Business Conditions

“Initial claims ticked up from the prior week’s pandemic low, but the outlook continues to improve as government restrictions on consumers and businesses are eased.” – Robert Hughes

“Consumer attitudes improved significantly in March, but consumer confidence remains at historically moderate levels, and concerns about consumer-price increases are rising.” – Robert Hughes

“Despite restrictive government policies and recession, aggregate household net worth rose to a new record, but financial health varies widely across cohorts.” – Robert Hughes

“Consumer sentiment rose in March, driven by vaccine distribution and stimulus benefits while impatience with lockdowns has also risen. Recent data suggest an improving outlook.” – Robert Hughes

“Initial claims fell to the lowest level of the pandemic, reflecting the benefits of easing government restrictions and suggesting an improving economic outlook.” – Robert Hughes

“Manufacturers’ new orders for durable goods fell in February but the overall outlook continues to improve with the easing of government lockdowns.” – Robert Hughes

“Despite a drop in February, the single-family housing market remains a bright spot for the economy, supported by low interest rates and strong demand, but headwinds may be forming.” – Robert Hughes

“Existing-home sales fell in February, but tight supply continues to drive prices higher. Higher prices and rising mortgage rates are a threat to the strong performance of housing.” – Robert Hughes

“Initial claims disappointed in the latest week, but overall remain range bound. Easing government restrictions is supporting a more optimistic outlook.” – Robert Hughes

“Home construction activity fell in February though weather may have been a factor. While fundamentals remain strong for the housing market, headwinds are growing.” – Robert Hughes