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Economic statistics

Economic Statistics for 4 Sep 14

The US trade deficit in July shrank $0.3 billion to $-40.5 billion. Exports rose 0.9%, while imports rose 0.7%.

Nonfarm productivity growth for the 2nd Quarter of 2014  rose at a 2.3% annualized rate, as unit labor costs fell -0.1%.

The ISM’s Non-Manufacturing Index rose 0.9 points in August, to 59.6.

The JP Morgan Global Composite PMI fell -0.4 points to 55.1 in August, while the Global Services PMI fell -0.5 points to 55.5.

Chain stores are reporting mostly rising rates of year-on-year sales growth in August compared to July, due to solid back-to-school sales.

Challenger’s Job Cut Report layoff count for August totals 40,010, vice 46,887 in July and 50,462 a year ago.

ADP estimates that private payroll growth in August was 204,000 jobs.

Gallup’s U.S. Payroll to Population employment rate fell -0.2% to 44.9%.

Weekly initial jobless claims rose 4,000 to 302,000. The 4-week average rose 3,000 to 302,750. Continuing claims fell 64,000 to a new recovery low of 2.464 million.

The Bloomberg Consumer Comfort Index rose 0.4 points to 37.7 in the latest week.

The Fed’s balance sheet rose $1.9 billion last week, with total assets of $4.416 trillion. Total reserve bank credit fell by $-2.5 billion.

The Fed reports that M2 money supply rose $14.5 billion in the latest week.


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Economic Statistics for 3 Sep 14

August motor vehicle sales rose a solid 6.4% to a 17.5 million annual rate.

Factory orders jumped 10.5% in July—all on aircraft sales. Ex-transportation orders actually fell -0.8%.

The Fed’s newest Beige Book, released today, still rates US economic growth as modest to moderate.

ICSC-Goldman says weekly retail sales were unchanged in the latest week, but up 4.8% over last year. Redbook’s retail sales reading shows 4.9% year-over-year sales growth.

The MBA reports mortgage applications rose 0.2% last week, with purchases down -2.0% but refis up 1.0%.

Gallup’s U.S. Job Creation Index was unchanged in August at 28, holding at a 6-year high.


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Economic Statistics for 2 Sep 14

Construction spending rose 1.8% in July, and is up 8.2% on a year-over-year basis.

The ISM Manufacturing Index rose 1.9 points in August to 59.0.

Markit’s August PMI manufacturing Index rose 2.1 points to 57.9.

The J.P. Morgan Global Manufacturing PMI rose a slight 0.1 points to 52.6 in August.

Gallup’s self-reported Consumer Spending measure was unchanged at $94 average daily spending.

The Gallup Economic Confidence Index rose 1 point to -16 for August.


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Economic Statistics for 29 Aug 14

Personal Income rose 0.2% in July, while consumer spending fell -0.1%. The PCE price index rose 0.1% at both the headline and core levels. On a year-over-year basis, personal income is up 4.3%, while personal spending is up 3.6%. The PCE Price index is up 1.6% at the headline level, and 1.5% at the core.

The Chicago Purchasing Manager’s Index jumped from 52.6 to 64.3 in July.

The Reuter’s/University of Michigan’s consumer sentiment index for August rose 3.3 points to 82.5.


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Economic Statistics for 28 Aug 14

The Commerce Department’s second estimate of First Quarter 2014 GDP came in at 4.2%, annualized. This is stronger than expected and stronger than the initial 4.0% estimate. The GDP Price Index rose at a 2.1% annualized rate.

Corporate profits in the Second Quarter of 2014 came in at $1.840 trillion, following $1.735 trillion for the First Quarter.

The pending home sales index for existing home sales rose a strong 3.3% in July to 105.9, up from 102.7 in June.

The Kansas City Fed manufacturing index slipped from 9 in July to 3 August.

Weekly initial jobless claims fell 1,000 to 298,000. The 4-week average fell 1,250 to 299,750. Continuing claims rose 25,000 to 2.53 million.

The Bloomberg Consumer Comfort Index rose 0.7 points to 37.3 in the latest week.

The Fed’s balance sheet rose $0.8 billion last week, with total assets of $4.414 trillion. Total reserve bank credit rose by $2.5 billion.

The Fed reports that M2 money supply rose $32.0 billion in the latest week.


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Economic Statistics for 26 Aug 14

Durable Goods orders for July soared by 22.6%, Sadly, it was all due to aircraft orders. Ex-transportation, orders fell -0.8%. On a year-over-year basis, orders were up 33.8% overall, but only 6.6% excluding transportation orders.

The FHFA purchase only house price index rose a respectable 0.4% in June, but the year-on-year rate slowed by -0.4% to 5.1%.

The S&P/Case-Shiller home price index fell -0.2% in June, though it was up 8.1% on a year-over-year basis.

The Conference Board’s consumer confidence index for August once again rose above expectations, up 1.5 points to 92.4.

The Richmond Fed manufacturing index rose 5 points to 12 in August, as manufacturing strengthened in the mid-Atlantic district.

The State Street Investor Confidence Index rose a very sharp 7.0 points in August to a very strong 122.8.

ICSC-Goldman reports weekly retail sales rose 0.6%, and were up 4.2% on a year-over-year basis. Redbook reports a 4.0% rise in retail sales over last year.


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Economic Statistics for 25 Aug 14

The Chicago Fed National Activity Index, a gauge of overall economic activity and inflationary pressure, rose 0.27 points to 0.39 in August.

The PMI Services Flash for August fell -1.5 points to 58.5.

New home sales rose for July rose less than expected, coming in at an annualized rate of 412,000.

The Dallas Fed general business activity index fell from 12.7 in July to 7.1 in August.


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Economic Statistics for 21 Aug 14

The PMI Manufacturing Index Flash for August rose 1.7 points to 58.0.

The Philadelphia Fed Survey for August rose a sharp 4.1 points to 28.0, a rise not supported by the report’s underlying indices. Both new orders and shipments slowed by half, while unfilled orders are shrinking and delivery times are improving. All of these are symptomatic of slowing activity. The headline number is not a a composite of components but is based on a single subjective question in the survey. This month, at least, the answer to that question seems at variance with the other indices in the report.

Existing home sales rose 2.4% to an annualized rate of 5.15 million units in July.

Initial jobless claims fell 14,000 last week, to 298,000. The 4-week moving average rose 5,000 to 300,750. Continuing claims fell 49,000 to 2.500 million.

The Bloomberg Consumer Comfort Index fell -0.2 points to 36.6 in the latest week.

The Fed’s balance sheet fell $-19.0 billion last week, with total assets of $4.412 trillion. Reserve Bank credit fell $-3.7 billion.

The Fed reports that M2 Money Supply fell by $-8.7 billion last week.


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