Lower top income tax rates don’t necessarily lead to greater economic growth. In other words, there is no magic low-tax-rate bullet for the economy.
It’s a slow week for the economic calendar but a few reports could cause a stir, including the trade balance and producer price index.
The last full week of April brings a big week in economic news. Monday is a snooze, but Tuesday through Friday will be packed.
Another week brings more opportunities to gauge the economy, and investing opportunities, in the form of economic indicators.
For the second week of April, investors can look forward to the National Federation of Independent Business Index, the Beige Book, the producer price index, the Consumer Price Index and the University of Michigan Consumer Sentiment Index.
NFIB small business survey
On Tuesday, the National Federal of Independent Business will release their survey of small business owners for the month of March. The February reading of the NFIB small business survey, released last month, indicated an increase for the sixth consecutive month.
Going into Easter and Passover, the economic calendar this week is fairly light, but at least one very significant report will be coming out: nonfarm payrolls and the headline unemployment rate will be released on Friday. This morning, the Institute for Supply Management’s manufacturing report showed the sector expanding in March, up 1 percent from
Another week brings more economic indicators for investors to watch. This time around, we’ll see pending home sales, consumer confidence, durable goods orders, the weekly initial jobless claims, as well as personal income and outlays.
Pending home sales
This report came out Monday morning from the National Association of Realtors. It tracks signed contracts on homes, condos and co-ops and is considered a leading indicator of housing activity.
The pending home sales index came in under expectations, falling 0.5 percent for the month of February.
On Tuesday, the Conference Board releases the Consumer Confidence Index for the month of March. Consumer confidence skyrocketed in February, up to 70.8 from 61.5, the revised reading for January.
The economic calendar for investors is relatively light this week. Highlights include housing starts for February, existing home sales, weekly jobless claims, the leading indicators index and new home sales.
On Tuesday, the new residential construction report, also known as housing starts, will be released by the U.S. Census Bureau. The report tracks the number of building permits issued for the month, housing starts and housing completions.
This week’s key economic reports for investors, the nonfarm payrolls report and the unemployment rate, will come on Friday. There are plenty of other reports and global activities to keep investors busy throughout the week, however. Today, factory orders will be released at 10 a.m. This report comes from the Census Bureau and contains the
Economic reports coming out this week deal with a few key areas of the economy including housing, consumers and manufacturing. There’s just one caveat, according to Bernard Baumohl, chief global economist at the Economic Outlook Group in Princeton, N.J. “All of these economic indicators or rather most of them that will come out (this) week
It should be a big week for investors with many economic reports set to be released. It starts on Tuesday with the retail sales report for the month of January. On Sunday, the website Marketwatch.com surveyed economists and predicted that retail sales increased 1 percent last month in the story, “Retail sales key to U.S.