Free Markets, Free People

Economic statistics

Economic Statistics for 5 Mar 14

The Fed’s Beige Book says that unseasonably cold weather reduced economic activity in two districts, but the rest showed modest to moderate improvement.

The MBA reports that mortgage applications rose wildly, up 9.4% last week, with purchases up 9.0% and re-fis up 10.0%.

ADP employment report estimates that private payrolls will rise by 139,000 in February.

Gallup’s U.S. Job Creation Index rose to 21 in February from 19 the previous month.

Markit’s services PMI slowed from 56.7 in January to 53.3 in February.

ISM non-manufacturing data moved lower to 51.6 in February from 54 in January.


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Economic Statistics for 3 Mar 14

US auto sales remained relatively flat for the 3rd straight month, at a 15.3 million annual rate.

Gallup’s self-reported Consumer Spending measure rose to $87 per day in February, vice $78 in January.

Personal income rose 0.3% in February, while spending rose 0.4%. The PCE Price index rose 0.3% overall, but only 0.1% at the core level. On a year-over-year basis, income rose4.1%, while spending rose 3.5%. The PCE Price index rose 1.2% overall, and 1.1% at the core level.

Markit’s PMI Manufacturing Index for February rose to 57.1  from January’s 53.7.

The ISM manufacturing index for February rose to 53.2  from January’s 51.3.

The J.P. Morgan Global Manufacturing PMI was 53.3 for March, up from 53.0 in February.

Construction spending rose 0.1% in January. On a year-ago basis, spending is up 9.3%.


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Economic Statistics for 28 Feb 14

Real GDP growth for the 4th quarter of 2013 was revised down sharply to an annualized 2.4% from the initial estimate of 3.2%. That means that GDP growth was, in fact, as sub-par as it seemed. The GDP Price index was revised upwards to 1.6%.

The Chicago Purchasing Manager’s Index rose 3.2 points to 59.8 in February.

The Reuter’s/University of Michigan’s consumer sentiment index rose 0.4 points to 81.6 in February.

The Pending Home Sales Index rose 0.1% to 95.0 in January, the first increase since last May.


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Economic Statistics for 27 Feb 14

Durable goods orders fell -1.0% in January on weak transportation orders. Ex-transportation orders rose 1.1%. On a year-over-year basis, orders are up 4.6%, with ex-transportation orders up 1.2%.

Initial jobless claims rose 14,000 to 328,000. The 4-week average fell 250 to 338,250, while continuing claims rose 8,000 to 2.964 million.

The Bloomberg Consumer Comfort Index rose 2.0 points to -28.6 in the latest week.

The Kansas City Fed manufacturing index fell 1 point to 4 in February.

The Fed’s balance sheet rose $10.7 billion last week, with total assets of $4.160 trillion. Reserve Bank credit increased $8.4 billion.

The Fed reports that M2 money supply rose by $35.9 billion in the latest week.


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Economic Statistics for 25 Feb 14

Despite the recent downbeat economic news, the State Street Investor Confidence Index rose 8.6 points to 123.0 in February.

In weekly retail sales, Redbook reports a 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales drop of -0.6%, and a weak 1.4% increase on a year-over-year basis.

The FHFA House Price Index rose 0.8% in December, a 7.7% increase from the previous year.

The S&P/Case-Shiller 20-city home price index rose 0.8% in December, which was 13.4 higher than the previous year.

The Conference Board’s consumer confidence index for February fell from 80.7 to 78.1.

The Richmond Fed manufacturing index for February plunged from 12 to -6, the first negative reading since July.


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Economic Statistics for 20 Feb 14

The Consumer Price Index rose 0.1% in January. The "core" CPI, which excludes food and energy, also rose 0.1%. On a year-over-year basis, both the headline and core CPI rose 1.6%.

Initial jobless claims fell 3,000 to 336,000. The 4-week average rose 1,750 to 338,500, while continuing claims rose 37,000 to 2.981 million.

Markit Economics’ PMI Manufacturing Index Flash for February rose 3 points to 56.7.

The Bloomberg Consumer Comfort Index rose 0.1 points to -30.6 in the latest week.

The Philadelphia Fed Survey’s general conditions index was very negative, dropping to -6.3 in February from January’s 9.4.

The Conference Board’s index of leading indicators rose 0.3% in January.

The Fed’s balance sheet rose $29.8 billion last week, with total assets of $4.149 trillion. Reserve Bank credit increased $35.5 billion.

The Fed reports that M2 money supply rose by $41.3 billion in the latest week.


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