Free Markets, Free People

Economic statistics

Economic Statistics for 4 Jun 12

Today’s ecobomic news consists solely of Factory Orders for April, which fell -0.6% on top of March’s downward revised 2.1% decline. This is another disappointing number to follow Friday’s Employment Situation, and demand for factory orders fell in almost every sector. Needless to say, this weakness in factory orders was…wait for it…unexpected.

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Dale Franks
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Economic Statistics for 30 May 12

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

The Pending Home Sales Index fell 5.5% to 95.5. Unexpectedly, of course. This indicates coming weakness in May and June home sales.

Despite low rates, mortgage applications fell -1.3%, with purchase applications down -0.6%, and refinance applications down -1.5%.

In retail sales, Redbook’s year-over-year same store sales increase of 3.2% still leaves May sales down -0.9% from April. ICSC-Goldman reports store sales fell -0.5% for the week, with year-over-year store sales up 2.9%. This is better than Redbook, but still not good.

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Dale Franks
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Economic Statistics for 29 May 12

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

The Dallas Fed Mfg Survey’s Business activity index fell to -5.1 from -3.4. The production index fell to 5.5. from 5.6.

The S&P Case-Shiller Home Price Index rose 0.1% in March; however, it’s still -2.6% lower than March 2011.

The Consumer Confidence Index fell 4 points to 64.9.

The State Street Investor Confidence Index fell a bit more than a point to 86.4.

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Dale Franks
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Economic Statistics for 24 May 12

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

Initial claims for unemployment were 370,000 in the latest week. Last week’s number was revised upwards to 372,000. The 4-week moving average dropped to 370,000.

Durable goods orders rose 0.2% overall in April, and 6.9% over last year. Ex-transportation, however, orders unexpectedly declined by -0.6%, though they’re still up 5.3% for the year.

Lower gas prices pushed the Bloomberg Consumer Comfort index up to -42 in the week ended May 20 after an almost four-month low of -43.6 the prior week.

The Kansas City Fed Manufacturing Index rebounded to its March level of 9 from April’s reading of 3, on growth in durable and nondurable goods producing plants.

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Dale Franks
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Economic Statistics for 23 May 12

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

New home sales increased 3.3 percent in April to a better-than-expected seasonally adjusted 343,000-unit annual rate.

Mortgage application for last week rose by 3.8%. Purchases fell by -3.0%, while refinance apps rose 5.6%.

The FHFA House Price Index rose 0.6% in the 1st Quarter of 2012. House prices are also up 0.5% from 1Q 2011, which make today’s result the 1st yearly increase since 2007. On a monthly basis, the HPI rose 1.8% from February.

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Dale Franks
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Economic Statistics for 22 May 12

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

Existing home sales improved in April, but not as much as expected, coming in at a 4.62 million annual rate. Sales were up 3.4%, but that was to be expected after a terrible March report. Sales were up 10% compared to last year.

The Richmond Fed Manufacturing Index shows regional growth slowing sharply for the month, falling to 4 from 14.

In weekly retail sales, ICSC-Goldman reports a-1.7% drop in store sales from last week, with the year on year rate down to 3.8%. Similarly, Redbook reports year on year same-store sales up only 2.7% down a full percentage point from last week.

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Dale Franks
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Economic Statistics for 17 May 12

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

The Philadelphia Fed Survey shows a dramatic slowdown in that district, with the headline index falling from 8.5 to -5.8. Delivery times, inventory, and unfilled orders all fell steeply, as did the 6-month confidence assessment. Input costs were little changed and prices received were actually contracting, a sign of decreasing demand.

Initial claims are unchanged this week from last week’s revised 370,000. The 4-week moving average fell to 375,000 from last week’s 379,750.

The Bloomberg Consumer Comfort Index fell to -43.6, its lowest level since January, as pessimism about personal finances and spending increased.

E-Commerce Retail Sales rose 3.1% in the 1st quarter, from 4th Quarter 2011. Year on year sales rose 15.1%. Online sales made up 4.9% of total retail sales.

The Index of Leading Economic Indicators, designed to predict economic activity over the next 6 months, declined by -0.1%. Building permits, jobless claims, and consumer expectations were the big negatives in the report.

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Dale Franks
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Economic Statistics for 16 May 12

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

The Fed reports industrial production rose 1.1% in April, while capacity utilization increased to 79.2%.

A dip in mortgage rates is causing an increase in refinance applications. MBA reports applications rose 9.2%, with purchases down -2.4%, but refinance applications up 13%.

Housing starts rose 2.6% in April, erasing March’s decline of -2.6%, coming in at a 717,000 annual rate. Building permits were at a 715,000 annual rate.

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Dale Franks
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