Weekly Indicators: consumer expansion, industrial recession edition

Monthly data for August included an increase in new home sales, but a decrease in existing home sales. Durable goods orders decreased. Consumer sentiment as measured by the University of Michigan continued to decline.

My usual note: I look at the high frequency weekly indicators because while they can be very noisy, they provide a good Now-cast of the economy. The indicators will confirm a trend or indicate a switch in trend well before monthly and quarterly reports.