Goods spending was supported by strong demand for motor vehicles and recreational products, while services spending saw notable contributions from financial services, recreation activities, and healthcare. The personal savings rate,…
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GDP, Labor Market Shine, but Manufacturing Slump Signals Economic Divergence
More Information in our Economic Calendar.What Do Falling Unemployment Claims Signal? Initial jobless claims dropped to 220,000, reflecting labor market strength, though the four-week moving average rose slightly to 225,500.…
Michigan Consumer Sentiment Meets Estimates; SP500 Rebounds From Session Lows
Current Economic Conditions improved from 63.9 in November to 75.1 in December, while Index of Consumer Expectations decreased from 76.9 to 73.3. Year-ahead inflation expectations increased from 2.6% in November…
China Retail Sales Highlight Domestic Demand Woes; Hang Seng Index Falls
House Price Index fell 5.7% year-on-year in November after declining by 5.9% in October. Fixed asset investment rose 3.3% year-to-date in November, down from 3.4% in October. Industrial production increased…