Free Markets, Free People

Economic statistics

Economic Statistics for 24 Jul 13

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

The MBA reports that mortgage applications fell -1.2% last week, with purchases down -2.0% and re-fis up 1.0%.

Markit’s PMI Manufacturing Index Flash rose a full point to 53.2 in July.

New Home Sales proceeded at a 497,000 annual rate in June, with a very tight availability of only 3.9 months at the current sales rate.

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Dale Franks
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Economic Statistics for 23 Jul 13

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

ICSC-Goldman follows last week’s big -1.1% sales drop with a 1.4% weekly gain this week, and 2.1% year-over-year gain. Redbook shows same-store retail sales up sharply, with 3.3% year-on-year sales growth.

The FHFA House Price Index continues to rise, up 0.7% in May, for a year-over-year 7.3% increase.

The Richmond Fed Manufacturing Index collapsed in July,  dropping from 8 in June to -11. Both new orders and shipments fell to -15.

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Dale Franks
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Economic Statistics for 18 Jul 13

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

Initial jobless claims fell 24,000 to 334,000. The 4-week average fell 5175 to 346,000, while continuing claims rose 91,000 to 3.114 million.

The Bloomberg Consumer Comfort Index fell a point to -28.4 in the latest week.

The Philadelphia Fed Survey rose more than 7 points to 19.8, the strongest rate of monthly growth in the Mid-Atlantic region since March 2011.

The Conference Board’s index of Leading Indicators remained unchanged for June.

The Fed reports that M2 money supply fell by $-8.8 billion in the latest week.

The Fed’s balance sheet expanded $33.8 billion last week, while Reserve Bank credit rose $21.3 billion. Total assets were $3.538 trillion.

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Dale Franks
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Economic Statistics for 17 Jul 13

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

The MBA reports that mortgage applications fell -2.6% last week, with purchases up 1.0% but re-fis down -4.0%.

Housing starts pulled back sharply in June, down -9.9% to an annualized 0.836 million.

The Fed’s Beige Book reports that overall economic activity continued to increase at a "modest to moderate pace" in the latest reporting period.

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Dale Franks
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Economic Statistics for 16 Jul 13

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

In weekly retail sales, ICSC-Goldman reports a -1.1% weekly sales drop, with year-over-year sales up only 1.7%. Redbook reports year-over-year sales dropped from 3.8% last week to 3.0% this week.

The Consumer Price Index rose a sharp 0.5% in June, but a more moderate 0.2% ex-food and -energy. On a year-over-year basis, the CPI is up 1.8%, with the core rate up 1.6%.

Despite heavier US buying of foreign securities, net capital outflows were $-27.2 billion, the fourth consecutive capital outflow.

The Fed reports that industrial production rose 0.3% in June, while factory capacity utilization rose 0.2% to 77.8%.

The Housing Market Index continues a bubble-like surge, rising 5 points to 57 in July, the highest since 2006. The index has jumped 16 points since April, and the reason for the sharp rise is not clear.

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Dale Franks
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Economic Statistics for 15 Jul 13

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

June retail sales were disappointing, with a 0.4% increase overall, but no increase ex-autos, and a -0.1% drop when gas and autos are excluded.

The Empire State Manufacturing Survey rose from 7.84 to 9.46 in July, as NY manufacturing activity continued to pick up.

Business inventories grew a slight 0.1% in May, but the stock to sales ratio fell to 1.29.  Inventory growth has now been flat for two years.

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Dale Franks
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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.

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Dale Franks
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