Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

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Economic Statistics for 27 Jan 15

Durable goods orders continue to fall, down -3.4% overall in December following November’s -2.1%. Excluding transportation, orders fell -0.8%. On a year-over-year basis, orders are up only 0.3%, though non-transportation orders are up 3.8%.

Redbook reports retail sales continue to weaken, rising just 3.2% on a year-ago basis, the weakest reading since July.

The S&P/Case-Shiller home price index rose 0.7% in November, and is up 4.3% on  year-over-year basis.

The Markit PMI services flash for January is up 0.4points to 54.0.

New home sales surged by a better-than-expected 11.6% in December to a 481,000 annual rate, while the median price rose 2.2%  to $298,100.

The Conference Board’s consumer confidence index for January rose a sharp 10.3 points to 102.9.

The Richmond Fed manufacturing index slipped -1 point in January to 6.

The State Street Investor Confidence Index fell from 112.1 to 106.7 in January, almost entirely on confidence slipping back in Europe. That said, the European index still remains quite high at 113.9.


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Economic Statistics for 22 Jan 15

Initial weekly jobless claims fell 10,000 to 307,000. The 4-week average rose 6,500 to 306,500. Continuing claims rose 15,000 to 2.443 million.

The FHFA House Price Index rose 0.8% in November, following October’s 0.6% increase.

The Bloomberg Consumer Comfort Index fell -0.7 points to 44.7 in the latest week.

The Kansas City Fed Manufacturing Index fell -5 points to 3 in January.

The Fed’s balance sheet fell $-3.141 billion last week, with total assets of 4.513 trillion. Reserve bank credit rose $5.4 billion.

The Fed reports that M2 money supply rose by $67.5 billion in the latest week.


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Economic Statistics for 21 Jan 15

The MBA reports that mortgage applications rose% last week, with purchases down -3.0%, but refis up 22.0%.

Housing starts rose by 4.4% in December to an annual rate of 1.089 million, but building permits fell -1.9% to 1.032 million annualized.

Redbook reports retail sales rose 3.0% on a year-ago basis, down from last week’s 3.8%, as sales continue to decline in January.


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Economic Statistics for 16 Jan 15

Net foreign demand for long-term US securities rose $33.5 billion in November, versus $-1.4 billion in October.

The December Consumer Price Index fell -0.4%, mainly on declines in energy prices, with prices less food and energy unchanged. On a year-over-year basis, the CPI is up 0.7% overall, and 1.6% at the core.

The Fed reports that December industrial production fell by -0.1%, while capacity utilization in the nation’s factories fell from 80.1% to 79.7%.

The University of Michigan’s consumer sentiment index rose 4.6 points to 98.2, the highest level since January 2004.


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