Free Markets, Free People

Economic statistics


Economic Statistics for 4 Apr 12

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

Mortgage applications rose 4.8$ last week, with purchases up 7.2% and refis up 4%, as buyers purchased ahead of a scheduled FHA mortgage insurance premium increase.

The Ceridian-UCLA Pulse of Commerce Index continues to rise, increasing by 0.3% to 94.14 in March.

Non-manufacturing growth slowed slightly last month, with the ISM Non-Manufacturing Index falling to 56 from 57.3 last month.

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Dale Franks
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Economic Statistics for 3 Apr 12

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

Factory orders bounced back from a -1.1% decline in January with a 1.3% increase in February.

ICSC-Goldman Store Sales did well last week, with a 3.8% rise for the week, which is a 4.2% from last year. Redbook also reports a strong 4.6% year-on-year same-store sales increase.

Auto sales are due out, with the figures released throughout the day.

UPDATE: The Big 3 have reported Auto sales so far today. Overall Sales for GM were up 14.2% in march from the same period in 2011. Chrysler reports a 34% increase from last year, for its best monthly sales in 4 years. Ford’s sales gain was a much more modest 5%, but was still the best monthly sales rate since 2007, and suffers from the comparison to Mar, 2011, when Ford led all US auto sales for the first time in 13 years.

Also reporting in are Nissan, reporting their best sales ever, and Toyota, reporting the best sales since March 2008.

Dodge also announced that the reborn Dart will be hitting sales floors this June. I suspect the new Dart, which will take up a spot in the small-car lineup, will be somewhat less performance-based than the 318ci V-8 powered ’71 Dart I had as a High School Senior.

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Dale Franks
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Economic Statistics for 30 Mar 12

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

Personal income rose 0.2% last month, while personal spending rose 0.8%. On a year-over-year basis, income rose 3.2% while spending rose 4.1%.The PCE Price Index, an inflation indicator, rose 0.3% for the month, and 2.3% for the year. The core PCE rose 0.1% for the month, and 1.9% for the year. Analysts had expected significantly higher consumer spending increases.

The Reuter’s/University of Michigan’s consumer sentiment index continues to improve, rising to 76.2 in the latest 2-week period.

The Chicago PMI indicates business activity remains strong, though growth has slowed a bit, to 62.2 from last month’s 64. Any reading above 50 generally indicates economic expansion. This report is often seen as a precursor to the national PMI, due out Monday.

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Dale Franks
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Economic Statistics for 29 Mar 12

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

The Commerce Department’s final estimate for 4Q GDP was 3% annualized, matching analysts’ expectations.

Initial jobless claims in the March 24 week fell 5,000 to 359,000 from a revised 364,000 in the prior week.

Corporate profits in the fourth quarter shrank to $1.494 trillion annualized, compared to $1.502 trillion in the third quarter.

The Bloomberg Consumer Comfort Index rose to -34.7, simultaneously a recessionary reading, yet the 2nd highest in four years.

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Dale Franks
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Economic Statistics for 28 Mar 12

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

The MBA reports Purchase Applications rose 3.3% last week.  Sadly, re-fis dropped -4.6%, so overall mortgage applications fell -2.7%

Durable goods orders rose 2.2% in February, which is up 12.2% from February, 2011. Ex-transportation, orders rose 1.6% for the month, 8.5% from last year.

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Dale Franks
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Economic Statistics for 27 Mar 12

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

Retail sales look lackluster according to ICSC-Goldman, whose year-on-year same-store sales increase is only 2.7% for the week. Redbook is more positive, though, with a same-store sales increase of 3.8%.

The S&P Case-Shiller Home price index was unchanged for the month on a seasonally adjusted basis. Unadjusted, however, the index is down -0.8% for the month, and -3.8% from last year.

Consumer Confidence dipped slightly in March, to 70.2 from 70.8 last month.

The Richmond Fed Manufacturing Index fell to 7 in March from 20 last month.

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Dale Franks
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Economic Statistics for 26 Mar 12

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

The Chicago Fed National Activity Index fell to -0.09, mainly on a drop in production. The weakest factors, though, remain consumption and housing.

The Pending Home Sales Index fell -0.5% in February, to a reading of 96.5. All of the earlier optimism about a housing recovery seems to have been scorched by all the bad readings for February.

Expansion has slowed in the Dallas Fed region according to the Dallas Fed Manufacturing Survey which fell to 10.8 from 17.8.

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Dale Franks
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Economic Statistics for 23 Mar 12

Today’s economic release schedule is pretty sparse. The only thing on tap for today is new home sales. Speaking of which, new home sales fell 1.6% in February to a lower than expected 313,000 annual rate. Prices, though, rose by 8.3%, though this is counterbalanced by a 5.3 month supply of homes, the third lowest supply amount of what I laughingly refer to as "the recovery". February sales rose in the Northeast and West but fell sharply in the South, which is the key region for this series of data.

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Dale Franks
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Economic Statistics

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

Initial claims for unemployment fell by 5,000, to a lower than expected level of 348,000 for the week. The four-week average fell 1,250 to 355,000.

The Bloomberg Consumer Comfort Index fell slightly to -34.9. But, more people said the economy was improving than at any time in eight years.

Some previous data indicated home prices were improving. That would be good news, if it were true. But, it isn’t. The FHFA reports house prices in January were unchanged.

The Index of Leading Economic Indicators rose 0.7%, led by improvement in the labor market.

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Dale Franks
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