FMI’s analyses of this morning’s February Housing Starts, February Industrial Production and January JOLTS reports, and February Bank Lending & Money Supply data
Data Round-Up: U.S. Exports, Imports Retrench in January; Trade Likely a Moderate Negative for 18Q1 GDP
FMI’s analyses of this morning’s January International Trade and 17Q4 Revised Productivity & Labor Costs reports.
FMI’s review of this morning’s January Housing Starts report and January U.S. Dollar and Trade Prices results, plus January Bank Lending & Money Supply data and the latest High-Frequency Inflation Indicators.
FMI’s analysis of this morning’s January Employment and January Vehicle Sales results.
FMI’s analysis of this morning’s December Industrial Production report (also attached as a PDF) plus our reviews of this morning's January NY Fed’s Business Leaders Survey, a regional services measure, and the January NAHB Housing Index.
FMI's look at December Vehicle Sales.
FMI’s commentary on higher minimum wages in many states starting in January.
FMI’s analysis of today’s December PMI and November Construction reports.
Japan’s firms, particularly its 5,000 largest firms, have mastered the art of producing growth in profits without growth in sales. They’ve done this by cutting costs, particularly labor costs.
Japan-watchers got very excited because core private machinery orders in October were up 10% on a month-on-month basis, However, the monthly movements in orders have very large gyrations, even though the most volatile elements are removed from core orders. Bottom line: core orders could be a genuine “green shoot,” or one month’s surprising number may be misleading us.