Growth Outlook and Business Cycle
FMI’s analyses of this morning’s October Retail Sales and September Business Inventories reports as well as our review of recent U.S. Dollar and Trade Prices movements and an updated look at likely revisions in the Second Report of 16Q3 GDP. Plus notes on today’s November NY Fed Empire Regional Manufacturing Index.
FMI’s analyses of today’s October NFIB Small Business Optimism Index and the September Job Openings & Labor Turnover Survey (JOLTS).
FMI’s analyses of this morning’s October Employment and September International Trade reports.
FMI’s analysis of this morning’s October Non-Manufacturing Index as well as notes on this morning’s September Manufacturers’ Shipments, Orders & Inventory (MSIO) report and an update on October Vehicle Sales.
FMI’s Preview of the October Employment Report, including our reviews of the latest Weekly UI Claims & Rail Traffic results and this morning's 16Q3 Productivity and Labor Costs report.
FMI’s analysis of today’s October Vehicle Sales results.
FMI’s analyses of this morning’s October PMI and September Construction reports as well as our review of 16Q3 GDP Sources & Assumptions.
FMI’s analysis of today’s Advance Report of 16Q3 GDP. Also this morning, the Employment Cost Index showed continued steady growth in labor costs, up +2.3% over the past year. FMI believes this very limited data series understates the case.