9/24: MetroIntelligence Economic Update by P. DUFFY

August industrial production rebounded 0.6 percent from July, up 0.4 percent year-on-year

Industrial production rose 0.6 percent in August after declining 0.1 percent in July, and was up 0.4 percent year-on-year.  Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average.

https://www.federalreserve.gov/releases/g17/Current/

 

CEO Economic Outlook Index slips 10.3 points to 79.2 in 3Q 2019

The CEO Economic Outlook Index decreased 10.3 points from last quarter to a value of 79.2, which falls below the Index’s historical average of 82.7. While the lower index reading suggests some moderation in the pace of economic growth going forward, the Index remains within growth territory.

https://www.businessroundtable.org/media/ceo-economic-outlook-index/ceo-economic-outlook-index-q3-2019

 

August new home mortgage applications nearly flat from July, but up 33 percent year-on-year

August mortgage applications for new home purchases fell by just 0.2 percent from July, but were up by 33 percent compared to a year ago.

https://www.mba.org/2019-press-releases/september/august-new-home-purchase-mortgage-applications-increased-33-percent

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