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Economic statistics

Economic Statistics for 30 Apr 12

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

Personal income rose 0.4% in March, while personal spending rose 0.3%. The PCE Price index, an inflation measure, rose 0.2%. One a year over year basis, personal income rose 3.2%, personal spending rose 4.0%, and the PCE Price index rose 2.1%.

The Dallas Fed Mfg Survey shows slowing growth, with the business activity index falling to -3.4, while the production index fell to 5.6.

The Chicago PMI shows growing business activity in the Chicago Area, with the Business Barometer Index at 65.2. This report is widely seen as a precursor to the national PMI due out tomorrow, but there is often substantial divergence between the Chicago and nationwide reports.

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Dale Franks
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Economic Statistics for 27 Apr 12

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

The Commerce Department’s initial estimate of 2012 first quarter GDP is a below-trend—and lower than expected—2.2% annualized rate of GDP growth, down sharply from the 4Q 2011 rate of 3.0%. The GDP price index rose 1.5%. The GDP decline is mainly due to a 3% drop in government purchases. Strength was largely in personal consumption expenditures, which rose 2.9%.

Consumer sentiment is inching up, with the index rising to 76.4 for the month.

The Employment Cost Index rose 0.4% last quarter, mainly due to wage increases, though the increase is down from last quarter’s 0.5%. Year over year, the ECI is up 1.9%.

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Dale Franks
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Economic Statistics for 26 Apr 12

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

Initial unemployment claims were 388,000 in the latest week. Last week’s number was revised upwards again, this time by 3,000 to 189,000. The 4-week moving average rose by 6,250 to 381,750. Analysts were expecting only 375,000 claims this week, so the number was well above expectations.

Growth eased in the Kansas City Fed district over the last month, as the Manufacturing Index fell to 3 from last month’s 9.

In a more positive sign for the economy, the pending home sales index rose 4.1% to 101.4.

The Bloomberg Consumer Comfort Index fell to -35.8 in the last week from -31.4 the previous week.

The Chicago Fed National Activity Index shows an overall weakening in the economy, falling to -0.29. The 3-month moving average fell to 0.05.

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Dale Franks
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Economic Statistics for 24 Apr 12

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

Redbook is disappointing today, showing same-store, year-over-year retail sales up only 2.7%. In contrast to Redbook, ICSC-Goldman shows a 0.8% increase in sales over last week, with the year over rate rate up 3.6%.

New homes in March were sold at a 328,000 unit annual rate. This was slightly less than expected but was offset by large upward revisions to prior months.

The Case-Shiller Home Price composite 20 city index rose 0.2% last month, following a revised 0.1% dip the prior month. Home prices keep bouncing along the bottom. Meanwhile, the FHFA reports house prices in February rose 0.3%, following a 0.4% decline in January.

The Consumer Confidence Index fell one full point in April, to 69.2, mainly on falling income expectations.

The State Street Investor Confidence Index is down a sizable 3.9 points this month to 87.7, indicating falling confidence among institutional investors.

While manufacturing has been weakening according to other data, the Richmond Fed’s Manufacturing Index rose 7 points to 14.

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Dale Franks
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Economic Statistics for 19 Apr 12

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

Initial jobless claims were 386,000 last week, while the previous week’s claims were revised sharply upwards to 388,000. The four-week moving average of 374,750 is the highest since January.

The index of Leading Indicators rose 0.3% in March, a growth rate that could best be described as sustainable, though not robust.

Manufacturing growth slowed slightly in the Philadelphia Fed district, as the Fed Survey slipped to 8.5 from last month’s 12.5.

Existing home sales were worse than expected for March, with sales down -2.6% to a 4.48M annual rate. Sales are hampered by tight credit and a still sluggish labor market.

The Bloomberg Consumer Comfort Index rose to -31.4, tying the best reading since March, 2008.

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Dale Franks
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Economic Statistics for 17 Apr 12

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

Housing starts fell -5.8% to a lower than expected 654k annual rate. Building permits, however, rose 4.5% to 747k annual rate.

ICSC-Goldman Store Sales fell -1.0% in the latest week, and the Y/Y rate fell to 3.2%. Redbook, meanwhile, reports a similarly weak 3% Y/Y rate.

The Fed reports that industrial production was unchanged for the month, while capacity utilization dropped -0.1% to 78.6%. Manufacturing declined by -0.2% for the month.

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Dale Franks
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Economic Statistics for 16 Apr 12

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

March retail sales were much stronger than expected, being up 0.8% at both the headline and core levels, and up 0.7% ex-gas and autos.

The Empire State Mfg Survey points to slow but steady manufacturing growth in the New York region, with the index at 6.56 in April.

The net inflow of securities to the US slowed sharply in February, to a net $10.1 billion vice a revised $102.4 billion last month.

Inventory accumulation will probably improve this quarter’s GDP, as February inventories increased by 0.6% due to rising demand.

The Housing Market Index fell 3 points to 25, after seven months of gains. All three components declined this month.

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Dale Franks
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Economic Statistics for 13 Apr 12

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

The consumer sentiment index fell to 75.7, led by a an unusually steep drop in consumer assessment of current economic conditions.

Consumer prices increased by 0.3% last month, and 2.6% yearly. Ex-food and energy, the CPI rose 0.2% for the month and  2.3% for the year.

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Dale Franks
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