Free Markets, Free People

Economic statistics

Economic Statistics for 11 Jul 13

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

The Bloomberg Consumer Comfort Index rose 0.2 points to -27.3 in the latest week, which is a 5-year high.

Initial jobless claims rose 16,000 to 360,000. The 4-week average rose 6,000 to 351,750, while continuing claims rose 24,000 to 2.977 million.

Export prices fell -0.1% in June, while import prices fell -0.2%. On a year-over-year basis, export prices are up 0.8% while import prices are up 0.2%.

June’s US Treasury budget shows a rare surplus of $116.5 billion, more than half of which is a bailout repayment of $66 billion by Fannie Mae and Freddie Mac.

The Fed reports that the M2 money supply grew by $81.1 billion in the latest week.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 9 Jul 13

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

The NFIB Small Business Optimism Index fell a point in June to 93.5.

Thanks to the long holiday weekend, ICSC-Goldman is reporting retail sales rose 3.0% last week, up 2.9% from last year. Redbook also shows retail sales strength, with 3.6% year-over-year sales growth.

Consumer credit rose a sharp $19.6 billion in May, the largest gain in a year.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 5 Jul 13

Today’s only economic statistic is the Employment Situation. The headline numbers: 195,000 Net new jobs were created in June; the unemployment rate remained steady at 7.6%; average weekly hours were unchanged at 34.5; average hourly earnings rose by 0.4% to $24.01. Looking a bit deeper, the labor force participation rate actually rose a tick to 63.5% as an additional 160,000 people were employed. The real unemployment rate is closer to 11.65%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 3 Jul 13

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

The MBA reports that mortgage applications plunged -11.7% last week, with purchases down -3.0% and re-fis down -16.0%.

Challenger reports job layoff announcements totaled 39,372 in June, up from 36,398 in May.

The ADP Employment Report estimates that 188,000 private payroll jobs were created in June.

The U.S. trade deficit in May jumped to $45.0 billion from $40.1 billion in April.

Initial jobless claims fell 5,000 to 343,000. The 4-week average fell 250 to 345,500, while continuing claims fell 54,000 to 2.933 million.

The Gallup U.S. Job Creation Index was unchanged at 22 for June.

The Bloomberg Consumer Comfort Index rose 0.8 points to -27.5 in the latest week, a fresh five and a half year high.

The ISM Non-Manufacturing Index fell 1.5 points to 52.2 in June.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 2 Jul 13

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

June auto sales are coming in as the strongest in 6 years, up 4.6% to a 16M annual rate. Sales increases from various automakers: Ford, 13%; GM, 6%; Chrysler 8%; Nissan, 13%; Toyota, 9.8%; VW, 3%.

ICSC-Goldman reports a mixed retail sales picture, with weekly sales up 0.6%, but a weak 1.9% from last year. Redbook reports a moderate 2.9% year-over-year retail sales increase.

Gallup reports the July economic confidence index (ECI) averaged -8, little changed from May’s -7.

Factory orders rose 2.1% in May, largely on commercial aircraft orders, as ex-transportation orders were up 0.6%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 01 Jul 13

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

The PMI Manufacturing Index slipped to 51.9 in June from 52.3 in May.

The ISM Manufacturing Index rose nearly two points in June to 50.9, which moves the index back into growth territory.

Construction spending rose 0.5% in May, which put it up 5.4% on a year-over-year basis.

The Gallup US Consumer Spending Measure was unchanged in May, with Gallup estimating that consumers spent an average $90 per day.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 27 Jun 13

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

Initial jobless claims fell 9,000 to 346,000. The 4-week average fell 2,750 to 345,750, while continuing claims fell 1,000 to 2.965 million.

The Bloomberg Consumer Comfort Index rose 0.9 points to -28.3 in the latest week.

Personal income rose 0.5% in May, while spending rose 0.3%. The PCE price index rose 0.1% at both the headline and core rates. On a year-over-year basis, personal income rose 3.3%, while spending rose 2.9%. The PCE price index rose 1.0% at the headline rate and 1.1% at the core rate.

The Pending Home Sales Index rose 6.7% in May, to 112.3.

The Kansas City Fed Manufacturing Index fell to -5 in June from 2 in May.

The Fed reports that the M2 money supply rose by $3.9 billion in the latest week.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 26 Jun 13

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

The Commerce Department’s 3rd GDP revision for the 1st Quarter was slashed to 1.8% annualized from the second revision’s 2.4%. The GDP price index was revised upwards slightly to 1.2%.

1Q corporate profits were revised up to 1.75 trillion from the previous 1.738 trillion. This is still below the 4Q’s $1.774 trillion.

The MBA reports mortgage applications fell -3.0% last week, with purchases up 2.0% but re-fis down -5.0%.

~
Dale Franks
Google+ Profile
Twitter Feed