As outlined in Statistas report: The reasoning behind these numbers is straightforward: as the pandemic severely limited people’s options to spend money on services such as restaurant visits, travel or other leisure activities either restricted or advised against, they shifted their spending to physical goods, trying to adjust to life… Read More »U.S. Services Spending Climbs to Pre-Pandemic Level
The National Association of Business Economics (NABE) recently surveyed its members, which include corporate economists, financial planners, cost analysts and business leaders. As of August, 52% of respondents said monetary policy is “too stimulative,” double the 26% that said so when the survey was last conducted in March. Meanwhile, 47%… Read More »Time to Ease Monetary Policy
Data from Boston Consulting Group and the Semiconductor Industry Association shows how much chip production has moved away from its traditional strongholds – among them Japan – in the last decades. In 1990, Japan, Europe, and the U.S. dominated semiconductor manufacturing, but with South Korea, Taiwan and finally Mainland China entering… Read More »Semiconductor Production
FMI states in its recent study on the Consumer-electronicsmarket that the market will record a CAGR of 5.6% through 2031. Demand is anticipated to increase due to the availability of devices stimulating automation of daily chores. The Consumer Technology Association (CTA) is predicting 2021 to be another record year for the U.S. tech industry.… Read More »Consumer Electronics Spend
According to preliminary August survey results, the University of Michigan’s consumer sentiment index plunged to 70.2 from 81.2 in July. This was the lowest reading since December 2011 and was much worse than the 81.0 level expected by economists. Could show market volatility in the immediate future. According to Axios… Read More »Consumer Sentiment
Looks like the airfare recovery has stalled with the new variant. Airfares are edging lower as international travel is increasingly being discouraged by the Centers for Disease Control and Prevention.
Air travel is up, however not up 2019 levels. Prior to the pandemic, daily passenger volumes of 2+ million were the norm rather than the exception. At the onset of the pandemic, daily passenger throughput fell as low as 100,000 in April 2020, before slowly climbing back to its current… Read More »U.S. Airports Are Busier Still Not Up To 2019 Levels
Producer prices jumped by more than expected. Some economists think it could be the peak rate of increase. But the spread of the Delta variant poses a big uncertainty. As reported by Aios
Arizona leads with the state with the most female Governors. Interesting to see if 2022 brings another to Arizona.
As outlined by the U.S. Bureau of Labor Statistics: Total separations includes quits, layoffs and discharges, and other separations. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs.