Manufacturing Index decrease to 51.4% in March 2024 Posted: April 3, 2024 at 10:00 AM (Wednesday)Economic activity in the services sector expanded in March for the 15th consecutive month as the Services PMI® registered 51.4 percent, say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The sector has grown in 45 of the last 46 months, with the lone contraction in ... |
Paychex-IHS Markit Small Business Jobs Index up to 100.85 in March 2024 Posted: April 3, 2024 at 08:30 AM (Wednesday)According to the Paychex Small Business Employment Watch, the Small Business Jobs Index grew 0.18 percentage points in March to 100.85 – the first increase year-to-date – but remained below pre-pandemic levels for the first three months of 2024. Hourly earnings growth for workers at U.S. companies with fewer than 50 employees continued a ... |
ADP National Employment Report Increased by 184,000 jobs in March 2024 Posted: April 3, 2024 at 08:15 AM (Wednesday)Private sector employment increased by 184,000 jobs in March and annual pay was up 5.1 percent year-over-year, according to the March ADP® National Employment ReportTM produced by the ADP Research Institute® in collaboration with the Stanford Digital Economy Lab.
“March was surprising not just for the pay gains, but the sectors that recorded them. The three biggest increases for job-changers were in construction, financial services, and manufacturing,” said Nela Richardson, chief economist, ADP. “Inflation has been cooling, but our ... |
Purchase Apps down, Refi's down in Latest MBA Weekly Survey Posted: April 3, 2024 at 07:00 AM (Wednesday)Mortgage applications decreased 0.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending March 29, 2024. The Market Composite Index, a measure of mortgage loan application volume, decreased 0.6 percent on a seasonally adjusted basis from one ... |
Job Openings changed little at 8.8 million in February 2024 Posted: April 2, 2024 at 10:00 AM (Tuesday)The number of job openings changed little at 8.8 million on the last business day of February, the U.S. Bureau of Labor Statistics reported today. Over the month, the number of hires and total separations were little changed at 5.8 million and 5.6 million, respectively. Within separations, quits (3.5 million) and layoffs and discharges ... |
New orders for manufactured goods increased 1.4% in February 2024 Posted: April 2, 2024 at 10:00 AM (Tuesday)Summary
New orders for manufactured goods in February, up following two consecutive monthly decreases, increased $8.2 billion or 1.4 percent to $576.8 billion, the U.S. Census Bureau reported today. This followed a 3.8 percent January decrease. Shipments, also up following two consecutive monthly decreases, increased $8.0 billion or 1.4 percent ... |
Construction Spending decreased 0.3% in February 2024 Posted: April 1, 2024 at 10:00 AM (Monday)Total Construction
Construction spending during February 2024 was estimated at a seasonally adjusted annual rate of $2,091.5 billion, 0.3 percent (±0.8 percent)* below the revised January estimate of $2,096.9 billion. The February figure is 10.7 percent (±1.3 percent) above the February 2023 estimate of $1,889.6 billion. During the first ... |
ISM Manufacturing Index up at 50.3% in March 2024 Posted: April 1, 2024 at 10:00 AM (Monday)Economic activity in the manufacturing sector expanded in March after contracting for 16 consecutive months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: ... |
Personal Income Increased 0.3%, Spending Increased 0.8% in February 2024 Posted: March 29, 2024 at 08:30 AM (Friday)Personal income increased $66.5 billion (0.3 percent at a monthly rate) in February, according to estimates released today by the Bureau of Economic Analysis (tables 2 and 3). Disposable personal income (DPI), personal income less personal current taxes, increased $50.3 billion (0.2 percent) and personal consumption expenditures (PCE) ... |