Tag: July

James PicernoAugust 25, 2020

Yes, according to the 3-month average of the Chicago Fed National Activity Index (CFNAI-MA3), which rebounded sharply in July. But the usual routine of business-cycle analysis has been unusually volatile since the coronavirus hammered the economy and so there’s reason to remain cautious on issuing an all-clear signal.Taking CFNAI-MA3 at face value certainly paints a […]

BloombergAugust 21, 2020

© Bloomberg. An employee wearing a protective mask works in the turning area of the Avon Machining LLC Manufacturing facility in Shelby Township, Michigan. Photographer: Emily Elconin/Bloomberg (Bloomberg) — Michigan and other Rust Belt states led the improvement in the U.S. employment picture in July, showing that recent labor-market pickup is uneven across the country. […]

ReutersAugust 17, 2020

© Reuters. BEIJING (Reuters) – China’s top economic planner, the National Development and Reform Commission (NDRC), said it approved 11 fixed-asset investment projects worth 38.2 billion yuan ($5.50 billion) in July. The record high power output and consumption in August was related to hot weather, which leads to more power usage and also reflects a […]

ReutersAugust 13, 2020

© Reuters. FILE PHOTO: People wearing face masks following the coronavirus disease (COVID-19) outbreak are seen at Beijing Daxing International Airport in Beijing BEIJING (Reuters) – China’s aviation regulator said on Thursday that passenger numbers in July fell 34.1% from a year earlier. That marked a recovery from a year-on-year decline of 42.4% in June. […]

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