Some Good News for a Change: Real Retail Sales Rebounded in Febuary
U.S. retail sales for February were released three weeks late but showed a modest rebound. Nominal sales rose 0.6% month‑over‑month, translating to a 0.3% gain in real terms after accounting for 0.3% inflation. On a year‑over‑year basis, real retail sales climbed 1.3% after a brief dip, though they remain 0.4% below the August 2023 peak. The data arrives amid delayed construction‑spending reports caused by the lingering government shutdown.
Stale Data Watch: Construction Spending for October — More “Green Shoots”?
Construction spending for October rose modestly, with total nominal spending up 0.5% and residential construction up 1.3%. After adjusting for a 0.2% decline in material prices, real overall spending increased 0.7% and residential spending 1.5%, pushing both series close to...
Weekly Indicators for January 12 - 16 at Seeking Alpha
Seeking Alpha’s weekly indicators for Jan 12‑16 highlight a normalizing yield curve and mortgage rates at three‑year lows, which are reviving the housing market. At the same time, gasoline prices have slipped to their lowest level in almost five years, creating...
Industrial Production Sets New Post-Pandemic High in December - but Mainly Due to Utilities
Industrial production reached a new post‑pandemic high in December, climbing 0.4% after revisions added another 0.2% to prior months. The modest 0.2% rise in manufacturing was dwarfed by a 2.6% jump in utility output, which also posted a 2.3% year‑over‑year...