Robert Hughes

Durable-Goods Orders Show Strength in March

Durable-goods orders posted a solid gain in March, led by record-high orders for core capital goods excluding aircraft. Today’s reports suggest a cautiously optimistic outlook.

manufacturing

Single-Family Housing Activity Shows Some Life

Home sales have rebound in recent months. However, there is little evidence to support an expectation for a significant acceleration in housing activity in the coming months and quarters.

SOLD

Services Sector Expands at a Moderate Pace in March

Nonmanufacturing activity expanded at a slower pace in March. The results are consistent with a range of economic data that point to uneven growth, but they do not suggest a recession is imminent.

trucking

Manufacturing-Sector Growth Continued in March

The Manufacturing Purchasing Managers’ Index paints a modestly positive picture of the manufacturing sector in March, offsetting the weak report on February retail sales. The outlook is for ongoing economic expansion, but heightened caution is warranted.

manufacturing