Rail Week Ending 17 September 2016: Data Looks Better This Week

Week 37 of 2016 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. However, the data was an improvement over last week.

Not looking so good:

This one’s coming down as well:

September 23, 2016: Highlights

The FRBNY Staff Nowcast stands at 2.3% and 1.2% for 2016:Q3 and 2016:Q4, respectively.

Negative news since the report was last published two weeks ago pushed the nowcast down 0.5 percentage point for both Q3 and Q4.

The largest negative contributions over the last two weeks came from manufacturing, retail sales, and housing and construction data.