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Economic statistics

Economic Statistics for 3 Jun 13

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

Auto sales rose in May, and the Big 3 Automakers all report sales increases: GM 3.1%, Ford 14%; Chrysler 11%. Total us auto sales rose 8% from last year, to an annual pace of 15.2 million vehicles.

The PMI Manufacturing Index for May rose 0.2 to 52.3.

ISM Manufacturing Index fell -1.7 to 49.0, with all major components showing weakness.

Construction spending rose a less-than-expected 0.4% in April, which is up 4.3% on a year-over-year basis.

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Dale Franks
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Economic Statistics

Here are today’s statistics on the state of the economy. And yesterday’s too, since a family emergency kept me from posting them.

1st Quarter GDP was revised downwards to a 2.4% annualized growth rate. The GDP Price index also dropped to a 1.1% annual rate.

Initial jobless claims rose 10,000 to 354,000. The 4-week average rose 6,750 to 347,250. Continuing claims rose 63,000 to 2.986 million.

Corporate profits in the first quarter fell -4.0% to $1.738 trillion annualized.

The Bloomberg Consumer Comfort Index held at a near 5-year high at -29.7.

The Pending Home Sales Index rose a worse-than-expected 0.3% to 106.0 due to supply constraints.

The Fed reports the weekly M@ money supply fell -11.9 billion.

Personal income was unchanged in April, while spending fell -0.2%. The PCE price index fell -0.3% while the core rate was unchanged. On a year-over-year basis, income and spending were up 2.8%, while the PCE price index rose 0.7% at the headline level, and 1.1% at the core.

The Chicago Purchasing managers index rose sharply to 58.7 in May.

The Reuters/University of Michigan’s consumer sentiment index improved to 84.5 in May.

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Dale Franks
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Economic Statistics for 29 May 13

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

The MBA reports mortgage applications fell by -8.8%. Purchases rose 3.0%, but re-fis fell -12.0%.

In weekly retail sales, Redbook reports a slightly better 2.7% year-over-year sales growth rate. ICSC-Goldman’s sales report is bumpy, with a weak -0.9% sales drop for the week, but a better 2.8% annual rate.

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Dale Franks
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Economic Statistics for 28 May 13

The following US economic statistics were announced today:

The Dallas Fed Manufacturing Survey was mixed, with Production jumping from -0.5 to 11.2, but the overall index up only 5 to a still-negative -10.5.

The S&P/Case-Shiller home price index rose 1.1% in March, up 10.9% over last year.

The Conference Board’s Consumer Confidence index rose sharply from 68.1 to 76.2.

The Richmond Fed Manufacturing Index rose 4 points to -2 in May.

The State Street Investor Confidence Index rose 1.2 points to 94.8 in May.

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Dale Franks
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Economic Statistics for 23 May 13

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

Initial Jobless claims fell 23,000 to 340,000 last week. The 4-week average held at 339,500. Continuing claims fell 112,000 to 2.192 million.

The PMI Manufacturing Index Flash fell a single tick to 51.9 for May.

The FHFA House Price Index for March rose 1.3%, which is 7.2% higher on a year-over-year basis.

The Bloomberg Consumer Comfort Index rose to 29.4 last week from -30.2 the prior week.

New Home Sales rose 2.3% in April to a 454,000 annual rate. Prices are skyrocketing, too, up 8.3% in April.

The Kansas City Fed Manufacturing Index rose into positive territory in May, to 2 from last month’s -5.

~
Dale Franks
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