The Housing Chronicles Blog: hurricane economic impacts
Showing posts with label hurricane economic impacts. Show all posts
Showing posts with label hurricane economic impacts. Show all posts

Monday, November 20, 2017

U.S. Coincident and Lagging Economic Indices both rose moderately in October

The Conference Board Coincident Economic Index® (CEI) for the U.S. increased 0.3 percent in October following a 0.1 percent increase in September, and no change in August.

The Conference Board Lagging Economic Index® (LAG) for the U.S. increased 0.2 percent in October, following no change in September, and a 0.2 percent increase in August.

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Leading Economic Index grew by a strong 1.2 percent in October

The US LEI increased sharply in October, as the impact of the hurricanes dissipated. The growth of the LEI, coupled with widespread strengths among its components, suggests that solid growth in the US economy will continue through the holiday season and into the new year.

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Thursday, October 19, 2017

Fed's September Beige Book: Continued overall growth even with hurricane impacts

Reports from all 12 Federal Reserve Districts indicated that economic activity increased in September through early October, with the pace of growth split between modest and moderate. Residential construction continued to increase, and growth in commercial construction was up slightly on balance. Low home inventory levels continued to constrain residential sales in many areas, while nonresidential real estate activity increased slightly overall.

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Leading Economic Index dipped slightly in September, partly due to hurricanes

The US LEI declined slightly in September for the first time in the last twelve months, partly a result of the temporary impact of the recent hurricanes. The source of weakness was concentrated in labor markets and residential construction, while the majority of the LEI components continued to contribute positively.

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