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Economic statistics

Economic Statistics for 28 Aug 12

The following US economic statistics were announced today:

The seaonally adjusted S&P/Case-Shiller 20-city home price index rose strongly in June at an adjusted 0.9%. This follows three strong gains in a row of between 0.7% and 0.9% between March to May. Prices came off the bottom, reflected in the year-on-year rate which is finally positive at 0.5%. Non-seasonally adjusted results are much stronger, with the index up 2.3%.

The Conference Board’s consumer confidence index in July fell 5 points to 60.6. July was revised -0.5 lower to 65.4.

The Richmond Fed manufacturing index rose in July to -9 from last month’s -17 to show continued contraction. New orders rose to -20 from July’s already very weak -25.

The State Street Investor Confidence Index, which measures the changes in investor holdings of equities, is down sharply this month, more than 3 points to 90.9.

In retail sales, Redbook reports a weak 1.5% year-over-year sales growth. Conversely, ICSC-Goldman Store Sales rose a solid 0.5% for the week and 3.4% year-over-year.

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Dale Franks
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Economic Statistics for 23 Aug 12

The following statistics were released today on the state of the US economy:

The FHFA reports the house price index rose 0.7% for June, and is up 3.6% year-over-year.

Initial jobless claims rose 4,000 for a second straight week to 372,000. the 4-week moving average rose 1,000 to 368,000. Continuing claims rose 4,000 to 3.317 million.

The Markit Economics PMI Manufacturing Index Flash rose 0.5 points to 51.9, indicating low but rising manufacturing activity.

The Bloomberg Consumer Comfort Index fell a steep 3.0 points to -47.4 for the sixth straight drop and the lowest reading since December, 2011.

New home sales rose 3.6% in July to an annual unit rate of 372,000, well above consensus, and the best since July 2010.

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Dale Franks
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Economic Statistics for 21 Aug 12

The following statistics were released today on the state of the US economy:

In weekly retail sales, Redbook’s year-on-year chain store sales growth came in at a 1.9% rate, the 5th time in 6 weeks it’s been below 2%. Redbook’s month-on-month rate is -0.3%, signaling weakness in the upcoming government reports on retail sales. ICSC-Goldman showed a -1.5% sales decrease for the week, and a year-on-year rate of 3.1%, which is down -0.5% from last week.

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Dale Franks
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Economic Statistics for 20 Aug 12

T

his will be a light week for economic statistics, with the only releases of importance being home sales on Wednesday and Thursday for existing and new homes respectively, and Friday’s Durable Goods Orders release. The remainder of this weeks releases are the regular weekly numbers.

For today, there is only one release. The Chicago Fed National Activity Index rose slightly to -0.13 from last month’s -0.15, thought the negative number indicates the economy is still below trend. This is the fifth consecutive negative number, and the 3-month moving average fell slightly to -0.21.

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Dale Franks
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Economic Statistics for 17 Aug 12

The following statistics were released today on the state of the US economy:

The Reuter’s/University of Michigan’s consumer sentiment index rose slightly to 73.6, on improved current conditions. But optimism seems to be waning as the expectations index fell 1.1 points to 64.5.

The Conference Board’s index of leading indicators rose 0.4% in July, led by improvements in jobless claims and building permits.

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Dale Franks
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Economic Statistics for 16 Aug 12

The following statistics were released today on the state of the US economy:

The general business conditions index of the Philadelphia Fed’s Business Outlook Survey improved to-7.1 from July’s -12.9. In other words, the rate of contraction isn’t as bad as it was less month.

Housing starts in July fell -1.1% after rising 6.9% in June. The July pace of 0.746 million units was up 21.5% on a year-ago basis.

Initial jobless claims rose 2,000 last week to 366,000, but the 4-week average, at 363,750, was down 5,500 from the prior week.

The Bloomberg Consumer Comfort Index fell to -44.4, which is its lowest reading since January 29.

E-commerce sales rose 3.3% in the second quarter, with year-on-year growth at 15.3%. E-commerce sales were 5.1% of total retail sales.

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Dale Franks
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Economic Statistics for 15 Aug 12

The following statistics were released today on the state of the US economy:

The consumer price index was unchanged in July, after being unchanged in June and falling -0.3% in May. Excluding food and energy, the core CPI rose 0.1%, following 0.2% in the last two months. On a year-over-year basis, the CPI is up 1.7%, with the core CPI rising 2.2%

Industrial production rose 0.6% in July following a 0.4% increase in June. Overall capacity utilization improved to 79.4% from 78.9% in June.

The Empire State manufacturing index for August fell sharply to -5.85 from July’s 7.39, indicating weakness in the manufacturing sector.

The net capital inflow of long-term securities rose only $9.3 billion in June, the the weakest since October, 2011.

The NAHB housing market index rose 2 points this month to 37, nearly the highest since early 2007.

The MBA reports mortgage applications declined last week, falling a sharp -4.5%. Purchase apps fell -2.0%, while re-fi apps fell -5.0%.

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Dale Franks
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