Economic Releases Archive

Redbook Retail Sales, Factory Orders, Econ Confidence

Speaks for itself: Nice to see an up month after a down one, but the year over year chart says it all: Factory Orders Highlights Factory orders rose nearly as expected in June, up 1.8 percent for only the second gain in the last 11 months. The durable goods component, initially released ...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

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

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

Redbook Retail Sales, NY Housing Spike

More of same- looking very weak Highlights Redbook’s sample has been reporting depressed sales rates since all the way back in March, including the latest week when same-store year-on-year sales rose only 1.2 percent. The report blames a seasonal lull for the latest disappointment, citing lack of shopper interest ahead of the ...Read More

Euro Area CA, Macro Chart Update

Still positive but lower and less than expected: A few charts not looking so good: Housing doing a bit better but remains well below levels associated with prior recessions and remains a much smaller % of GDP: Beware spikes in permits! ...Read More