Skyline Advisors
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter
  • us

Partners for Strategic Transactions

Manufacturing Slows in Chicago During December as Consumer Confidence Falls

1/2/2019

 
​Initial claims for unemployment benefits fell by a marginal amount last week, continuing a downward trend towards the 49-year low set in September. Chicago’s manufacturing activity slowed last month, although only slightly, due to slip-ups in new orders, employment and supplier deliveries indices. The Conference Board’s December consumer confidence index revealed a sharply lower measure from November, as market volatility and lower economic growth expectations alarm consumers.
  • According to the Labor Department, jobless claims fell by 1,000 to 216,000 during the week ending December 22. In three of the last four weeks, initial claims for unemployment benefits have declined, now floating just above the 49-year low of 202,000 met in September. The recent trend signals improvement in labor market conditions from the end of November, when claims were near 235,000. Further showing improvement, the four-week average of initial claims fell by 4,750 claims.

  • Manufacturing activity in the Chicagoland area has slowed through the last month, according to the Institute of Supply Management’s Chicago purchasing managers’ index. The December index fell one point from the November index to 65.4, beating some analyst expectations of 62.0. Three of the five factors making up the index fell: new orders, employment and supplier deliveries. An equal share of 46.8% of participating managers believed their business activity would expand by less than 5% or by a rate between 5-10%. Marking the 34th consecutive report with a reading over 50.0, December’s index signals a continually healthy manufacturing environment in Chicago.
​
  • The Conference Board’s consumer confidence index fell sharply during December, declining 8.3 points to 128.1. Just two months prior, in October, the index was at an 18-year high of 137.9. Much of consumers’ concern likely stems from heightened market volatility and weaker expectations for global growth in 2019. However, confidence is still at relatively high levels by historical standards. Also, while some December indicators showed market conditions and job prospects weakening last month, a lot of signals point toward economic expansion in the short run, according to the Conference Board’s director of economic indicators, Lynn Franco.

Comments are closed.

    Archives

    May 2023
    May 2022
    January 2022
    November 2021
    August 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    December 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017

    Categories

    All
    Auto Sales
    Bankruptcies
    Capital Markets
    Confidence
    Corporate Profits
    Debt
    Economy
    GDP
    Holiday
    Housing
    Industrial Production
    Inflation
    Initial Public Offerings
    Interest Rates
    Inventories
    Jobs
    Manufacturing
    Mergers And Acquisitions
    Middle Market
    Prices
    Private Equity
    Productivity
    Retail Spending
    Rural Economy
    Small Business
    Stock Market
    Taxes
    Trade
    Venture Capital
    Wages

    RSS Feed

Picture
​Skyline Advisors is a division of Ideation Ventures, Inc. Services involving securities are offered through M&A Securities Group, Inc.4151 N Mulberry Drive Suite 252, Kansas City, MO, 64116  (“MAS") . Services involving real estate brokerage are offered through Berkshire Hathaway HomeServices Ambassador Real Estate ("BHHS"). Skyline, MAS, and BHHS are separate entities. 
​

COPYRIGHT 2024. ALL RIGHTS RESERVED.
Virtual Data Room
Company   Services   Team   Transactions   Industries   Reports   News
Photo from inkknife_2000 (8.5 million views +)
  • Services
  • Team
  • Transactions
  • Industries
  • Reports
  • News
    • Capital Markets
    • Firm News
    • Resources
  • Contact
    • Newsletter
  • us