Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

1 2 3 142

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.


Dale’s social media profiles:
Twitter | Facebook | Google+

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.


Dale’s social media profiles:
Twitter | Facebook | Google+

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.


Dale’s social media profiles:
Twitter | Facebook | Google+

Economic Statistics for 15 Jan 15

Initial weekly jobless claims rose 19,000 to 316,000. The 4-week average rose 6,750 to 298,000. Continuing claims fell 51,000 to 2.424 million.

Producer Prices for Final Demand fell -0.3% in December. Prices less food and energy rose 0.3%, while prices less food, energy, and trade services rose 0.1%. Prices for goods declined -1.2% while prices for services rose 0.2%. On a year-over-year basis, PPI-FD is up 1.1% overall, while prices less food and energy rose 2.1%, and prices less food, energy, and trade services rose 1.4%. Prices for goods fell 1.2% from last year, while prices for services rose 2.2%.

The Empire State manufacturing index rose from December’s contractionary reading of -3.58 to an expansionary 9.95 in January.

The Bloomberg Consumer Comfort Index rose 1.8 points to 45.4 in the latest week, the highest reading since mid-2007.

The general business conditions index of the Philadelphia Fed’s Business Outlook Survey fell sharply in January, from 24.5 to 6.3.

The Fed’s balance sheet rose $16.6 billion last week, with total assets of 4.516 trillion. Reserve bank credit rose $3.2 billion.

The Fed reports that M2 money supply rose by $39.9 billion in the latest week.


Dale’s social media profiles:
Twitter | Facebook | Google+

Economic Statistics for 14 Jan 15

The MBA reports that falling rates led to an explosion of mortgage applications, up 49.1% last week, with purchases up 24.0% and refis 66.0%.

Retail sales fell a disappointing -0.9% in December. Sales less autos fell -1.0%, while sales less autos and gas fell -0.3%.

Declining oil prices sent export prices down -1.2% in December, while import prices plunged -3.2%. On a year-over-year basis, Export prices are down -2.5% while import prices are down -5.5%.

The Atlanta Fed’s Business Inflation Expectations survey shows inflation expectations of 1.7% in January, down from December’s 1.9%.

Business inventories rose 0.2% in November, while a -0.2% drop in sales left the stock-to-sales ratio at a moderate 1.31.

The Fed’s latest Beige Book says that economic activity continues to expand at a “modest” or “moderate” rate.


Dale’s social media profiles:
Twitter | Facebook | Google+

1 2 3 142