Itasca State Park ranks first in #Minnesota
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An F-35 "Lightning" has been added to the #Duluth
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ISM non-manufacturing levels above 50 signal expansion; levels below 50 signal contraction.
The ISM non-manufacturing index rose to 57.6 in February, easily beating the consensus expected 56.5.
Real GDP was unrevised at a 1.9% annual growth rate in Q4, lagging the consensus expected 2.1%.
Personal income is up 4.0% in the past year, while spending is up 4.7%.
Personal consumption rose 0.2% in January, coming in below the consensus expected 0.3%.
Personal income increased 0.4% in January, coming in above the consensus expected 0.3%.
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The ISM manufacturing index rose to 57.7 in February, easily beating the consensus expected level of 56.2.
ISM manufacturing levels higher than 50 signal expansion; levels below 50 signal contraction.
New single-family home sales are up 5.5% from a year ago.
New single-family home sales increased 3.7% in January to a 555,000 annual rate, falling well below the consensus expected pace of 571,000.
New orders for durable goods rose 1.8% in January (+1.4% including revisions to December) versus a consensus expected 1.6%.
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Existing home sales are up 3.8% versus a year ago.
Existing home sales increased 3.3% in January to a 5.69 million annual rate, easily beating the consensus expected 5.55 million.
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Housing starts declined 2.6% in January to a 1.246 million annual rate, beating the expected 1.226 mill.. Starts are up 10.5% vs. a yr ago
The Consumer Price Index increased 0.6% in January, coming in above the expected increase of 0.3%. The CPI is up 2.5% from a year ago.
Retail sales are up 5.6% versus a year ago.
Retail sales rose 0.4% in January (+0.7% including revisions to prior months), beating the consensus expected 0.1% gain.
Industrial production fell 0.3% in January, falling short of the consensus expected 0.0%. Utility output fell 5.7%, while mining rose 2.8%
Producer prices are up 1.7% versus a year ago.
The Producer Price Index (PPI) rose 0.6% in January, coming in well above the consensus expected increase of 0.3%.
Consumer spending to hit a pothole with tax refunds still in the mail accountingtoday.com/news/consumer-…
In the last year, exports are up 4.2% while imports are up 4.6%.
Exports rose $5.0 billion, led by civilian aircraft and other goods. Imports rose $3.6 billion in December, led by passenger cars.
The trade deficit in goods and services came in at $44.3 billion in December, smaller than the consensus expected $45.0 billion.
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. Nonfarm productivity (output per hour) is up 1.0% versus last year.
Nonfarm productivity (output per hour) increased at a 1.3% annual rate in the fourth quarter, narrowly beating the consensus expected 1.0%
ISM manufacturing index evels higher than 50 signal expansion; levels below 50 signal contraction.
The ISM manufacturing index rose to 56.0 in January, beating the consensus expected level of 55.0.
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Personal income is up 3.5% in the past year, while spending is up 4.5%.
Personal consumption rose 0.5% in December, matching consensus expectations.
Personal income increased 0.3% in December, coming in below the consensus expected 0.4%.
The first estimate for Q4 real GDP growth is 1.9% at an annual rate, below the consensus expected 2.2%. Real GDP is up 1.9% for last yr.