Economy

Non-Manufacturing Sector Grows at Slower Rate in December

The Institute for Supply Management reported that economic activity in the non-manufacturing sector grew in December for the 96th consecutive month. read more

Manufacturing Activity Expands in December, New Orders Index Nears 70%

Economic activity in the manufacturing sector expanded in December, and the overall economy grew for the 103rd consecutive month, the Institute for Supply Management reported. read more

Transportation Equipment Drives November New Orders Increase

The U.S. Census Bureau announced new orders for manufactured durable goods in November were up $3.1 billion driven by transportation equipment, up 4.2% to $80.9 billion. read more

Conference Board: Future Business Conditions Remain High

According to a Conference Board Survey, expectations for future business conditions remain relatively high, despite a drop in consumer confidence. read more

Real U.S. GDP Up 3.3% in Q3/17

Real gross domestic product increased at an annual rate of 3.3% in Q3/17 according to the Bureau of Economic Analysis. read more

Fannie Mae Outlook Projects ‘Cheerful’ End to 2017 for Economy

According to the Fannie Mae Economic & Strategic Research Group’s December 2017 outlook, business equipment investment, in particular, grew at its fastest pace in three years during the third quarter. read more

Fed Opts to Raise Federal Funds Rate

The Federal Open Market Committee raised the target range for the federal funds rate from 1.25% to 1.5%. read more

ISM: Economic Growth to Continue in 2018

The ISM’s December 2017 Semiannual Economic Forecast Economic predicts that growth in the U.S. will continue in 2018. read more

Jobless Rate Holds at 4.1%; Payrolls Rise in November

Bloomberg reported an increase of 228,000 in payrolls in November, a reading which surpassed the predicted 195,000. In addition, the jobless rate was at its lowest level since 2000, sitting at 4.1%. read more

Non-Manufacturing Sector Activity Expands at Slower Rate in November

According to the latest report from the Institute for Supply Management, economic activity in the non-manufacturing sector grew in November for the 95th consecutive month, just at a slower rate than October. read more

Fed Says Economic Activity Continues to Increase at Modest Pace

According to the Federal Reserve’s beige book report, economic activity continued to increase at a modest to moderate pace in October and mid-November. read more

Manufacturing Activity Expands, Transport Equipment Reports Growth

According to the Institute for Supply Management, economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 102nd consecutive month. read more

BMO Economics: Risks Manageable if NAFTA Ends

A BMO Economics report indicated the termination of NAFTA would be a mild negative for the U.S. economy and a manageable risk that policymakers, businesses and markets would adjust to in relatively short order. read more

Census Bureau: Transportation Drives Decrease in New Orders

The U.S. Census Bureau announced new orders for manufactured durable goods in October decreased $2.8 billion to $236.0. Transportation equipment, following two consecutive monthly increases, drove the decrease. read more

BofA: Small Businesses Optimistic as Confidence Surges

According to a Bank of America survey, small business owners are optimistic their year-end revenue will surpass 2016 as confidence in the economy has surged on expectation that economy will improve in the year ahead. read more

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Terry Mulreany
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