Category Archives: Economic Releases

trade anecdotes, CPI, FHFA House Price Index, New home sales, Richmond Fed, PMI

It’s the net exports, paid for by non residents selling their currency to buy euro to spend, that drives up the euro until the net exports cease and trade goes negative. And with the rigidities/J curve/etc. the move up could … Continue reading

Posted in Currencies, Economic Releases, Housing |

Empire State survey, housing market index, Industrial Production

More weakness today, and in sync with my narrative about the lower price of oil being an unambiguous negative for the US economy: Empire State Mfg Survey Highlights General conditions so far in March, at an index of 6.90, remain … Continue reading

Posted in Economic Releases |

GDP, Pending home sales, Chicago ISM, Consumer Sentiment

No ‘surge’ happening and Q1 GDP at risk as well from collapse of oil and gas investment: GDP Growth Slows to 2.2% in 4Q, revised lower but still better than expected Latest figures indicate breakout pace of growth in the … Continue reading

Posted in Economic Releases, Housing |

Jobless Claims, Durable goods, house prices, cpi

I still don’t see any evidence of a ‘boost’ from lower oil prices. If anything, it’s all gotten a lot softer instead… Jobless Claims Durable Goods Orders Capital Goods Shipments ex Air Y/Y:

Posted in Economic Releases, Employment, Inflation |

Case-Shiller, Consumer confidence, Richmond Fed, pmi services

S&P Case-Shiller HPI Highlights Sales of existing homes may be slow but price traction is appearing, at least it did in December as Case-Shiller’s adjusted 20-city index shows a sharp month-on-month gain of 0.9 percent. This is the strongest monthly … Continue reading

Posted in Economic Releases, Housing |

Consumer comfort, business inventories

Bloomberg Consumer Comfort Index Highlights According to Bloomberg, consumer confidence declined for a second straight week, interrupting a four-month surge as Americans’ perceptions of their finances and the economy waned. Business Inventories Highlights A mismatch between inventories and sales is … Continue reading

Posted in Economic Releases, GDP |

Auto sales decrease to 16.6 million annual rate

Note the recent downward slope into January when the consumer spending on autos was expected to pick up due to lower fuel prices… U.S. Light Vehicle Sales decrease to 16.6 million annual rate in January By Bill McBride

Posted in Economic Releases |

durable goods, Case Shiller, new home sales, Consumer Confidence, Richmond Fed, PMI services flash, GDP comments, 10 yr vs Fed

Down hard and revisions down hard as well, and year over year growth up less than 1%: Durable Goods Orders Highlights Durables orders unexpectedly fell 3.4 percent in December after dropping 2.1 percent in November. Analysts projected a 0.7 percent … Continue reading

Posted in Bonds, Economic Releases, Fed, GDP, Housing, Interest Rates |

ADP, mtg purch apps, Productivity, ISM, oil and gas well permits

Remember, this is their forecast for Friday, not hard data from their subscribers: ADP Employment Report Highlights ADP’s estimate for private payroll growth for November is 208,000 vs the Econoday consensus for 225,000 and against a revised 233,000 for October. … Continue reading

Posted in Comodities, Economic Releases, Employment, GDP, Oil |

Car sales up

Good news here: Motor Vehicle Sales Highlights Vehicle sales rose a strong 4.2 percent in November to a 17.2 million unit annual rate which is outside the top end of the Econoday consensus for 17.0 million. Sales of North American-made … Continue reading

Posted in Economic Releases |