Activity Indices

Summary: Consumer sentiment, jobless claims, and rig counts were the main sources of economic data this week and all came in soft. While some of the softness was likely noise (fraudulent unemployment insurance applications) and some of it predictable (lower oil prices leads to lower rig counts), the leg down

This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a more timely and meaningful gauge of economic activity growth than what GDP and similar summary indicators provide. Please see here for more

This monitor is a reflection of how we update our assessments of economic growth in real-time as we get meaningful updates from macroeconomic data releases. It provides a more timely and meaningful gauge of economic activity growth than what GDP and similar summary indicators provide. Please see here for more

Bottom Line: We're seeing more stability (and potential recovery) in housing and more signs that the soft (survey) data is getting a post-SVB bounce. This is consistent with the stabilizing slowdown our activity indices reflect. Takeaways: The full version of this Activity Monitor is made available exclusively for