Confidence Index Rose Further in May

Consumer confidence is on an upward trend, and this a good thing for a consumer-driven economy like ours.

The Conference Board reports that its Consumer Confidence Index increased in May, following a modest decline in April (after a downward revision).

The Index now stands at 128.0 (1985=100…

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Global Economic Confidence Now at Highest Level Since 2009

Here’s some good news: global economic confidence has rebounded strongly and now stands at its highest level since 2009.

This according to the latest Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants).

There has been strong growth in…

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Service Sector Growth Slows a Bit

Economic activity in the non-manufacturing (service) sector grew in March for the 98th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM Report On Business. However, growth in the sector has slowed a bit.

The NMI registered 58.8 percent, which is…

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Economic Indicators Are in Positive Territory

A look at recent jobs data, corporate profits, consumer sentiment and other indicators show that the U.S. economy continues to roar in a strong voice. But there’s more.

The Conference Board recently announced that its Leading Economic Index for the U.S. increased in February.

In fact, it…

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Labor Productivity Was 0.0% in 4Q17

Here’s a good news, bad news announcement: the U.S. Bureau of Labor Statistics has revised its estimate of fourth quarter 2017 labor productivity upwards – from a previously-reported negative 0.1 percent to 0.0 percent.

That’s right, a big goose egg counts as good news. That…

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