Despite the recent downbeat economic news, the State Street Investor Confidence Index rose 8.6 points to 123.0 in February.
In weekly retail sales, Redbook reports a 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales drop of -0.6%, and a weak 1.4% increase on a year-over-year basis.
The FHFA House Price Index rose 0.8% in December, a 7.7% increase from the previous year.
The S&P/Case-Shiller 20-city home price index rose 0.8% in December, which was 13.4 higher than the previous year.
The Conference Board’s consumer confidence index for February fell from 80.7 to 78.1.
The Richmond Fed manufacturing index for February plunged from 12 to -6, the first negative reading since July.
The Dallas Fed Manufacturing Survey’s business activity index fell 3 points to 0.3 in February. Conversely, the production index rose 3 points to 10.8.
The Purchasing Managers’ Index (PMI) US Services Flash fell nearly 4 points to 52.7 in February.
The Chicago Fed National Activity Index fell from 0.16 to -0.39 in January.
The Consumer Price Index rose 0.1% in January. The "core" CPI, which excludes food and energy, also rose 0.1%. On a year-over-year basis, both the headline and core CPI rose 1.6%.
Initial jobless claims fell 3,000 to 336,000. The 4-week average rose 1,750 to 338,500, while continuing claims rose 37,000 to 2.981 million.
Markit Economics’ PMI Manufacturing Index Flash for February rose 3 points to 56.7.
The Bloomberg Consumer Comfort Index rose 0.1 points to -30.6 in the latest week.
The Philadelphia Fed Survey’s general conditions index was very negative, dropping to -6.3 in February from January’s 9.4.
The Conference Board’s index of leading indicators rose 0.3% in January.
The Fed’s balance sheet rose $29.8 billion last week, with total assets of $4.149 trillion. Reserve Bank credit increased $35.5 billion.
The Fed reports that M2 money supply rose by $41.3 billion in the latest week.
The MBA reports that mortgage applications fell -4.1% last week, with purchases down -6.0% and re-fis -3.0%.
In weekly retail sales, ICSC Goldman reports a 2.5% weekly sales increase, and a 2.1% year-on-year increase. Meanwhile, Redbook says sales rose 3.2% on a year-ago basis.
Thanks to the extreme cold, housing starts plunged -16% in January to a 0.88 million annual rate.
A completely revised method of reporting Producer prices was released today. The overall PPI for January rose 0.2%, which was 1.2% on a year-over-year basis. The core PPI, less food, energy & trade services, rose 0.1% for the month. There is no annual comparison for the latter method of calculating the core PPI rate. The PPI for goods rose 0.4% for the month, and 0.9% for the year. The PPI for trade services rose 0.1% for the month, and 1.3% for the year.
Export prices rose 0.2% in January, while import prices rose 0.1%. On a year-over-basis, export prices are down -1.2% and import prices down -1.5%.
The Fed reports that industrial production fell -0.3% in January, while capacity utilization in the nation’s factories declined -07% to 78.5%.
The University of Michigan’s Consumer Sentiment Index remained steady at 81.2 in February.
Initial jobless claims rose 8,000 to 339,000. The 4-week average rose 2,750 to 336,750, while continuing claims fell 18,000 to 2.953 million.
Retail sales in January fell a worse than expected -0.4%, following December’s -0.1% drop.
The Bloomberg Consumer Comfort Index rose 1.4 points to -30.7 in the latest week.
Business Inventories rose a troubling 0.5% in December, while a meager 0.1% sales increase raised the stock-to-sales ratio to 1.30.
The Fed’s balance sheet rose $10.2 billion last week, with total assets of $4.119 trillion. Reserve Bank credit increased $10.5 billion.
The Fed reports that M2 money supply rose by $14.9 billion in the latest week.
The Treasury announced that the deficit in January came in at $10.4 billion with the year-to-date deficit at $144 billion Last year at this time, the deficit was $290 billion.
The MBA reports that mortgage applications fell -2.0% last week, with purchases down 5.0% and re-fis down -0.2%.
The Atlanta Fed Business Inflation Expectations survey shows expectations of 2.0% inflation for the next year.