4/19: MetroIntelligence Economic Update by P. DUFFY

Early April business growth index slips to 52.8, but still in positive territory

At 52.8 in April, down from 54.6 in March, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signalled the slowest increase in overall business activity since September 2016.



Retail sales rebounded by 1.6 percent in March and 3.6 percent year-on-year

March retail sales rose 1.6 percent from the previous month (the largest jump since Sept. 2017), and were also up 3.6 percent from March 2018. Total sales for the first quarter of 2019 were up 2.9 percent from the same period a year ago.



March Leading Economic Index rose another 0.4 percent

The US Leading Economic Index picked up in 0.4 percent in March to 111.9 with labor markets, consumers’ outlook, and financial conditions making the largest contributions.