Saudi Oil Production
Still in full control of price.
Daily Archives: May 7, 2008 @ 6:46 pm (Wednesday)
2008-05-07 US Economic Releases
- MBAVPRCH Index (Released 7:00 EST)
- MBAVREFI Index (Released 7:00 EST)
- Nonfarm Productivity Released 8:30 EST)
- Unit Labor Costs (Released 8:30 EST)
- Pending Home Sales MoM (Released 10:00 EST)
- Consumer Credit (Released 15:00 EST)
MBAVPRCH Index (May 2)
| Survey | n/a |
| Actual | 381.3 |
| Prior | 340.1 |
| Revised | n/a |
Seems to have at least stabilized.
MBAVREFI Index (May 2)
| Survey | n/a |
| Actual | 2773.8 |
| Prior | 1905.2 |
| Revised | n/a |
Doing okay.
Nonfarm Productivity (1Q P)
| Survey | 1.5% |
| Actual | 2.2% |
| Prior | 1.9% |
| Revised | 1.8% |
Better than expected. Usually rises with output.
Unit Labor Costs (1Q P)
| Survey | 2.6% |
| Actual | 2.2% |
| Prior | 2.6% |
| Revised | 2.8% |
Better then expected, prior revised up. This series isn’t doing much.
Look to imports from China for a handle on unit labor costs as well.
Pending Home Sales MoM (Mar)
| Survey | -1.0% |
| Actual | -1.0% |
| Prior | -1.9% |
| Revised | -2.8% |
Still falling some, seasonally adjusted, and with actual inventory going down there is less to buy.
Consumer Credit (Mar)
| Survey | $6.0B |
| Actual | $15.3B |
| Prior | $5.2B |
| Revised | $6.5B |
Volatile series.
Seems to be holding up as incomes hold up.
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