The National Association of Home Builders’ Housing Market Index rose 1 point to a lower-than-expected 47 in March.
The New York Fed’s Empire State Manufacturing Survey rose to to 5.61 in March from 4.48 in February.
The Fed reports that Industrial Production rose an unexpectedly strong 0.6% in March. Capacity Utilization in the nation’s factories rose 0.3% to 78.8%.
Producer prices fell -0.1% in February. Less food and energy, prices fell -0.2%. Less food, energy & trade services, prices rose 0.1%. Prices for goods increased 0.4%, while service prices fell -0.3%.
The Reuter’s/University of Michigan’s consumer sentiment index fell from 81.6 to 79.9 in March.
The Bloomberg Consumer Comfort Index rose 0.9 points to -27.6 in the latest week, the highest since last August.
Initial jobless claims fell 9,000 to 315,000. The 4-week average fell 6,000 to 330,500. Continuing claims fell 48,000 to 2.855 million.
The Fed’s balance sheet rose $9.6 billion last week, with total assets of $4.181 trillion. Reserve Bank credit increased $11.2 billion.
The Fed reports that M2 money supply fell by $-13.9 billion in the latest week.
February retail sales rose 0.3% in February across the board, overall, less gas, and less gas and autos.
February export prices rose 0.6%, while import prices rose 0.9%. On a year-over-year basis, export prices fell 01.3%, while import prices fell -1.1%.
Business Inventories rose 0.4% in January, while a steep -0.6% drop in sales pushed the stock-to-sales ratio up to a troubling 1.32.
The MBA reports that mortgage applications fell -2.1% last week, with purchases down -1.0% and re-fis down -3.0%.
The Census Bureau’s quarterly services survey reports that information revenue rose 1.9% in the fourth quarter. That’s up 5.3% from the previous year.
Wholesale inventories rose 0.6% in January, while sales plunged -1.9%. That drove the sector’s stock-to-sales ratio up to a hefty 1.20.
The NFIB Small Business Optimism Index fell 3 points to 91.4 in February.
In weekly retail sales, ICSC Goldman reports a 1.3% weekly sales increase, and a 2.1% year-on-year increase. Meanwhile, Redbook says sales rose a weak 2.5% on a year-ago basis.
The Labor Department reports that 175,000 net new jobs were created in February. The unemployment rate rose a tick to 6.7%. Average hourly earnings rose 0.4%, while the average work week fell from 34.4 to 34.2 hours. The labor force participation rate held steady at 63.0%. The real unemployment rate, using the historical average rate of labor force participation, rose slightly, from 11.14% to 11.19%.
The nation’s trade deficit was $-39.1 billion in January.
January consumer credit rose by $13.7 billion, though this hides a decline of $0.2 billion in revolving credit.
Those chain stores that still report monthly sales generally reported improved year-on-year sales results in February.
The Challenger Job-Cut Report fell to 41,835 layoffs in February from 45,107 in January and 55,356 a year ago.
Gallup’s U.S. Payroll to Population employment rate was 43.1% in February up from 42.0% in January.
Initial jobless claims fell 26,000 to 323,000. The 4-week average fell 1,750 to 336,500, while continuing claims fell 8,000 to 2.907 million.
Productivity in the 4th quarter of 2013 rose a revised1.8%, more than half a percent below expectations.Unit labor costs fell an annualized -0.1%.
The Bloomberg Consumer Comfort Index rose 0.1 points to -28.5 in the latest week, a seven-month high.
Factory orders declined by -0.7% in February, following a January drop that was revised downwards to -2.0%.
The Fed’s balance sheet rose $11.8 billion last week, with total assets of $4.172 trillion. Reserve Bank credit increased $6.2 billion.
The Fed reports that M2 money supply fell by $-8.1 billion in the latest week.
The Fed’s Beige Book says that unseasonably cold weather reduced economic activity in two districts, but the rest showed modest to moderate improvement.
The MBA reports that mortgage applications rose wildly, up 9.4% last week, with purchases up 9.0% and re-fis up 10.0%.
ADP employment report estimates that private payrolls will rise by 139,000 in February.
Gallup’s U.S. Job Creation Index rose to 21 in February from 19 the previous month.
Markit’s services PMI slowed from 56.7 in January to 53.3 in February.
ISM non-manufacturing data moved lower to 51.6 in February from 54 in January.
Gallup’s Economic Confidence Index was unchanged at -16 for February.
In weekly retail sales, ICSC Goldman reports a 0.3% weekly sales increase, and a 1.5% year-on-year increase. Meanwhile, Redbook says sales rose a weak 2.9% on a year-ago basis.
US auto sales remained relatively flat for the 3rd straight month, at a 15.3 million annual rate.
Gallup’s self-reported Consumer Spending measure rose to $87 per day in February, vice $78 in January.
Personal income rose 0.3% in February, while spending rose 0.4%. The PCE Price index rose 0.3% overall, but only 0.1% at the core level. On a year-over-year basis, income rose4.1%, while spending rose 3.5%. The PCE Price index rose 1.2% overall, and 1.1% at the core level.
Markit’s PMI Manufacturing Index for February rose to 57.1 from January’s 53.7.
The ISM manufacturing index for February rose to 53.2 from January’s 51.3.
The J.P. Morgan Global Manufacturing PMI was 53.3 for March, up from 53.0 in February.
Construction spending rose 0.1% in January. On a year-ago basis, spending is up 9.3%.