Free Markets, Free People

Economic statistics

Economic Statistics for 15 Feb 13

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

Industrial production fell -0.1% in January, while capacity utilization dropped -0.2% to 79.1%.

The Empire State Mfg Survey jumped 18 points to 10.04, the first positive reading since July.

December’s net inflow of long-term US securities is a sizable $64.2 billion. Foreign buying of equities was especially strong.

Consumer sentiment rose 2.5 points to 76.3 in February’s mid-month reading.

Fourth quarter e-commerce sales rose 4.4% from the 3rd quarter. E-commerce made up a record 5.4% of all retail sales.

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Dale Franks
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Economic Statistics for 14 Feb 13

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

Initial jobless claims fell 27,000 to 341,00, and the 4-week average stands at 352,500, down 10,000 from last month. Continuing claims fell 130,000 to 3.187 million. The unemployment rate among insured works has dropped to a recovery low of 2.4%.

The Bloomberg Consumer Comfort Index dropped slightly to -35.9, staying inside the 3.1 point band it’s occupied since the start of the year.

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Dale Franks
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Economic Statistics for 13 Feb 13

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

January retail sales rose only 0.1%. Sales ex-autos rose 0.2%, as did sales ex-autos and ex-gas.

Business inventories rose 0.1% in December, but a slightly higher rate of business sales brings the stock-to-sales ratio down a tick to 1.278.

Import prices jumped 0.6% in January on higher energy prices, but were down -1.3% from last year. Export prices rose 0.3% in January, up 1.1% from last year.

The MBA reports mortgage applications fell -6.4% in the latest week, with purchases down -10.0%, and re-fis down -6.0%.

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Dale Franks
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Economic Statistics for 8 Feb 13

The following US economic statistics were announced today:

Wholesale inventories fell -0.1% in December, while wholesale sales were unchanged, keeping the stock-to-sales ratio steady at 1.19.

The US trade gap narrowed in December, falling to -$38.5 billion, largely due to a big drop in iPhone imports, and increased exports. Exports rose 2.1%, while imports dropped -2.7%.

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Dale Franks
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Economic Statistics for 7 Feb 13

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

Initial jobless claims fell 5,000 to 366,000, while the 4-week average fell 2,250 to 350,500. Continuing claims rose 8,000 to 3.224 million.

Monthly chain store sales are being reported today, with a generally positive trend, and some chains with very strong results. The signs are pointing to a 0.5% overall increase in ex-auto, ex-gas sales for the government’s retails sales report for January.

Non-farm business productivity fell a greater than expected -2.0% in the 4th quarter of 2012, while unit labor costs rose 4.5%. Business output declined to a 0.1% annualized rate from Q3’s 4.7%, while hours worked rose 2.2$. Unit labor costs were boosted by a 2.4% increase in compensation costs. Overall, this is a very disappointing report.

The Bloomberg Consumer Comfort Index rose almost a point to -36.3 in the latest week.

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Dale Franks
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Economic Statistics for 5 Feb 13

The following US economic statistics were announced today:

The Institute for Supply Management’s non-manufacturing index fell 0.9 points to 55.2. There were signs of strength in the report, however, with the employment index rising 2.2 points to 57.5, the highest monthly jump in 7 years.

In weekly retail sales, ICSC-Goldman Store Sales rose 2.4% for the week, and up 2.6% on a year-over-year basis, but the 4-week average is still below trend. Redbook reports a very soft 1.5% year-over-year sales increase. Both reports indicate January retail sales are weak.

~
Dale Franks
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