Business Conditions

“Real gross domestic product continued to recover in the fourth quarter, posting a solid 4.0 percent gain, but remains below trend. The outlook is cautiously optimistic.” – Robert Hughes

“Initial claims for unemployment benefits fell in the latest week but the four-week average rose again as government restrictions continue to threaten the recovery.” – Robert Hughes

“Manufacturers’ new orders for durable goods rose in December, with core capital goods at a record high. The strong showing reflects the resilience of the private sector.” – Robert Hughes

“Consumer attitudes improved slightly in January, led by improving short-term expectations. Covid and politics remain key drivers.” – Robert Hughes

“Existing-home sales rose in December as housing continues to be a bright spot for the economy.” – Robert Hughes

“Single-family housing continues to be a bright spot for the economy, supported by low mortgage rates and increased demand.” – Robert Hughes

“Initial claims for unemployment benefits fell in the latest week but the four-week average rose as renewed government restrictions continue to threaten the recovery.” – Robert Hughes

“Consumer sentiment fell in early January, driven largely by ideology. Combined with renewed restrictions and weakening economic activity, the outlook remains highly uncertain.” – Robert Hughes

“Manufacturing continued to recover in December despite reinstated government restrictions.” – Robert Hughes

“Retail sales fell in December as reactionary government policies delay economic recovery.” – Robert Hughes