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Economic statistics


Economic Statistics for 30 May 12

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

The Pending Home Sales Index fell 5.5% to 95.5. Unexpectedly, of course. This indicates coming weakness in May and June home sales.

Despite low rates, mortgage applications fell -1.3%, with purchase applications down -0.6%, and refinance applications down -1.5%.

In retail sales, Redbook’s year-over-year same store sales increase of 3.2% still leaves May sales down -0.9% from April. ICSC-Goldman reports store sales fell -0.5% for the week, with year-over-year store sales up 2.9%. This is better than Redbook, but still not good.

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Dale Franks
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Economic Statistics for 29 May 12

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

The Dallas Fed Mfg Survey’s Business activity index fell to -5.1 from -3.4. The production index fell to 5.5. from 5.6.

The S&P Case-Shiller Home Price Index rose 0.1% in March; however, it’s still -2.6% lower than March 2011.

The Consumer Confidence Index fell 4 points to 64.9.

The State Street Investor Confidence Index fell a bit more than a point to 86.4.

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Dale Franks
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Economic Statistics for 24 May 12

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

Initial claims for unemployment were 370,000 in the latest week. Last week’s number was revised upwards to 372,000. The 4-week moving average dropped to 370,000.

Durable goods orders rose 0.2% overall in April, and 6.9% over last year. Ex-transportation, however, orders unexpectedly declined by -0.6%, though they’re still up 5.3% for the year.

Lower gas prices pushed the Bloomberg Consumer Comfort index up to -42 in the week ended May 20 after an almost four-month low of -43.6 the prior week.

The Kansas City Fed Manufacturing Index rebounded to its March level of 9 from April’s reading of 3, on growth in durable and nondurable goods producing plants.

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Dale Franks
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Economic Statistics for 23 May 12

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

New home sales increased 3.3 percent in April to a better-than-expected seasonally adjusted 343,000-unit annual rate.

Mortgage application for last week rose by 3.8%. Purchases fell by -3.0%, while refinance apps rose 5.6%.

The FHFA House Price Index rose 0.6% in the 1st Quarter of 2012. House prices are also up 0.5% from 1Q 2011, which make today’s result the 1st yearly increase since 2007. On a monthly basis, the HPI rose 1.8% from February.

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Dale Franks
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Economic Statistics for 22 May 12

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

Existing home sales improved in April, but not as much as expected, coming in at a 4.62 million annual rate. Sales were up 3.4%, but that was to be expected after a terrible March report. Sales were up 10% compared to last year.

The Richmond Fed Manufacturing Index shows regional growth slowing sharply for the month, falling to 4 from 14.

In weekly retail sales, ICSC-Goldman reports a-1.7% drop in store sales from last week, with the year on year rate down to 3.8%. Similarly, Redbook reports year on year same-store sales up only 2.7% down a full percentage point from last week.

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Dale Franks
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Economic Statistics for 17 May 12

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

The Philadelphia Fed Survey shows a dramatic slowdown in that district, with the headline index falling from 8.5 to -5.8. Delivery times, inventory, and unfilled orders all fell steeply, as did the 6-month confidence assessment. Input costs were little changed and prices received were actually contracting, a sign of decreasing demand.

Initial claims are unchanged this week from last week’s revised 370,000. The 4-week moving average fell to 375,000 from last week’s 379,750.

The Bloomberg Consumer Comfort Index fell to -43.6, its lowest level since January, as pessimism about personal finances and spending increased.

E-Commerce Retail Sales rose 3.1% in the 1st quarter, from 4th Quarter 2011. Year on year sales rose 15.1%. Online sales made up 4.9% of total retail sales.

The Index of Leading Economic Indicators, designed to predict economic activity over the next 6 months, declined by -0.1%. Building permits, jobless claims, and consumer expectations were the big negatives in the report.

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Dale Franks
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Economic Statistics for 16 May 12

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

The Fed reports industrial production rose 1.1% in April, while capacity utilization increased to 79.2%.

A dip in mortgage rates is causing an increase in refinance applications. MBA reports applications rose 9.2%, with purchases down -2.4%, but refinance applications up 13%.

Housing starts rose 2.6% in April, erasing March’s decline of -2.6%, coming in at a 717,000 annual rate. Building permits were at a 715,000 annual rate.

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Dale Franks
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Economic Statistics for 15 May 12

The week’s economic calendar kicks off today, which also brings us the largest crop of the week’s releases.

ICSC-Goldman reports mixed retail sales, with a weekly sales decrease of -0.8%, but a sharp increase of 4.5% in the year on year rate. Meanwhile, Redbook reports a year on year retail sales increase of 3.7%, the strongest in six weeks.

The Consumer Price Index was unchanged for April, as energy prices declined. Ex-food and energy, the core rate of inflation rose 0.2%.

The government’s report of retail sales shows a 0.1% sales increase in April. The same rate holds ex-autos and ex-autos and gas.

The New York Fed reports the Empire State Manufacturing Survey’s index on general business conditions rose more than 10 points to 17.09.

March business inventories rose a bit slower than in February, rising by 0.3%. A rise in sales trimmed the stock-to-sales ratio to 1.27, making March inventories look quite healthy.

The Treasury reports net capital inflows of $36.2 billion in March on foreign purchases of $22.3 billion of US securities and $13.9 billion in sales of foreign securities.

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Dale Franks
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