News & Insights
Case-Shiller Suggests a Stalled Housing Market as Yearly Gains Fade
In March, the S&P Cotality Case-Shiller U.S. National Home Price NSA Index recorded a 0.7% annual gain, down slightly from a 0.8% rise in February. The 10-City Composite increased 1.4%, down from 1.5% the previous month, while the 20-City Composite rose 0.8% year-over-year, down from 0.9% in February. Chicago again posted the highest annual gain …
Consumer Confidence Slips as Current Conditions Weaken
Consumer confidence edged down 0.7 points in May to 93.1. Among its components, the Present Situation Index contracted while the Expectations Index improved as customers’ concerns regarding the present situation worsened and concerns about the future eased. The Present Situation Index, reflecting current business and labor market conditions, declined 3.2 points to 121.2. Meanwhile, the …
Fifth District Manufacturing Picks Up as Shipments and New Orders Turn Higher
Manufacturing activity in the Fifth District rose at a faster pace in May after moving up in April, with the composite manufacturing index increasing from 3 to 13. At the same time, the local business conditions index decreased from 10 to 5 in May. Despite growth of current business conditions weakening, manufacturers are more optimistic …
Texas Factory Activity Cools as Production Slows and Uncertainty Remains High
In May, Texas factory activity expanded at a slower pace after strengthening the prior month. The production index decreased from 19.0 to 9.4, falling slightly below the series average of 9.6. The new orders index stepped down 3.5 points to 6.4, while the capacity utilization index fell 14.6 points to 5.2, below the series average …
