Commentaries

February 8, 2019

The ISM Non-Manufacturing Index came in at 56.7 for January, while the PMI Services Index came in at 54.2. Both figures are still expansionary and new orders within the indexes also appear expansionary. Otherwise, it was a fairly slow week for meaningful economic data.
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January 25, 2019

U.S. Existing Home Sales came in at 4.99mm units in December, a drop of 10.3% year-over-year. Weakness was felt generally across the country. The Index of Leading Economic Indicators was down 0.1% for December, the first decline in recent memory. With the government shutdown, that is all which was reported this week.
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