05/15/24 07:00AM - Mortgage applications increased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 10, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 0.5 percent on a seasonally adjusted basis from one …more…

05/14/24 07:00AM - NFIB’s Small Business Optimism Index rose by 1.2 points in April to 89.7, marking the first increase of this year but the 28th consecutive month below the 50-year average of 98. Twenty-two percent of owners reported that inflation was their single most important problem in their business, down three points from March but still the number …more…

05/10/24 10:00AM - Forecasters Predict Higher Near-Term Growth and Job Gains
The near-term outlook for the U.S. economy looks better now than it did three months ago, according to 34 forecasters surveyed by the Federal Reserve Bank of Philadelphia. The forecasters predict the economy will expand at an annual rate of 2.1 percent this quarter and 2.0 percent …more…

05/10/24 10:00AM - Consumer sentiment retreated about 13% this May following three consecutive months of very little change. This 10 index-point decline is statistically significant and brings sentiment to its lowest reading in about six months. This month’s trend in sentiment is characterized by a broad consensus across consumers, with decreases across age, …more…

05/09/24 08:30AM - In the week ending May 4, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 22,000
from the previous week's revised level. The previous week's level was revised up by 1,000 from 208,000 to 209,000. The
4-week moving average was 215,000, an increase of 4,750 from the previous week's revised average. …more…

05/09/24 06:00AM - The Conference Board Measure of CEO Confidence™ in collaboration with The Business Council rose to 54 in Q2 2024, up from 53 in the previous quarter. This marks the second consecutive quarter in which the Measure is above 50, indicating that CEOs are cautiously optimistic following two years of gloom. (A reading above 50 reflects more …more…

05/08/24 10:00AM - March 2024 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $662.8 billion, down 1.3 percent (±0.5 percent) from the revised February level, but were up 1.4 percent (±0.9 percent) from the revised March 2023 …more…

05/08/24 10:00AM - Mortgage applications increased 2.6 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending May 3, 2024. The Market Composite Index, a measure of mortgage loan application volume, increased 2.6 percent on a seasonally adjusted basis from one …more…

05/07/24 03:00PM - Consumer credit increased at a seasonally adjusted annual rate of 3.2 percent during the first quarter. Revolving credit increased at an annual rate of 5.7 percent, while nonrevolving credit increased at an annual rate of 2.2 percent. In March, consumer credit increased at an annual rate of …more…

05/06/24 10:00AM - The Conference Board Employment Trends Index™ (ETI) decreased in April to 111.25, from a downwardly revised 112.16 in March. The Employment Trends Index is a leading composite index for employment. When the Index increases, employment is likely to grow as well, and vice versa. Turning points in the Index indicate that a change in the trend of …more…