📈 Macroeconomics

Chicago PMI dropped to 45.2 in October, the second straight month of contraction. Readings below 50 indicate contraction territory.

ReportPeriodPreviousActualChicago PMIOct.45.745.2 The Chicago PMI is the latest in regional manufacturing data to show declines: ReportPeriodPreviousActualEmpire State manufacturing indexOct.-1.5-9.1Philadelphia Fed manufacturing indexOct.-9.9-8.7 Additionally, the Chicago PMI is the last regional data before the national factory data for October is released Tuesday.
dismal-jellyfish 📈 Macroeconomics

The Consumer Confidence Index decreased in October. "Consumers’ expectations regarding the short-term outlook remained dismal."

The Consumer Confidence Index decreased in October. "Consumers’ expectations regarding the short-term outlook remained dismal. The Expectations Index is still lingering below a reading of 80—a level associated with recession—suggesting recession risks appear to be rising.” Source US Consumer Confidence Declined in October - Index Pulls Back
dismal-jellyfish 📈 Macroeconomics

Sales of new single‐family houses in September 2022 were at a seasonally adjusted annual rate of 603,000. This is 10.9 percent below the revised August rate of 677,000 and is 17.6 percent below the September 2021 estimate of 732,000.

Source New Home Sales Sales of new single‐family houses in September 2022 were at a seasonally adjusted annual rate of 603,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 10.9 percent below the
dismal-jellyfish 📈 Macroeconomics

The Consumer Confidence Index decreased in October. "Consumers’ expectations regarding the short-term outlook remained dismal. The Expectations Index is still lingering below a reading of 80—a level associated with recession'

Understanding Consumer Confidence Index (CCI) The CCI is released on the last Tuesday of every month, and it is widely regarded as the most credible gauge of U.S. consumer confidence. Essentially, it is a barometer of the health of the U.S. economy and is based on consumers'
dismal-jellyfish 📈 Macroeconomics

Housing Alert! S&P CoreLogic Case-Shiller Indices, a leading measure of U.S. home prices, continued to decelerate in August. U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 13.0% annual gain in August

Housing Alert! S&P CoreLogic Case-Shiller Indices, a leading measure of U.S. home prices, continued to decelerate in August. U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 13.0% annual gain in August, down from 15.6% in the previous
dismal-jellyfish 📈 Macroeconomics