Robert Hughes

ISM Manufacturing Survey Posts Strong Results in October

“The ISM Manufacturing survey suggests the sector is recovering strongly from government lockdowns, though some recent strength may be related to stockpiling ahead of potential new lockdowns.” – Robert Hughes

Consumer Sentiment Remains Subdued in October

“Consumer sentiment remains well below pre-pandemic levels with Covid-19 and extreme political partisanship the main reasons. The economic outlook remains highly uncertain.” – Robert Hughes

Durable-Goods Orders Rose Again in September

“Manufacturers’ new orders for durable goods rose in September, but growth is uneven across the various sectors and industries of the economy.” – Robert Hughes

New-Home Sales Remain at a High Level

“The single-family housing market remains a bright spot for the economy, supported by low interest rates and rising demand as urbanites move to less dense living areas.” – Robert Hughes

Retail Spending Surges in September

“Retail sales posted a strong gain in September, but persistent uncertainty regarding Covid-19 and government policies remains a significant risk to future growth.” – Robert Hughes

Retail sales