1/25: MetroIntelligence Economic Update by P. DUFFY

December Leading Economic Index slips 0.1 percent

The US LEI declined slightly in December and the recent moderation in the LEI suggests that the US economic growth rate may slow down this year. While the effects of the government shutdown are not yet reflected here, the LEI suggests that the economy could decelerate towards 2 percent growth by the end of 2019.

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Markit Flash:  PMI Output Index improves slightly in January to 54.5

At 54.5 in January, up fractionally from 54.4 in December, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was well above the 50.0 no-change value. The latest reading was close to the average seen over the final quarter of 2018 (54.7) and signalled robust expansion of private sector output at the beginning of 2019.

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Gallup:  Americans’ outlook for economy slips over last two months

Americans’ outlook for the economy has soured in the past two months, with 48% now saying economic conditions are worsening — up from 45% in December and 36% in November. Meanwhile, Americans remain positive about the availability of quality jobs and are still split on whether the economy is in overall good shape.

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