GDP Archive

WRKO Interview, GDP, Pending Home Sales, KC Fed, Corporate Profits, BOJ QE chart

WRKO Interview Higher than expected, still a bit lower year over year, and supported by heavy unsold inventory building that’s exceeding the growth of new orders, as well as an increase in net exports which is counter to all the survey information and other hard data as well. Net export reports tend ...Read More

Additional Durable Goods Charts

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Chemical Activity Barometer, Durable Goods Orders, Mtg Purchase apps, Oil Inventory

Sagging along with industrial production: Better than expected which is nice, but nothing to get excited about. Durable goods tend to chug along at 3 or 4% pretty much regardless of what else happens. But this time they’ve been disrupted to the downside by the oil capex collapse. And note the large ...Read More

Redbook retail sales, Inflation adjustment, China, House prices, Consumer confidence

Still depressed Lower than the Fed thought: U.S. inflation probably lower than reported, Fed study says Aug 24 (Reuters) — U.S. inflation in the first half of the year was probably “markedly lower” than reported according to the San Francisco Federal Reserve Bank. Researchers at the regional Fed bank had earlier found ...Read More

Empire manufacturing, housing market index, EU merchandise trade

The lack of support from the lost oil capex continues to ripple out: United States : Empire State Mfg Survey Highlights Out of the blue, the Empire State index has plunged deeply into negative column this month, to minus 14.92 in August vs plus 3.86 in July. This is by far the ...Read More

Retail Sales, Jobless Claims, Import Export Prices, Business Inventories, Japan Machine Orders, Freight Transportation, Gas Prices

This is being touted as a strong report, but, again, looks to me like it’s dropped since year end and at best is moving sideways from there, and not to forget that a large share of auto sales are imports. But I do agree the Fed is heck bent on raising rates ...Read More

Jobs, Atlanta Fed, Rail Traffic

The Fed is looking for ‘some improvement’ in the jobs market. But looks like deterioration to me? The number of jobs fell for the second straight month, the year over year growth rate continued to fall, the unemployment rate and the participation rate were unchanged, earnings growth remains very low. All that ...Read More

Mortgage Purchase Apps, EU Retail Sales, Payroll Tax, ADP, Trade, Equity Comment

While still historically very low, purchase apps are now way up over last year’s particularly depressed levels. Some are replacing all cash buyers, but the increase is also in line with increased existing home sales. While new home sales were soft, turnover of existing homes has been increasing, and while not directly ...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

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