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Representative David Schweikert - Vice Chairman

Unleashing Economic Prosperity

Weekly Economic Update November 3-7, 2014

The ISM index grew a strong 2.4 points to 59.0 in October. Vehicle sales grew at a 16.5 million unit annual pace in October. Construction spending declined 0.4% in September. The U.S. international trade deficit widened $3.0 billion to $43.0 billion in September. Factory orders fell 0.6% in Septembe...

Weekly Economic Update October 27 - 31, 2014

Pending home sales rose 0.3% to 105.0 in September. Durable goods orders fell 1.3% in September. The Case-Shiller home price index fell 0.1% in August. The FOMC announced an end to quantitative easing, and left policy rates unchanged at a range of zero to 0.25 percent. In an advanced estimate for th...

Weekly Economic Update October 20-24, 2014

The producer price index for total final demand fell 0.1% in September. Retail sales fell 0.3% in September. Business inventories increased 0.2% in August. The U.S. Treasury budget showed a surplus of $105.8 billion for September. Industrial production increased 1.0% in September. Housing starts inc...

Weekly Economic Update October 13-17, 2014

The producer price index for total final demand fell 0.1% in September. Retail sales fell 0.3% in September. Business inventories increased 0.2% in August. The U.S. Treasury budget showed a surplus of $105.8 billion for September. Industrial production increased 1.0% in September. Housing starts inc...

Weekly Economic Update: September 29 - October 3, 2014

Personal income rose 0.3% in August while spending rose 0.5%. Pending home sales fell 1.0% in August. The Case-Shiller home price index fell 0.5% in July. Vehicle sales fell a sharp 6.3% in September to a lower-than-expected annual rate of 16.43 million units. The ISM manufacturing index fell 2.4 po...

Weekly Economic Update: September 22-26, 2014

Existing home sales fell 1.8% to a lower-than-expected annual rate of 5.05 million units in August. New home sales jumped 18.0% to a higher-than-expected pace of 504,000 units annualized in August. Durable goods orders dropped 18.2% in August. In a final estimate, 2nd quarter GDP showed an upward re...

Weekly Economic Update: September 15-19, 2014

Industrial production slipped 0.1% in August. The producer price index for final demand remained unchanged in August. The consumer price index fell a lower-than-expected 0.2% in August. The FOMC announced that policy rates remain unchanged from the target level of 0 to 0.25%; purchases of agency-bac...

U.S. Census Bureau: Addressing Data Collection Vulnerabilities

The findings in this report are based on the Committees’ review of thousands of documents obtained during the course of the joint investigation, as well as witness interviews. Documents and testimony obtained by the Committees did not show a link between the data falsification that occurred in the P...

Weekly Economic Update: September 1-5, 2014

The ISM index increased 1.9 points to a higher-than-expected 59.0 for August. Construction spending increased 1.8% in July. Vehicle sales jumped 6.4% to an annual rate of 17.53 million vehicles. Factory orders jumped 10.5% in July. The U.S. trade deficit shrank slightly to $40.5 billion in July. In ...

Weekly Economic Update: August 25-29, 2014

New home sales slowed to a lower-than-expected 412,000 annual sales rate in July. Durable orders jumped 22.6% in July due to aircraft orders. The S&P Case-Shiller home price index fell 0.2% in June. In a 2nd estimate of the 2nd quarter of 2014, GDP grew 4.2% annualized. The pending home sales index ...