PMC Donation Information

I am now also emailing my posts directly to my PMC donors at the same time they are emailed for posting on this website. If you wish to be on the list, please make a donation here. ...Read More

PMC, Personal Income, ISM Manufacturing, Construction Spending, Car Sales

Another PMC, and an estimated $45 million check to Boston’s Dana Farber for cancer research! Congrats to all the donors and participants- over 6,000 riders and thousands of volunteers handling the logistics! Special nod to Billy and Meredith Starr for a most successful 35th PMC and total donations approaching $500 million!!! And ...Read More

GDP Income, Saudi Oil Output, Restaurant Index

BEA Reports 2nd Quarter 2015 GDP Growing at 2.32%: By Rick Davis July 30 (Consumer Metrics) Real annualized per capita disposable income was reported to be $37,846, some -$364 per year less than the previously reported $38,210 per annum. All of that downside came as a result of revisions to the prior ...Read More

Pending Home Sales, Atlanta Fed, MTG Purch. Apps

Confirms other indicators of housing a bit volatile but still depressed and going nowhere: Pending Home Sales Index Highlights In a negative for the summer home-sale outlook, pending sales of existing homes fell a sharp 1.8 percent in June. The low-end Econoday forecast was for a gain of 0.4 percent. The year-on-year ...Read More

Redbook Retail Sales, Case-Shiller House Prices, PMI Services, Consumer Confidence, Richmond Fed, Oil Capex, Truck Tonnage

Still bad: source: Softening: source: I don’t put much weight on Markit surveys, but the optimism comment is interesting: source: Highlights Service sector growth is strengthening slightly this month based on Markit’s July flash index which is up 4 tenths to a very solid 55.2. New orders are at ...Read More

Truck Tonnage, New Car Sales Preview

ATA Trucking Index decreased 0.5% in June by Bill McBride on 7/27/2015 01:55:00 PM Here is an indicator that I follow on trucking, from the ATA: ATA Truck Tonnage Index Fell 0.5% in June American Trucking Associations’ advanced seasonally adjusted For-Hire Truck Tonnage Index decreased 0.5% in June, following a revised gain ...Read More

Durable Goods Orders, Dallas Fed

Note how they blame the dollar for the drop in exports rather than the oil price drop which removed $ income from foreign producers, thereby reducing their ability to buy US goods and services. And notice the year over year chart remains negative. source: Highlights June was a strong month for ...Read More

Phily Fed State Index, Bank Lending

Looks like once 10 states go bad the rest follow? Bank loan growth is not accelerating: ...Read More

PMI Manufacturing Index, New Home Sales, Redfin Real Estate Report, Rail Traffic

source: Highlights The manufacturing PMI is holding steady, coming in at a composite 53.8 in the July flash and right in line with the 54.0 final reading for June and June’s 53.4 flash. Though respectable, these are soft rates of growth for this report which runs hot relative to other manufacturing ...Read More

Chicago Fed, KC Fed, Japan Exports

Note the details and the conclusion: source: Econoday Highlights June proved to be a slightly stronger month for the economy than expected, based on the national activity index which came in at plus 0.08 vs Econoday expectations for a 0.05 dip. The 3-month average is still in the negative column though just ...Read More

Truck Tonnage, MTG Purchase Apps, Gas Prices Not Helping, Existing Home Sales, Architectural Index

Who would’ve thought… Up some but still depressed and not part of GDP in any case: Up a bit but note the details: “The June numbers are likely showing some catch-up from slow growth earlier this year. This is the first month in 2015 that all regions are reporting positive business conditions ...Read More