Free Markets, Free People

Economic statistics

Economic Statistics for 27 Mar 12

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

Retail sales look lackluster according to ICSC-Goldman, whose year-on-year same-store sales increase is only 2.7% for the week. Redbook is more positive, though, with a same-store sales increase of 3.8%.

The S&P Case-Shiller Home price index was unchanged for the month on a seasonally adjusted basis. Unadjusted, however, the index is down -0.8% for the month, and -3.8% from last year.

Consumer Confidence dipped slightly in March, to 70.2 from 70.8 last month.

The Richmond Fed Manufacturing Index fell to 7 in March from 20 last month.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 26 Mar 12

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

The Chicago Fed National Activity Index fell to -0.09, mainly on a drop in production. The weakest factors, though, remain consumption and housing.

The Pending Home Sales Index fell -0.5% in February, to a reading of 96.5. All of the earlier optimism about a housing recovery seems to have been scorched by all the bad readings for February.

Expansion has slowed in the Dallas Fed region according to the Dallas Fed Manufacturing Survey which fell to 10.8 from 17.8.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 23 Mar 12

Today’s economic release schedule is pretty sparse. The only thing on tap for today is new home sales. Speaking of which, new home sales fell 1.6% in February to a lower than expected 313,000 annual rate. Prices, though, rose by 8.3%, though this is counterbalanced by a 5.3 month supply of homes, the third lowest supply amount of what I laughingly refer to as "the recovery". February sales rose in the Northeast and West but fell sharply in the South, which is the key region for this series of data.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics

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

Initial claims for unemployment fell by 5,000, to a lower than expected level of 348,000 for the week. The four-week average fell 1,250 to 355,000.

The Bloomberg Consumer Comfort Index fell slightly to -34.9. But, more people said the economy was improving than at any time in eight years.

Some previous data indicated home prices were improving. That would be good news, if it were true. But, it isn’t. The FHFA reports house prices in January were unchanged.

The Index of Leading Economic Indicators rose 0.7%, led by improvement in the labor market.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 21 Mar 12

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

A 13 basis-point rise in interest rates in the past week drove mortgage applications down -7.4%, the Mortgage Bankers Association reports. The purchase index fell -1.0%, the refinance index dropped -9.3%.

Existing home sales for February fell -0.9% to a 4.59 million annual rate. Sales are up 8.8% from a year ago.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 20 Mar 12

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

In retail sales, Redbook reports a strong 3.6% year-on-year same store sales increase for the latest week. ICSC-Goldman Store Sales show a strong 0.9% weekly sales increase, with the year-on-year rate rising to 3.3%.

Housing starts were weaker than expected in February, coming in at a 698,000 annual rate. Permits were higher than expected at 717,000 annualized.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 19 Mar 12

The housing market index is the only statistic for the day. While the headline index is unchanged from last month’s 28, But the 6-month component is up to 36, more than double the reading of 17 back in September. On the other hand, any reading below 50 indicates recessionary conditions for the housing sector.  The trend is positive though, so there’s that.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 16 Mar 12

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

Overall consumer prices rose sharply last month, with the CPI up 0.4%. The "core" rate, ex-food and  -energy, was up 0.1%. Energy prices jumped by 3.2% in the month.

Due to weakness in mining and utilities, Industrial production is unchanged from last month. Capacity utilization rose 0.2% to 78.7%. Despite the disapointing production figure, manufacturing rose 0.3% for the month.

The Reuters/University of Michigan’s consumer sentiment index fell 1 point to 74.3, as consumers responded to rising energy prices.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 15 Mar 12

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

Initial jobless claims continued their decline in the latest week, down 14,000 to 351,000. The four-week moving average is steady at 355,750 which is the recovery low.

The overall Producer Price Index rose 0.4% last month. The core rate, ex-food and –energy, rose 0.2%.

While the components of the Empire State Mfg Survey are mixed, the overall index rose 20.21 this month, from 19.53 last month.

The Philadeplphia Fed survey mirrors the same mixed indicators as the NY survey, with noticeable weakness in key components, but an overall rise in the headline index to 12.5. Both surveys are showing weakness in new orders.

The Treasury International Capital report indicates strong foreign buying of US securities, leading to a net long-term flow of $101.0 billion in January.

The Bloomberg Consumer Comfort Index climbed another three points, to -33.7 in the March 11 week.

~
Dale Franks
Google+ Profile
Twitter Feed

Economic Statistics for 14 Mar 12

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

Export prices rose 0.4% in February, up 1.5% from last year. Import prices rose 0.4% for the month, up 5.5% for the year.

The Mortgage Bankers Assoc reports that overall mortgage applications fell -2.4%, with purchases up 4.4% and refinancing down -4.1%.

The nation’s 4Q 2011 current account deficit totaled $124.1 billion, up from a revised $107.6 billion in 3Q.

~
Dale Franks
Google+ Profile
Twitter Feed