Free Markets, Free People

Economic statistics

Economic Statistics for 6 Aug 13

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

America’s trade deficit narrowed to $-34.2 billion in June. Exports rose, and imports fell, though the falling imports may signal a lack of domestic consumer demand.

The Gallup Economic Confidence Index (ECI) fell from -98 to -12 in July.

Redbook is reporting solid retail sales growth at 3.7% from a year ago. ICSC-Goldman reports retail sales rose 0.3% last week, and are up 2.5% from a year ago.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 2 Aug 13

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

A disappointing 162,000 net new jobs were created in July, but the Unemployment rate declined to 7.4%. The working age population increased by 204,000 last month, yet the labor force declined by 37,000. So, "unemployment" fell. Yay! In the real world, the labor force participation rate fell to the historic low of 63.4% again. Also, the average work week decreased by 0.1 hour in July to 34.4 hours, while average hourly compensation dropped by 2 cents to $23.98. Of the new jobs created last month, a quarter were in restaurant or food services. Using the historical average level of labor force participation, the real unemployment rate is 11.58%.

Personal income rose 0.3% in June while consumer spending jumped 0.5%. The overall PCE price index rose a sharp 0.4%, while the core rate rose 0.2%. On a year-over-year basis income rose 3.1% but spending rose 3.3%, while the PCE price index is up 1.3% and the core PCE is up 1.2%.

Factory orders rose 1.5% in June, entirely on transportation orders. Ex transportation orders fell -0.4%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 1 Aug 13

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

Overall motor vehicle sales fell 0.2% in July, to a still strong 15.7 million annual rate. Despite that slight drop, most automakers saw strong sales gains on a year-over-year basis, with GM, Ford and Chrysler all seeing double digit gains.

The Challenger Job-Cut Report shows July layoffs fell to 37,701 from June’s 39,372.

Initial jobless claims fell 19,000 to 236,000. The 4-week average fell 4,000 to 341,250, while continuing claims fell 52,000 to 2.951 million.

The Markit PMI manufacturing index rose 2 points to 53.7 in July.

The Bloomberg Consumer Comfort Index rose 0.3 points to -27.0 in the latest week.

The ISM manufacturing index rose a sharp 5 points in July to 55.4, the strongest reading in more than 2 years.

Construction spending fell by -0.6 in June, well below expectations of a 0.4% increase.

For the July 31 week, the Fed balance sheet dropped $2.8 billion, with total assets of $3.572 trillion.

The Fed reports that M2 money supply rose by $16.8 billion in the latest week.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 31 Jul 13

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

The MBA reports mortgage applications fell -3.7% last week, with purchases down -3.0% and re-fis down -4.0%.

The ADP Employment Report indicates that 200,000 new private payroll jobs were created in July.

The Commerce Department’s initial estimate of 2nd Quarter GDP growth is an anemic 1.7% annualized, though that’s up from the 1.1% of the previous quarter. Inflation slowed, as the GDP price index rose 0.7%, compared to 1.2% in the 1st Quarter.

The Employment Cost Index rose a steep 0.5% in the 2nd Quarter, and is up 1.9% over a year ago.

The Chicago Purchasing Managers Index rose 0.7 points to 52.3 in July, but the new orders, production, and inventories components all declined.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 30 Jul 13

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

In weekly retail sales, ICSC Goldman reports weakness, with a -01.6% weekly sales drop, and a 2.2%% year-on-year increase. Meanwhile, Redbook says sales rose a moderate 2.9% on a year-ago basis.

The S&P/Case-Shiller home price index rose 1.0% in May, still strong, but down from the 1.7% and 1.9% of the previous months.

The Conference Board’s consumer confidence fell a point to 80.3 in July, but that disguises a 5-point gain in the "present situation" component.

The State Street Investor Confidence Index for July rose to 107.6, as institutional investors increased their appetite for risk.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 25 Jul 13

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

Durable goods orders shot up by 4.2% in Jun, but it was almost entirely due to aircraft orders. Ex-transportation, orders were unchanged. On a year-over-year basis, Durable orders are up 10.9%, and ex-transportation orders are up 4.9%.

Initial jobless claims rose 7,000 to 343,000 last week. The 4-week average fell 1,750 to 345,250, while continuing claims fell 119,000 decline to 2.997 million.

The Bloomberg Consumer Comfort Index rose 0.9 points to -27.3 in the latest week, matching a 5 1/2 year high.

The Kansas City Fed Manufacturing Index rose from -5 to 6 in July.

The Fed balance sheet increased $36.7 billion last week, with a $36.4 billion boost in mortgage-backed securities and $8.3 billion in Treasuries. Total assets for the July 24 week were $3.575 trillion.

~
Dale Franks
Google+ Profile
Twitter Feed