According to the IDC worldwide smart phone volumes declined 4.1% last year to a total of 1.4 billion units shipped.

According to the Institute of Supply Management, its index on manufacturing increased 2.3% in January month over month.

 

BP's annual profit doubled in 2018 to $12.7 billion, driven by a significant increase in oil and gas output, and the acquisition of the U.S. shale assets from BHP Group. (CNBC)  

 

If you are in Oregon landlord take note. This week an Oregon Senate committee passed Senate Bill 608. The bill would limit will rent increases at 7% above the cost-of-living. It would also ban no cause evictions. (Oregonian)

 

Wage inflation is a key indicator we're watching. Last Friday's nonfarm payrolls data showed that hourly earnings rose 3.2% year over year in January, and it has been trending higher over the past year. History shows that average wage growth has topped 4% ahead of recessions. (LPL)

 

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.