Consumer Price

Consumer Price Index

September 21, 2017 – The Consumer Price Index (CPI) tells us of any inflationary pressures in the economy.  The CPI measures the average price levels of a basket of goods and services purchased by consumers.  The index starts with a base time period (1982-1984, currently) and shows the overall increase since that time.  As with many economic indicators, it can …

Existing Home Sales

September 20, 2017 – Existing home sales provide the number of purchases made for homes, condominiums, and co-ops that have already been built.  Existing home sales give an indication of demand for housing.  While home resales may not generate new construction jobs like those that housing starts do, they have a similar effect on consumer spending as people purchase items …

Housing

Housing Starts

September 19, 2017 – Housing starts track the number of new residential construction projects underway over the course of a month. This indicator has implications for demand in construction spending/jobs, consumer wages, and complimentary sectors such as durable household item sales. Along with building permits, housing starts is considered a leading economic indicator. Housing starts in August came in at …

Non-Manufacturing

ISM Non-Manufacturing

September 6, 2017 – The ISM Non-Manufacturing Index helps determine overall conditions in the services sector.  Components evaluated are employment, business activity, new orders, and supplier deliveries.  The nonmanufacturing sector represents a much larger share of the overall U.S. economy when compared to the manufacturing sector, making up approximately 80%.  Readings above 50 indicate an expansion while readings below 50 …

International Trade

International Trade Balance

September 6, 2017 – The International Trade Balance looks at the U.S. Economy’s transactions with trading partners around the world for goods, services, income, and financial claims on liabilities. It is the major indicator for foreign trade and has implications for the net exports portion of GDP. A positive trade balance represents more exports than imports while the opposite is …

ISM Manufacturing

ISM Manufacturing Index

September 1, 2017 – The ISM Manufacturing Index is derived from a survey of purchasing managers and their outlook on overall conditions by looking at factors such as orders for durable goods, industrial production and hiring. It gives a general direction rather than the specific strength of the factory sector and manufacturing activity in the U.S. A reading above 50 …