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

By: Taro Chellaram /Wells Fargo Economics & Financial Report/Mar 27, 2022

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

This week's durable goods report was largely disappointing with the 2.2% headline decline, partly the result of a sharp drop in civilian aircraft orders. Excluding the transportation sector, orders still fell 0.6%. With some upward revisions to prior data and a better-than-expected outturn for shipments of core capital goods, equipment spending is still tracking with our Q1 forecast for a 5.7% annualized growth rate.

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. Stripping out the volatile defense and aircraft components tends to reveal the underlying trend in activity, and revisions to core orders and shipments were fairly positive. But core capital goods orders declined 0.3% during the month after a 1.3% gain to start the year, suggesting some stalling in activity in February.

Since the GDP account counts bookings once shipped, shipments are the more important indicator when considering the impact on rst quarter growth. Core capital goods shipments (including aircraft) rose a more modest 0.2% in February after near 2% gains in the prior two consecutive months. Despite the step down in growth, the solid start to the quarter still leaves equipment spending in a decent position




May 2020 Economy at a Glance

The U.S. is in a severe recession caused by the sudden shutdown due to the COVID-19 pandemic. Since the lock down began, the nation has lost 21.4 million jobs.

This Week's State Of The Economy - What Is Ahead? - 23 July 2021

In the biggest financial news this week not connected to college football conference realignment, July\'s NAHB Housing Market Index slipped one point to 80.

How Long Can US Businesses Remain Shut Down?

The sudden stop in economic activity caused by the COVID-19 pandemic means that many businesses will need to rely on their cash reserves to survive the next few months.

November 2020 Economy At A Glance

U.S. gross domestic product (GDP) grew 7.4 percent, or $1.3 trillion in Q3, adjusted for inflation.

This Week's State Of The Economy - What Is Ahead? - 17 November 2023

Retail and Industrial activity were stronger than the headline data suggest, there are also some signs of weakening.

This Week's State Of The Economy - What Is Ahead? - 04 September 2020

Employers added jobs for the fourth consecutive month in August, bringing the total number of jobs recovered from the virus-related low to 10.5 million.

This Week's State Of The Economy - What Is Ahead? - 25 June 2021

Supply chain bottlenecks continue to cause pain-in-the-necks. In spite of all the difficulties, the Economic whizzes in the WF Economics team have upgraded their forecast for full-year 2021 U.S.

This Week's State Of The Economy - What Is Ahead? - 07 October 2022

higher interest rates and inflation appear to be weighing on manufacturing and construction, yet service sector activity remains fairly resilient.

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

How will Fed rates-cut and Trump 10% tariff on $300 Billion Chinese Goods countered by Chinese currency devaluation against Dollar, affect inflation and economic slowdown in US economy?

This Week's State Of The Economy - What Is Ahead? - 06 May 2022

Unlike Yordan Alvarez, no one is expecting the Fed to stand back and admire their handiwork after this weeks 50 basis point increase in the Fed Discount Rate. Similar to Yordan, their effort is more of a single and not a home run.


Instagram

@ tcgcrealestate

Subscribe Now! IT's Free

Stay up to date with all news coming straight in your mailbox.

Copyright © 2024 TC Global Commercial. All rights reserved.