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Leading housing construction data stabilizes, while units under construction continue free-fall. With a continued hurricane asterisk

  - by New Deal democratHousing data for October, like that for September, has to be viewed with an asterisk, due to Hurricanes Helene and...
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The long leading indicator of corporate profit growth stalled in Q3

  - by New Deal democratPerhaps the most important economic news released so far this week was this morning’s update on Q3 corporate profits. While...
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ISM manufacturing remains weak, while construction spending continues to power along

  - by New Deal democratAs usual, the month’s data begins with the ISM manufacturing index, and with a one month delay, construction spending.Because manufacturing...
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The Bonddad Blog: Production turns more negative

  - by New Deal democratIndustrial and manufacturing production slid further in October, by -0.3% and -0.5% respectively. They are also down respectively -1.2% and...
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Real retail sales jump nicely, but we’re not out of the woods on consumption just yet

  - by New Deal democratLet me start with my usual reminder that real retail sales is one of my favorite economic indicators, because it tells...
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