Free Markets, Free People

Economic statistics

Economic Statistics for 26 Jun 13

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

The Commerce Department’s 3rd GDP revision for the 1st Quarter was slashed to 1.8% annualized from the second revision’s 2.4%. The GDP price index was revised upwards slightly to 1.2%.

1Q corporate profits were revised up to 1.75 trillion from the previous 1.738 trillion. This is still below the 4Q’s $1.774 trillion.

The MBA reports mortgage applications fell -3.0% last week, with purchases up 2.0% but re-fis down -5.0%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 25 Jun 13

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

May durable goods orders jumped 3.6% overall, while ex-transportation orders rose 0.7%. This follows a similar 3.6% rise in April. On a year-over-year basis, orders are up 7.6% overall, while ex-transportation orders are up 2.8%.

New home sales were stronger-than-expected in May, with an annual rate of 476,000 homes sold.

The S&P Case-Shiller Home Price Index jumped 12% in April, with a year-over-year increase of 12.1%.

The Conference Board’s consumer confidence index rose to 81.4–a recovery high–in June from last month’s 76.2.

Like most of the recent Fed indices, the Richmond Fed Manufacturing Index was strongly positive, rising to 8 in June from -2 in May.

The State Street Investor Confidence Index surged over 100, rising from 94.8 in May to 106.8 in June.

The FHFA House Price Index continues to move upward, rising 0.7% in April, which is a gain of 7.4% on a year-over-year basis.

In weekly retail sales, ICSC-Goldman reports a 1.1% increase for last week, but a weak 1.6% increase over last year. Redbook reports a 2.8% year-over-year same-store retail sales increase, which is right on trend.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 20 Jun 13

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

Initial jobless claims jumped 18,000 to 354,000. The 4-week average rose 3,000 to 348,250. Continuing claims fell 40,000 to 2.951 million.

The PMI Manufacturing Index Flash rose 0.3 to 52.2 in June.

The Bloomberg Consumer Comfort Index was -29.4 last week, the least negative in 13 months.

May Existing Home Sales rose 4.2% to an annual 5.18 million, a rate that is 12.9% higher than a year ago.

The Philadelphia Fed Survey shows a huge jump in June from -5.2 to 12.5.

The Conference Board’s index of leading indicators rose by only 0.1% in May, suggesting flat economic conditions six months from now.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 19 Jun 13

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

The MBA reports that mortgage applications fell -3.3% last week, with purchases down 3.0% and re-fis down 3.0%.

The FOMC says that interest rates will remain unchanged for the present, but warns that the current easy money regime is coming to and end, or at least slowing. The Committee envisions a slowdown in the current round of Quantitative easing by the end of the year.

~
Dale Franks
Google+ Profile
Twitter Feed

Economics statistics for 18 Jun 13

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

In weekly retail sales, ICSC-Goldman reports a 0.3% weekly sales increase, and a 2.5% year-over-year gain. Redbook reports a 2.9% annual increase.

May Housing Starts rose 6.8% to a 0.914 million annual rate, climbing back from a steep drop the previous month.

The Consumer Price Index rose 0.1% in May, with core rate, ex-food and -energy, rose 0.2%. On a year over year basis, the CPI is up 1.4% while the core CPI rose 1.7%.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 14 Jun 13

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

Producer prices jumped 0.5% in May, while the core rate, ex-food and -energy, rose 0.1%. On an annual basis, prices rose 1.8% overall, and 1.6% at the core.

The nation’s current account deficit for the 1st Qtr came in at a smaller-than-expected $106.1 billion.

Foreign demand for long-term US securities rose to $-37.3 billion in April, the third consecutive monthly outflow of capital.

Industrial production was unchanged in May, while capacity utilization in the nation’s factories fell 0.2% to 77.6%.

The Reuter’s/University of Michigan’s consumer sentiment index fell 2.2 points to 82.7.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 13 Jan 13

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

Initial jobless claims fell 12,000 last week to 334,000. The 4-week average fell  7,250 to 345,250. Continuing claims rose 2,000 to 2.978 million.

May export prices fell -0.5% while import prices fell -0.6%. On a year-over-year basis, export prices fell -0.9% while import prices fell -1.9%.

May retail sales rose 0.6%, while sales ex-autos and ex-autos and -gas both rose 0.3%.

April business inventories rose 0.3%, while wholesale sales fell -0.1%.

The Bloomberg Consumer Comfort Index fell more than 2 points to -31.3.

~
Dale Franks
Google+ Profile
Twitter Feed