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Economic statistics


Economic Statistics for 16 Jul 12

The following statistics were released today on the state of the US economy:

Retail sales declined for the third month in a row, falling a greater-than-expected -0.5% in June. Less autos, sales fell -0.4%; less gas and autos, sales fell -0.2%. Retail sales on a year-ago basis were up 3.8%.

In another unwelcome sign for the economy, Business inventories in May rose 0.3%, while sales fell 0.1% for the second month in a row. This raised the stock-to-sales ratio to 1.27. That’s the highest level since May 2011.

The Empire State Mfg Survey rose more than 5 points to 7.39, but new orders, an indication of future activity, fell to -2.69. Unfilled orders are also contracting, at a very steep -13.58.

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Dale Franks
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Economic Statistics for 13 Jul 12

The following statistics were released today on the state of the US economy:

The Producer Price Index rose 0.1% in June, and up 0.8% on a year-over-year basis. Ex-food and transportation, the Core PPI was up 0.2%, and 2.6% year-over-year.

While some increasing optimism is evident in the underlying numbers, the overall consumer sentiment index fell 1.2 points to 72.0.

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Dale Franks
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Economic Statistics for 12 Jul 12

The following statistics were released today on the state of the US economy:

Initial jobless claims fell 26,000 to 350,000 last week, mainly due to seasonal distortions in the Auto Industry. The 4-week moving average fell to 376,500. Continuing claims fell to 3.304 million.

Import prices for June followed May’s 1.0% decline by falling -1.7%, with a year-over-year rate of -2.1%. Export prices fell -2.7%, with a year-over-year rate of -2.6%.

The Bloomberg Consumer Comfort Index remained unchanged at 37.5 in the latest week.

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Dale Franks
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Economic Statistics for 11 Jul 12

The following statistics were released today on the state of the US economy:

In May, the U.S. trade gap shrank to $48.7 billion from a revised $50.6 billion in April, primarily on falling oil prices.

Wholesale inventories rose 0.3% in May, well above a -0.8% decline in sales at the wholesale level. The stock to sales ratio rose to 1.18.

MBA Purchase applications fell -2.1% in the latest week, with purchase apps rising 3.0% and re-finance apps falling -3.0%.

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Dale Franks
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Economic Statistics for 10 Jul 12

Today kicks off the week’s statistics on the state of the US economy:

The NFIB Small Business Optimism Index fell 3 full points in June to 91.4, a "significant" decline that reverses year-to-date improvement. The report highlights a weak labor sector, with job creation contracting for the first time this year. Also in decline were capital investment plans, earnings trends, and special weakness in consumer spending—especially on services.

In retail sales, Redbook reports year-over-year store sales were unchanged at a weak 2.2%. Conversely, ICSC-Goldman shows retail sales strength, with comparable store sales rose 2.0% for the week, and were up 3.0% over last year.

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Dale Franks
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Economic Statistics for 6 Jul 12

Here are today’s statistics on the state of the economy:

The Monster Employment Index rose 6 points to 153, as online recruiting picked up in June.

The Employment Situation for June is dismal for the 3rd month in a row. Total non-farm payrolls increased by 80,000. The unemployment rate is unchanged at 8.2%. Hourly earnings increased by 0.3%, while Weekly hours increased by 0.1 hours to 34.5 hours. Private payrolls increased by 84,000. The U-6 unemployment rate, the broadest measure of unemployment/underemployment, rose 0.1% to 14.9%.  The labor force participation rate and the employment/population ratio are both unchanged at 63.8% and 58.6%, respectively. Both are the lowest since 1983.

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Dale Franks
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Economic Statistics for 5 Jul 12

The following statistics were released today on the state of the US economy:

Initial claims for unemployment fell 14,000 in the June 30 week to 374,000, much better than expected. The 4-week moving average fell slightly to 385,750. Continuing claims in rose 4,000 to 3.306 million with the 4-week average falling 3,000 to 3.304 million. The unemployment rate for insured workers is 2.6%, which is unchanged since March.

ADP’s private payroll count shows a better-than-expected rise of 176,000, hopefully pointing to strength for tomorrow’s employment situation.

Unlike the ISM manufacturing index, the ISM Non-Manufacturing Index stayed positive at 52.1, though that’s still slower than last month.

Chain Store Sales had a disappointing June, with many retailers lowering guidance, reporting lower rates of year-on-year growth than in May.

MBA Purchase Applications fell -6.7% last week, with purchases up 1.0%, but refinance applications down -8.0%.

The Challenger Job-Cut Report’s layoff count for June is 37,511, down from 61,887 in May and down from 41,432 in June last year.

The Bloomberg Consumer Comfort Index dropped from last week’s 2-month high to -37.5.

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Dale Franks
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Economic Statistics for 3 Jul 12

The following statistics were released today on the state of the US economy:

Auto sales will be released throughout the day today. First reports are from Chrysler, whose sales rose 20% to 144,811 vehicles. Nissan posted a 28% sales gain, to 92,237 new vehicles. More figures will be released later today.

In retail sales, ICSC-Goldman reports bad weather reduced same-store retail sales to a year-on-year 1.4% increase, though sales rose 0.2% on a weekly basis. Redbook reports weak 2.2% sales growth both on a weekly basis, as well as in the 4-week moving average. Both Redbook and ICSC-Goldman sales results are the worst in a year.

US factory orders rose a better-than-expected 0.7% in May. Ex-transportation, orders were up by 0.4%, reversing 2 months of decline.

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Dale Franks
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Economic Statistics for 2 Jul 12

Here are today’s statistics on the state of the economy:

The ISM manufacturing index shows a contacting manufacturing sector for the first time since July 2009, falling to 49.7 in June. New orders, at 47.8, show contraction for the first time since April 2009, and point to the possibility of a slower July, as well. Inventories and prices also fell.

Markit Economics’ PMI for the US slowed to 52.5 in May, vice 54 for April.

Construction spending rose a better-than-expected 0.9% in May, following a 0.6% rise in April. On a year-over-year basis, spending was up 7.0%.

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Dale Franks
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Economic Statistics for 29 Jun 12

The following statistics were released today on the state of the US economy:

Personal income rose 0.2% in May, while personal spending was unchanged. The PCE price index fell -0.2% for the month, though the core rate rose 0.1%. On a year-over-year basis the index rose 1.5% overall, while the core rate rose 1.8%.

The consumer sentiment index fell to 73.2, which puts the index down to a new low for the year.

The Chicago Purchasing Managers Index rose slightly to 52.9, but the new orders component is the weakest since September 2009, pointing to slowing conditions this summer for Chocago businesses.

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Dale Franks
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