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Economy


Economic Statistics for 3 Apr 14

Challenger reports that layoff announcements in March were 34,399, down from 41,835 in February.

The Gallup US Payroll to Population rate fell -0.4 points to 42.7 in March.

The US trade deficit rose to $42.3 billion in February from $39.3 billion in January.

Weekly initial jobless claims rose 16,000 to 326,000. The 4-week average rose 1,750 to 319,500. Continuing claims rose 22,000 to 2.836 million.

The PMI Services Index rose 2 points to 55.3 in March.

The Bloomberg Consumer Comfort Index rose 1.5 points to -30.0 in the latest week.

The ISM Non-Manufacturing Index rose 1.5 points to 53.1 in March.

The JP Morgan Global Composite PMI rose 0.5 points to 53.5 in March.

The Fed’s balance sheet rose $9.5 billion last week, with total assets of $4.236 trillion. Total reserve bank credit rose by $4.7 billion.

The Fed reports that M2 money supply grew $20 billion in the latest week.


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Economic Statistics for 2 Apr 14

The MBA reports that mortgage applications fell -1.2% last week. Purchases were up 1.0%, but re-fis fell -3.0%.

The ADP national employment report estimates that 191,000 new private payroll jobs were created in March.

The Gallup U.S. Job Creation Index rose 2 points in March to 23.

February factory orders rose a better-than-expected 1.6% helped by a 13.4% increase in aircraft orders and a 3.0% rise in autos.


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Economic Statistics for 1 Apr 14

Domestic vehicle sales rose 6.9% in March to a 16.4 million annual rate, rebounding from the weather-impacted sales of the past two months.

ICSC-Goldman reports weekly retail sales rose 3.6%, but were only up 0.6% on a year-over-year basis. Redbook reports an increase of 2.3% in retail sales over last year.

Markit’s manufacturing PMI final for March is 55.5, down from February’s 57.1.

The ISM manufacturing index rose 0.5 points in March to 53.7.

Construction spending in February rose 0.1%, which is a 8.7% increase over the previous year.

J.P. Morgan Global Manufacturing PMI fell nearly a full point to 52.4 in March.

Gallup’s Economic Confidence Index averaged -17 in March, essentially the same as the -16 of the past two months.


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Economic Statistics for 28 Mar 14

Personal income and spending both rose 0.2% in February, while the PCE price index rose 0.1%, at both the headline and core level. On a year-over-year basis, personal income is up 3.1% while personal spending is up 3.1%. The PCE price index is up 0.9% at the headline level and 1.1% at the core.

The University of Michigan’s Consumer Sentiment index rose 0.1 points to 80.0 in March.


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Economic Statistics for 27 Mar 14

The Commerce Department’s final GDP revision for the 4th Quarter shows a below-trend annualized rate of 2.6% GDP growth.

Weekly initial jobless claims fell 10,000 to 311,000. The 4-week average fell 9,250 to 317,750. Continuing claims fell 53,000 to 2.823 million.

Corporate profits in the 4th Quarter of 2013 were $1.905 trillion, compared to $1.869 trillion in the 3rd Quarter. On a year-over-year basis, corporate profits are up 6.0%.

The Bloomberg Consumer Comfort Index fell -2.5 points to -31.5 in the latest week.

The National Association of Realtors’ Pending Home Sales Index fell -0.8% to 93.9 in February.

The Kansas City Fed manufacturing index rose to 10 in March, versus 4 in February.

The Fed’s balance sheet rose by $4.9 billion last week, with total assets of $4.890 trillion. Total reserve bank credit rose by $13.2 billion.

The Fed reports that M2 money supply rose $12.2 billion in the latest week.


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Economic Statistics for 26 Mar 14

The MBA reports Mortgage applications fell -3.5% last week. Purchases were up 3.0% but re-fis fell 08.0%.

Durable goods orders rose an ostensibly strong 2.2% in February, but were only up 0.2% less transportation orders. On a year-over-year basis, Orders are up 0.2% overall, and up 1.5% less transportation orders.

The Purchasing Managers’ Index (PMI) US Services Flash for March rose from 52.7 to 55.5.


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Economic Statistics for 25 Mar 14

The FHFA House Price Index rose 0.5% in January, and is up 7.4% over the previous year.

The S&P/Case-Shiller home price index was up 0.8% in January. On a year-over-year basis, the index is up 13.2%.

New home sales fell from January’s 468k annualized sales rate to a 440k rate in February, as higher prices held down sales.

The Conference Board’s consumer confidence index in March rose a very sharp 4.2 points to 82.3.

The Richmond Fed manufacturing index continued to decline in March, down a point to -7.

The State Street Investor Confidence Index was unchanged in March at 123.0.


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