Free Markets, Free People

Dale Franks

Dale Franks’ QandO posts

Economic Statistics for 15 April 16

Industrial production fell -0.6% in March, for the second month in a row. Capacity utilization in the nation’s factories fell to 74.8%.

The Empire State Manufacturing Survey surged in April, rising from 0.62 to 9.56.

The University of Michigan’s Consumer Sentiment Index fell -1.3 points to 89.7 in April.

Foreign demand for long-term US securities rose by $72.0 Billion in February.


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

Economic Statistics for 14 Apr 16

Consumer prices rose 0.1% in March, both at the headline and core rate. On a year-over-year basis, the CPI is up 0.9% overall, and 2.2% less food and energy.

Initial weekly jobless claims fell 13,000 to 253,000. The 4-week average fell 1,500 to 265,000. Continuing claims fell 18,000 to 2.171 million.

The Bloomberg Consumer Comfort Index rose 1.0 point to 43.6 in the latest week.

The Fed’s balance sheet rose $15.7 billion last week, with total assets of $4.5 trillion. Reserve bank credit rose $4.4 billion.

The Fed reports that M2 money supply fell by $33.7 billion in the latest week.


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

Economic Statistics for 13 Apr 16

The Fed’s Beige Book reports today that US economic growth remains modest to moderate, though the labor market continues to grow.

March retail sales fell a disappointing -0.3%, though sales less autos rose 0.2% and sales less autos and gas rose 0.1%.

Producer Prices for Final Demand fell -0.1% in March. Prices less food and energy fell -0.1%, and prices less food, energy, and trade services were unchanged. On a year-over-year basis, PPI-FD is down -0.1%, Prices less food and energy are up 1.0%, and prices less food, energy, and trade services are up 0.9%.

Business inventories fell -0.1% in February, but a -0.4% drop in sales kept the stock-to-sales ratio at a high 1.41.

The Atlanta Fed Business Inflation Expectations outlook for the next 12 months dipped -0.1% to 1.7% in April.

The MBA reports that mortgage applications, driven by interest rate drops, rose 10.0% last week, with purchases up 8.0% and refis up 11.0%.


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

Economic Statistics for 12 Apr 16

Increased costs for Medicare and especially net interest payments drove the Treasury’s budget deficit in March to $-108.0 billion. The deficit-to-date is 4.9% higher than April 2015.

Import prices rose 0.2% in March, while export prices were unchanged. On a year-over-year basis, import prices are down -6.2% and export prices were down -6.1%.

The NFIB’s Small Business Optimism Index fell -0.3 points to 92.6 in March.

Redbook reports that last week’s retail sales growth rose to a still-weak 1.1% on a year-ago basis, from the previous week’s 0.6%.


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

Economic Statistics for 7 Apr 16

Chain stores that reported sales today are reporting weaker sales for March than February.

Initial weekly jobless claims fell 9,000 to 267,000. The 4-week average rose 3,500 to 266,750. Continuing claims rose 19,000 to 2.191 million.

The Bloomberg Consumer Comfort Index fell -0.2 points to 42.6 in the latest week.

The Fed’s balance sheet rose $1.2 billion last week, with total assets of $4.484 trillion. Reserve bank credit fell $-1.0 billion.

The Fed reports that M2 money supply rose by $69.3 billion in the latest week.


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

Economic Statistics for 5 Apr 16

Imports rose 1.3%, while exports rose only 1.0% in February, widening the International Trade gap to $-47.1 billion for the month.

The Gallup Economic Confidence Index rose to -10 from -13 in March.

Redbook reports that last week’s retail sales increase fell to 0.6% on a year-ago basis, from the previous week’s 1.5%.

The PMI Services Index rose 1.6 points to 51.3 in March.

The ISM non-manufacturing index rose a sharp 1.1 points in March to a 54.5.

The Labor Department’s Job Openings and Labor Turnover Survey fell to 5.445 million in February, from January’s 5.541 million.


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