The economy continues to surprise and confuse. Three of the key components of the economy are retail sales, housing, and manufacturing. Think of these a as a three-legged stool. There’s mixed news about all three legs this week.
Retail Sales…surprised to the upside this week. But is this actually good news? Economist Brian Wesbury unpacks it in his post “Retail Sales Rose 3.0% in January.”
Manufacturing…ITR Economics’ Brian Beaulieu looks ahead at a bit of a mixed manufacturing picture through 2024.
Housing Starts….Last week ITR Economics’ Lauren Saidel-Baker explored what was ahead for housing and this week’s data appears to support her analysis.
