4/28: MetroIntelligence Economic Update by P. DUFFY

Consumer sentiment index rebounds slightly from mid-month low

The Univ. of Michigan’s Index of Consumer Sentiment rose slightly (+.08 points) from the middle of April to 71.8, but is still down 19.4 points from March, 29.2 points from February and 26.1 points year-on-year.

http://www.sca.isr.umich.edu/

 

March durable goods orders fell 14.4 percent, but core capital goods edged up 0.1 percent

New orders for manufactured durable goods in March decreased 14.4 percent to $213.2 billion, following three consecutive monthly increases.  New orders for “core capital goods,” which exclude defense spending and aircraft, rose 0.1 percent.

https://www.census.gov/manufacturing/m3/adv/pdf/durgd.pdf

 

Hotel industry shows sharp decline in metrics for March

In March, U.S. hotel occupancy fell nearly 43 percent to 39.4 percent, the average daily rate fell 16.5 percent to $110.66, and daily revenue per available room fell nearly 52 percent to $43.54.

http://www.hotelnewsnow.com/Articles/302467/No-sugarcoating-US-hotels-record-drops-in-March