PM Datanote: US ADP Employment Report, March

Inconclusive, as always

Oliver Allen (Senior US Economist)US

PM Datanote: US ISM Manufacturing Survey, March

A gradual recovery ahead

Oliver Allen (Senior US Economist)US

PM Datanote: US Personal Income & Spending/Trade, February

Core prices back on track; real after-tax income growth slowing sharply

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US Chicago PMI, March

Disappointing but not definitive

Oliver Allen (Senior US Economist)US

PM Datanote: US Consumer Confidence, March

Further signs of a consumer slowdown.

Oliver Allen (Senior US Economist)US

PM Datanote: US Durable Goods Orders, February 2024

Consistent with still-subdued business investment.

Ian Shepherdson (Chief Economist, Chairman and Founder)US

March 2024 - U.S. Economic Chartbook

THE LABOR MARKET IS ABOUT TO SLOW, SHARPLY…

• …THE FED WILL RESPOND, BUT WHEN?

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US New Home Sales, February

Probably a blip in the uptrend

Oliver Allen (Senior US Economist)US

PM Datanote: US Existing Home Sales, March

Unlikely to remain as strong as February

Oliver Allen (Senior US Economist)US

PM Datanote: US Philly Fed/Weekly Claims

Manufacturers are past the worst, but claims will rise this spring.

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US NAHB Survey, March

Lower rates still supporting for homebuilders

Oliver Allen (Senior US Economist)US

PM Datanote: US University of Michigan Consumer Sentiment, March

Still consistent with resilient growth in consumption, for now

Samuel TombsUS

PM Datanote: US Industrial Production, February: No upturn visible yet

No upturn visible yet

Oliver Allen (Senior US Economist)US

PM Datanote: US Empire State Survey: No signs of recovery yet

No signs of recovery yet

Oliver Allen (Senior US Economist)US

PM Datanote: U.S. PPI, February 2024

Disappointing enough to make a first easing in May much less likely

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: Retail Sales, February 2024

Downward revisions and a muted February recovery signal an emerging consumer slowdown.

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US Consumer Prices, February

More rent oddities but the bigger picture is fine

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US NFIB Survey, February

Small businesses feeling the pinch

Oliver Allen (Senior US Economist)US

PM Datanote: US Employment, February

The current trend in payrolls is steady, but a clear downturn is coming

Ian Shepherdson (Chief Economist, Chairman and Founder)US

PM Datanote: US Weekly Jobless Claims, March 2

The only way is up

Oliver Allen (Senior US Economist)US