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First District: Boston Second District: New York Third District: Philadelphia Fourth District: Cleveland Board of Governors Board of Governors Fifth District: Richmond Sixth District: Atlanta Seventh District: Chicago Eighth District: St. Louis Ninth District: Minneapolis Tenth District: Kansas City Eleventh District: Dallas Twelfth District: San Francisco Twelfth District: San Francisco
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Business Cycle Dating Committee Page - Watch NBER's Jim Poterba on CNBC Dec2009 - Sep2010.

Last Peak in U.S. Economic Activity was December 2007 and Current Trough was June 2009
Previous Peak in U.S. Economic Activity was March 2001 and Previous Trough was November 2001.

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Economic Events this Week
4/21SunUS Holiday: Easter
4/22Mon08:30AM : Mar Chicago Fed National Activity Index (CFNAI)
4/22Mon10:00AM : Mar Exisiting Home Sales
4/23Tue07:45AM : Weekly TRE-GS Store Sales Index
4/23Tue08:30AM : Apr Philadelphia Fed Non-Mfg Business Outlook Survey
4/23Tue09:00AM : Weekly Redbook Retail Sales Index
4/23Tue10:00AM : Mar New Home Sales
4/23Tue10:00AM : Apr Richmond Fed Manufacturing Survey
4/24Wed07:00AM : Weekly MBA Mortgage Applications Survey
4/24Wed08:15AM : 1Q2019 ADP Workforce Vitality Index More Info
4/24Wed10:00AM : 3Q2018 Business Employment Dynamics
4/24Wed10:30AM : Weekly U.S. Petroleum Status Report
4/25Thu08:30AM : Mar Durable Goods Orders
4/25Thu08:30AM : Weekly Initial Jobless Claims
4/25Thu10:00AM : 1Q2019 Housing Vacancies/Ownership
4/25Thu11:00AM : Apr Kansas City Fed Manufacturing Survey
4/26Fri08:30AM : 1Q2019 Gross Domestic Product (GDP) Advance
4/26Fri10:00AM : Apr Univ. of Michigan Consumer Sentiment Index
Latest Economic Results Provided by
Kansas City Fed Manufacturing Activity grew more modestly in April

04/25/19 - Tenth District manufacturing activity grew more modestly in April, and expectations for future activity eased slightly but remained mostly solid (Chart 1). Price indexes showed little change, with some slight upticks in month-over-month selling prices and future raw …more…

March New Orders for Durable Goods increased 2.7%, Ex-Trans up 0.4%

04/25/19 - New Orders
New orders for manufactured durable goods in March increased $6.8 billion or 2.7 percent to $258.5 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.1 percent February decrease. Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders …more…

Weekly Initial Unemployment Claims Increase 37,000 to 230,000

04/25/19 - In the week ending April 20, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 37,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 192,000 to 193,000. The 4-week moving average was 206,000, an increase of 4,500 from the previous week's revised average. …more…

Purchase Apps down, Refi's down in Latest MBA Weekly Survey

04/24/19 - Mortgage applications decreased 7.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2019.

The Market Composite Index, a measure of mortgage loan application volume, decreased 7.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6 percent compared with the previous week. The Refinance Index decreased 11 …more…

New Home Sales in March at annual rate of 692,000

04/23/19 - New Home Sales
Sales of new single‐family houses in March 2019 were at a seasonally adjusted annual rate of 692,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.5 percent (±17.6 percent)* above the revised February rate of 662,000 and is 3.0 percent …more…

Richmond Fed's Current Activity Index fell from 10 to 3 in April

04/23/19 - Fifth District manufacturing activity moderated in April, according to the latest survey from the Richmond Fed. The composite index fell from 10 in March to 3 in April, weighed down by slightly negative readings in the indexes for both shipments and new orders but buoyed by a positive reading for the third component index, employment. Firms …more…

Philadelphia Fed NonManufacturing Survey Suggest Activity Continued to Expand in April

04/23/19 - Responses to the April Nonmanufacturing Business Outlook Survey suggest nonmanufacturing activity continued to expand in the region. The indexes for general activity at the firm level and new orders were in line with their readings from last month, and the sales/revenues index declined. The full-time employment index retreated from last …more…

Existing-Home Sales fell 4.9% in March

04/22/19 - Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month.

Total existing-home sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February to a seasonally adjusted annual rate of 5.21 million in March. Sales as a whole are down 5.4% from a year ago (5.51 million in …more…

Chicago Fed National Activity points to a pickup in economic growth in March

04/22/19 - Led by improvements in employment-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to –0.15 in March from –0.31 in February. Three of the four broad categories of indicators that make up the index increased from February, but three of the four categories made negative contributions to the index in March. The …more…

March Housing Starts decreased 0.3%, Permits down 1.7%

04/19/19 - Building Permits
Privately‐owned housing units authorized by building permits in March were at a seasonally adjusted annual rate of 1,269,000. This is 1.7 percent (±1.4 percent) below the revised February rate of 1,291,000 and is 7.8 percent (±1.9 percent) below the March 2018 rate of 1,377,000. Single‐family authorizations in March were at a …more…

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