Economic Releases Archive
Trade, Consumer credit
Economic Releases
Jun 08, 2018
The trade deficit narrowed but due to a drop in consumer spending on imported cell phones, which doesn’t bode well for retail sales, which are under pressure from the reduced growth of real disposable personal income. And the widening trade gap with the euro area is fundamentally euro friendly even as fears
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Debt securities and loans, Vehicle sales, Manufacturers orders
Economic Releases
Jun 05, 2018
Another indication of low aggregate demand this cycle: Continuing to weaken: Recovering from the dip but still has a ways to go: This component had previously leveled off at about today’s level: Actual shipments recovering but still not looking so good: Inventories correcting but remain elevated:
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Employment, Construction spending
Economic Releases
Jun 01, 2018
Above expectations and indicative of continuous modest growth. However, I have trouble making it all ‘add up’. More comments below: Highlights Employment growth is strong and it is not entirely without wage pressure. Nonfarm payrolls rose 223,000 in May to just top Econoday’s high estimate while the unemployment rate moves down a
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Personal income and outlays, Corporate profits, Trade, Bank lending, Corporate debt
Economic Releases
Jun 01, 2018
Spending was up, but unfortunately due to higher gas prices, which were paid for by further dipping into savings that were already far too low. So looks to me like q2 is off to a very uncertain start after a weak q1: Highlights Income isn’t quite as soft and spending isn’t quite
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Mtg purchase apps, New home sales, Architecture billing index, China
Economic Releases
May 23, 2018
Weakness continues: Housing, while growing modestly, remains very depressed historically: Highlights Month after month the new home sales report shows its volatility behind which, however, slight strength is evident. Sales in April came in 15,000 short of Econoday’s consensus, at a 662,000 annualized rate with revisions pulling down the prior two months
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Retail sales, Mtg apps, Housing starts, Industrial production, Wage growth tracker
Economic Releases
May 16, 2018
Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than moderate. Total sales rose an as-expected 0.3 percent in April which pretty much tells the
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Las Vegas, Current account and currency
Economic Releases
May 14, 2018
Yen: Euro:
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Macro review, Rig count, Redbook same store sales, Consumer credit, Philly Fed state index, Jolts
Economic Releases
May 08, 2018
There is now growing evidence that the economy’s deceleration that followed the collapse of oil related capital expenditures at the end of 2014 continued for about two years after which it reversed course. This means the collapse in private sector deficit spending was replaced by other sources of deficit spending, some of
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Employment, Durable goods, Bank loans, Collections index, China phone sales
Economic Releases
May 06, 2018
Economic intuitive sectors of employment were mixed with truck transport contracting. This month’s report internals (comparing household to establishment data sets) was inconsistent with the household survey showing seasonally adjusted employment expanding only 3,000 vs the headline establishment number expanding 164,000. The point here is that part of the headlines are from
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ADP employment, Light vehicle sales
Economic Releases
May 02, 2018
Auto sales continue to slow: The BEA released their estimate of April vehicle sales this morning. The BEA estimated sales of 17.07 million SAAR in April 2018 (Seasonally Adjusted Annual Rate), down 1.7% from the March sales rate, and up slightly from April 2017. Read more at http://www.calculatedriskblog.com/#kXZuxyjWLR2MW4ME.99 Light truck sales were
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