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Fed's Beige Book: "Economic activity increased slightly to moderately"

Calculated Risk

Fed's Beige Book Economic activity increased slightly to moderately across the twelve Federal Reserve Districts in late November and December. Contacts in several service industries, notably healthcare, continued to see job growth. Vehicle sales grew modestly.

Economics 162
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Leading Index for Commercial Real Estate Decreased 7% in March

Calculated Risk

On the institutional side, planning activity slowed for education, healthcare and government buildings. Commercial construction is typically a lagging economic indicator. On the commercial side, weaker planning activity for warehouses, data centers and retail stores drove this months decline.

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Leading Index for Commercial Real Estate Increased 10% in December

Calculated Risk

On the commercial side, data center and warehouse planning drove much of the growth this month, while stronger healthcare and education activity supported the institutional portion. Commercial construction is typically a lagging economic indicator. In December, the DMI was up 19% when compared to year-ago levels.

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Friday links: troubling economic effects

Abnormal Returns

qsrmagazine.com) Do you really want to get your healthcare from Dollar General ($DG)? (theverge.com) Companies Netflix ($NFLX) changed how content is made. Hence the Hollywood strikes. theatlantic.com) Cold drinks make up some 75% of Starbucks ($SBUX) sales. wsj.com) Reading Morgan Housel, "A good reading filter is more art than science.

Economics 246
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Leading Index for Commercial Real Estate Increased 1% in April

Calculated Risk

Owners and developers are navigating heightened economic and policy uncertainty, which likely bogged down much of this months planning activity. On the institutional side, planning momentum waned for education, healthcare, and government buildings. Commercial construction is typically a lagging economic indicator.

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Leading Index for Commercial Real Estate Increased 8% in July

Calculated Risk

On the institutional side, healthcare was the primary driver of this month’s expansion. Commercial construction is typically a lagging economic indicator. Within the commercial portion of the Index, growth was widespread across all segments. In July, the DMI was 17% higher than in July of 2023.

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Leading Index for Commercial Real Estate Increases in November

Calculated Risk

While education and healthcare projects slowed in November, the institutional component remained net-positive alongside a robust increase in planning projects for government administrative buildings and religious facilities. The rate of increase in the DMI, however, has steadied over the month.