The MBA reports that mortgage applications fell -3.3% last week. Purchases were down -3.0% and re-fis fell -4.0%.
Markit’s PMI Manufacturing Index Flash fell -0.1 points to 55.4 in April.
New home sales were down sharply in March, down -14.5% to a well below-expected 384,000 annual rate.
ICSC-Goldman reports weekly retail sales rose 0.4%, and were up 1.9% on a year-over-year basis. Redbook reports a 3.7% rise in retail sales over last year.
The FHFA House Price Index rose 0.6% in February, with a year-on-year rate at 6.9%.
Sales of existing homes weakened, down -0.2% in March, to a 4.59 million annual rate.
The Richmond Fed Manufacturing Index rose from -7 in March to 7 in April.
Weekly initial jobless claims fell 4,000 to 300,000. The 4-week average fell 4,250 to 312,000. Continuing claims fell 11,000 to 2.739 million.
The Bloomberg Consumer Comfort Index rose 2.8 points to -29.1 in the latest week.
The Philadelphia Fed Survey rose from 9.0 to 16.6 in April.
The Fed’s balance sheet rose $39.8 billion last week, with total assets of $4.284 trillion. Total reserve bank credit rose by $39.7 billion.
The Fed reports that M2 money supply rose $41.5 billion in the latest week.
The Fed’s Beige Book today continued to characterize US economic growth as “modest” or “moderate”, i.e. below-trend.
The Atlanta Fed Business Inflation Expectations report projects year-ahead inflation of 1.9%.
Industrial production rose 0.7% in March, while capacity utilization in the nation’s factories rose 0.4% to 79.2%.
Housing starts rose a less-than-expected 2.8% to a 0.946 million annual rate.
The MBA reports that mortgage applications rose 4.3% last week. Purchases rose 1.0% and re-fis rose 7.0%.
ICSC-Goldman reports weekly retail sales fell -0.3%, and were up 2.3% on a year-over-year basis. Redbook reports a 2.6xx% increase in retail sales over last year.
The Consumer Price Index rose 0.2% in March, both at the headline and core level. On a year-over-year basis, the CPI is up 1.5% at the headline level, and 1.6% at the core.
The Housing Market Index came in unchanged at 47 for April.
The Empire State Manufacturing Survey fell from 5.61 in March to 1.29 in April, while the new orders index is actually negative, at -2.77.
Foreigners became big buyers of long-term US securities in February, as net foreign demand came in at $85.7 billion.
Retailers who reported chain store sales today saw generally respectable increases in year-on-year sales rates.
Initial jobless claims fell an astounding 26,000 last week, to 300,000, probably due to Easter’s statistical weirdness. The 4-week moving average fell 4,750 to 316,250. Continuing claims fell 62,000 to 2.824 million.
Export prices rose 0.8% in March, while import prices rose 0.6%. On a year-over year basis, export prices rose 0.2% and import prices fell -0.6%.
The Bloomberg Consumer Comfort Index fell -1.9 points to -31.9.
The US Treasury’s deficit for March was a much lower-than-expected $-36.9 billion.
The Fed’s balance sheet rose $7.7 billion last week, with total assets of $4.244 trillion. Reserve Bank credit increased $6.9 billion.
The Fed reports that M2 Money Supply fell by $-37.0 billion last week.
The MBA reports that mortgage applications fell -1.6% last week. Purchases were up 3.0$% but re-fis fell 5.0%.
Wholesale inventories rose 0.5% in march, while a 0.7% rise in wholesale sales kept the stock-to-sales ratio at a chubby 1.19.
Yes, it has been a boring week for economic data.
In weekly retail sales, Redbook reports a 2.9% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 1.5%, and a 1.5% increase on a year-over-year basis.
The NFIB Small Business Optimism Index rose 1.0 point to 93.4 in March.