The future is hazy for the US economy, perhaps more so than usual, but the recent past is relatively clear and encouraging. A broad set of economic and financial indicators–defined by the Economic Trend Index (ETI) and the Economic Momentum (EMI) Index–continues to signal growth. In addition, an econometric projection of the indicators suggests that a relatively upbeat profile for the US economy is likely to roll on for the immediate future.
Daily Archives: March 18, 2013
Housing Starts: February 2013 Preview
Housing starts are expected to rise 5.0% in February vs. the previous month in tomorrow’s update, according to The Capital Spectator’s average econometric forecast. That compares with an 8.5% decrease reported for January (seasonally adjusted annual rate). The Capital Spectator’s projected gain for February is above the expected increases in several consensus forecasts drawn from surveys of economists.