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Economic statistics

Economic Statistics for 29 Jan 13

The following US economic statistics were announced today:

Consumer confidence continues to drop, with the January index falling to 58.6, the lowest in two years.

The State Street Investor Confidence Index rose to 86.8, despite economic concerns among institutional investors in Europe.

S&P Case-Shiller reports home prices rose 0.6% in November, and were up 5.5% on a year-over-year basis.

In weekly retail sales, Redbook reports another slow week, with a 1.6% increase from the previous year. ICSC-Goldman reports a weekly sales decrease of -1.0%, and only a 2.0% increase on a year-over-year basis.

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Dale Franks
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Economic Statistics for 28 Jan 13

The following US economic statistics were announced today:

Durable goods orders jumped a better-than-expected 4.6% in December on a spike in aircraft orders. Ex-transportation orders rose 1.3%.

The Dallas Fed Manufacturing Survey slipped to 5.5 in January from the prior reading of 6.8, but the production index jumped 10 points to 12.9.

The Pending Home Sales Index fell 4.3% to 101.7 in December, as tight supplies are drying  up the availability of homes.

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Dale Franks
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Economic Statistics for 25 Jan 13

The following US economic statistics were announced today:

New home sales in December plunged 7.3% to an annual rate of 369k. This drop mainly reflects a huge upwards revision to November, however, making the month-to-month comparison look particularly bad. Having said that, it was still a less robust number than analysts expected. On the other hand, the report notes that the median home price is up 1.3% to $248,900, the highest in more than five years.

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Dale Franks
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Economic Statistics for 24 Jan 13

The following US economic statistics were announced today:

Initial jobless claims supposedly fell 5,000 to 330,000 for the week. Supposedly, because three states, including California, are merely estimates. Apparently the states didn’t get their number in on time. So, we are, according to the official data, at a 5-year low for unemployment claims. The 4-week average dropped to 351,750, and continuing claims reportedly fell 71,000 to 3.157 million, another 4.5 year low.

The Kansas City Fed Manufacturing Index fell to -2 in January, down 1 point from December.

The Conference Board’s index of leading indicators rose a sharp 0.5% in December, supposedly showing a nice economic surge in another 6 months or so, but this index has been very volatile of late.

The Bloomberg Consumer Comfort Index inched to a 3-month low of -36.4.

The PMI Manufacturing Index Flash is contradicting all the regional Fed reports, showing at 56.1 for January, up two points from December.

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Dale Franks
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Economic Statistics for 23 Jan 13

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

The MBA reports mortgage applications rose 7.0% last week, with purchases up 3.0% and re-fis up 8.0%.

The FHFA House Price Index rose 0.6% in November, as home prices continue to rise.

In weekly retail sales, Redbook reports same-store sales rose a weak 1.8% on a year-over-year basis. ICSC-Goldman Store Sales fell -1.5% for the week, the third straight decline, but Year-over-year sales were up a solid 3.2%.

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Dale Franks
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Economic Statistics for 22 Jan 13

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

Existing home sales fell 1.0% in December to a worse-than-expected annual rate of 4.94 million.

Chicago Fed National Activity Index fell to 0.02 in December, as growth fell to just marginally above trend.

The Richmond Fed Manufacturing Index plunged to –12 in January, in a decidedly negative report.

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Dale Franks
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Economic Statistics for 17 Jan 13

The following US economic statistics were announced today:

Housing starts in December rose a sharp 12.1%, to a pace of 0.954 million units, following Novembers -4.3% drop.

Initial Jobless Claims fell much more than expected, down 37,000 to 335,000. The 4-week average fell 6,750 to 359,250, but continuing claims rose 87,000 to 3.214 million.

The Bloomberg Consumer Comfort Index fell 1.1 points points to -35.5.

The Philadelphia Fed Survey fell back into negative territory again, coming in at -5.8.

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Dale Franks
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Economic Statistics for 16 Dec 13

The following US economic statistics were announced today:

The MBA reports Purchase Applications rose 15.2% in the latest week, with purchases up 13.0% and re-fis up 15.0%.

Lower energy costs kept the Consumer Price Index restrained with a 0% rise for December. The core rate, ex-food and energy, rose 0.1%.

The Treasury reports foreign demand for long-term US securities rose a net $52.3 billion in November.

The Fed’s reading on Industrial Production rose 0.3% in December, while Capacity Utilization rose 0.4% to 78.8%.

The Housing Market Index is unchanged this month at 47, still below the break-even point of 50.

The Fed’s Beige Book is reporting that all 12 Federal Reserve Districts saw "modest or moderate" economic growth since the last report.

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Dale Franks
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Economic Statistics for 15 Jan 13

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

In weekly retail sales, ICSC-Goldman Store Sales fell another -0.6% for the week, and only up 3.3% from last year. Redbook also reports a weak 1.9% year-on-year sale growth rate.

Business inventories rose 0.3% in November, vice a 1.0 percent rise for sales. The inventory-to-sales ratio rounds out to 1.28, the lowest ratio since May.

The Empire State Manufacturing Survey fell more than a point to -8.10, indicating a deepening contraction in manufacturing.

The Commerce Department reports rose 0.5% in December. Sales ex-autos rose 0.3%, while sales ex-autos and gas rose 0.6%.

The Producer Price Index fell -0.2% in December, while the core rate rose 0.1%. On a year-over-year basis, the PPI rose 1.3%, while the core rate rose 2.0%.

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Dale Franks
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