Monday Economic Report

  • Monday Economic Report - August 3, 2015

    03 August 2015 | eNewsletter

    The U.S. economy expanded at a 2.3 percent annualized pace in the second quarter, and revisions to the first quarter replaced the small contraction with 0.6 percent growth, putting the first half of the year roughly in line with expectations.

  • Monday Economic Report: July 27, 2015

    27 July 2015 | eNewsletter

    Just two weeks ago, the Greek debt drama overshadowed the plunge in the Shanghai stock market, but with Greece receiving a bailout (and staying in the Eurozone, at least for now), more attention is being paid to China’s decelerating growth.

  • Monday Economic Report: July 20, 2015

    20 July 2015 | eNewsletter

    In her semiannual congressional testimony last week, Federal Reserve Chair Janet Yellen noted recent progress in the U.S. economy, even as she observed lingering challenges with manufacturing output.

  • Monday Economic Report: July 13, 2015

    13 July 2015 | eNewsletter

    In the minutes for the Federal Open Market Committee (FOMC) meeting June 16–17, Federal Reserve participants expressed some worry about economic challenges abroad, particularly in China and Greece.

  • Monday Economic Report: July 6, 2015

    06 July 2015 | eNewsletter

    Manufacturing employment rose by 7,000 in June, ending a three-month period of declines in hiring for the sector, according to ADP’s latest National Employment Report. This welcome news suggests that job growth has begun to recover from weaker economic conditions earlier in the year.

  • Monday Economic Report: June 29, 2015

    29 June 2015 | eNewsletter

    Last week, there were several reminders that the manufacturing sector has not recovered fully from economic weaknesses earlier in the year, even as business leaders remain cautiously optimistic about activity in the coming months.

  • Monday Economic Report: June 22, 2015

    22 June 2015 | eNewsletter

    Last week, one media outlet reported that manufacturing has been in a “technical recession” for the past six months. I am more hesitant to use the R-word to describe the sector’s performance year-to-date, and in my view, this description somewhat overstates the significance of broader market trends, particularly for expectations moving forward.

  • Monday Economic Report: June 15, 2015

    15 June 2015 | eNewsletter

    Manufacturers and other businesses came into this year with a lot of optimism, particularly given robust growth in the second half of last year.

  • Monday Economic Report: June 8, 2015

    08 June 2015 | eNewsletter

    The Federal Reserve’s Beige Book reported that the economy expanded modestly in its recent assessment. More importantly, it said that activity for manufacturers “held steady or increased over the reporting period” in all of its regions except for the Dallas and Kansas City districts.

  • Monday Economic Report: June 1, 2015

    01 June 2015 | eNewsletter

    The U.S. economy shrank in the first quarter for the second year in a row, with revised data showing that real GDP declined by 0.7 percent. This was down from an earlier estimate of 0.2 percent growth.

  • Monday Economic Report: May 26, 2015

    26 May 2015 | eNewsletter

    The minutes of the April 28–29 Federal Open Market Committee (FOMC) meeting highlighted the nuance that many of us see in the economy right now. The Federal Reserve highlighted a number of challenges facing consumers and businesses in the early months of 2015, noting how these headwinds have dampened overall activity year-to-date.

  • Monday Economic Report: May 18, 2015

    18 May 2015 | eNewsletter

    One of the larger headlines of the past week was the renewed strength of the euro, which closed at $1.1449 on Friday. To put that exchange rate in perspective, the euro traded for $1.0582 on April 13, and Friday’s close was the highest level for the euro since February 2.

  • Monday Economic Report: May 11, 2015

    11 May 2015 | eNewsletter

    Once again, there was evidence last week that significant headwinds have dampened activity in the manufacturing sector. The sector added just 1,000 net new workers in April, marking the third consecutive month with soft hiring.

  • Monday Economic Report: May 4, 2015

    04 May 2015 | eNewsletter

    The U.S. economy stagnated in the first quarter, with real GDP growing by just 0.2 percent. This compares to a consensus estimate of 1.1 percent, and it was lower than the 5.0 percent and 2.2 percent growth rates observed in the third and fourth quarters of 2014, respectively.

  • Monday Economic Report: April 27, 2015

    27 April 2015 | eNewsletter

    Durable goods orders jumped 4.0 percent in March, which should be a sign that the sector was growing strongly and rebounding from recent softness.