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Economic statistics

Economic Statistics for 27 Feb 13

The following US economic statistics were announced today:

Durable goods orders plunged -5.2% in January due to a -19.8% drop in transportation orders. Ex-transportation, orders rose a strong 1.9%.

The Pending Home Sales Index rose 5.4% to 105.9 in January, solidly above expectations.

The MBA reports mortgage applications declined again last week, down -3.8%, with purchase apps falling -5.0% and re-fis down -3.0%.

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Dale Franks
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Economic Statistics for 26 Feb 13

The following US economic statistics were announced today:

New home sales in January rose 15.6% to an annualized 437,000 in January, though large seasonal factors may exaggerate the winter months. Monthly supply dipped to 4.9 months from 5.6 months in December, as supplies constrain sales.

The Conference Board’s consumer confidence index rose a steep 10 points in February, to a better than expected 69.6.

The S&P/Case-Shiller home price index rose a strong 0.9% in December, and is up 6.8% on a year-over-year basis. Similarly, the FHFA House Price Index rose 0.6% in December, and is up 5.8% on a year-over-year basis.

In weekly retail sales, Redbook is reporting a respectable 2.7% year-over-year sales growth. ICSC-Goldman Store Sales are up only 0/1% from last week, but up 2.9% from last year.

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Dale Franks
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Economic Statistics for 21 Feb 13

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

Consumer prices were unchanged in January, but the core CPI (ex-food and energy) rose 0.3%. On a year-over-year basis the CPI is up 1.6%, and the core CPI is up 1.9%.

The Conference Board’s index of leading economic indicators rose 0.2% in January, though the consumer expectations component is still depressed.

The Philadelphia Fed survey fell from -5.8 to a worse than expected -12.5 for February, as mid-Atlantic regional business conditions worsened.

Initial jobless claims surged by 20,000 to 362,000 last week. The 4-week average rose 8,000 to 360.750, and continuing claims rose 11,000 to 3.148 million.

The Bloomberg Consumer Comfort Index rose to -33.4, the highest level of the year so far.

Existing home sales rose slightly, up 0.4% to an annual rate of 4.92 million. Sales are up 9.1% on a year-ago basis.

The PMI Manufacturing Index Flash fell -0.3 points to 55.2, though this is still firmly in positive territory.

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Dale Franks
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Economic Statistics for 20 Feb 13

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

Producer prices rose 0.2% in January, at both the headline and core level. Year over year, the PPI rose 1.4% and was up 1.8% ex-food and energy.

The MBA reports mortgage applications fell again, down -1.7% with both purchases and re-fis down -2.0%.

Housing starts were less than expected at a 0.89 million annual rate in January. Permits, however, rose to a 0.925 million annual rate.

ICSC-Goldman reports retail sales rose 2.7% from last week, and only 1.8% from last year. Redbook, however, reports a 3.1% annual increase.

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Dale Franks
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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%.

~
Dale Franks
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