This Week's State Of The Economy - What Is Ahead? - 30 July 2021

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Aug 11, 2021

This Week's State Of The Economy - What Is Ahead? - 30 July 2021

The big news for the day is the opening of the very first Louis Vuitton men’s store in Texas in the Houston Galleria.  Really, that seems like much more of a Dallas thing to me.

 

In other news, although the headline rate of Q2 GDP came in softer than expectations, part of that was due to supply chain problems as businesses had to draw down inventories to meet demand, resulting in a drag on growth and, I might add, also continuing to drag down bank working capital line borrowings.




This Week's State Of The Economy - What Is Ahead? - 04 June 2021

The CDC\'s relaxation of its mask mandate occurred mid-May, and as data for that month begins rolling in this week, it is evident there is no lack of demand. Supplies, on the other hand, are a worsening problem.

This Week's State Of The Economy - What Is Ahead? - 03 March 2023

Looking at Q4 GDP, Australia\'s economy grew by less than expected, GDP was flat for the quarter in both Canada and Switzerland, and Sweden\'s economy contracted in the final quarter of last year.

This Week's State Of The Economy - What Is Ahead? - 22 July 2022

July\'s NAHB Housing Market Index dropped 12 points to 55, the second largest monthly decline on record behind April 2020\'s pandemic-induced collapse.

This Week's State Of The Economy - What Is Ahead? - 15 April 2022

What do pollen and the Consumer Price Index (CPI) have in common? Answer; both are hitting new highs. This week’s U.S. economic data was led by the largest month monthly increase in the Consumer Price Index (CPI) since September 2005.

This Week's State Of The Economy - What Is Ahead? - 04 March 2022

February\'s employment data showed the economy had strong momentum, but that seems pretty dated now with Russia\'s invasion of Ukraine and the Fed\'s shift to a more hawkish tone on monetary policy.

This Week's State Of The Economy - What Is Ahead? - 13 May 2022

While small business enthusiasm appears to have stalled, as owners are concerned about their ability to continue to pass on higher costs to consumers, cautious enthusiasm around rookie Jeremy Pena’s start persists.

This Week's State Of The Economy - What Is Ahead? - 28 August 2020

After a revised look at GDP this week suggested the second quarter may not have been quite as bad as first estimated, attention shifts to the current quarter.

Economic Uncertainty Seems Removed Going Into The New Year 2020

The U.S. economy continues to expand, albeit at a moderate pace. The U.S. Bureau of Economic Analysis reports U.S. gross domestic product (GDP) grew 2.1 percent in Q3/19.

This Week's State Of The Economy - What Is Ahead? - 24 April 2020

Oil prices went negative for the first time in history on Monday as the evaporation of demand collided with a supply glut. In the past five weeks, 26.5 million people have filed for unemployment insurance, or more than one out of every seven workers.

This Week's State Of The Economy - What Is Ahead? - 25 March 2022

The fact that capital goods shipments surprised on the upside was one of the few things that went right in this week\'s durable goods report.


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