NFIB chart, NY Fed debt chart, April tax collections

Small increase and still down from year end levels, still very low historically, real sales- what matters most- were down: Small Business Optimism Rises, But Future Sales Cloud Outlook The Small Business Optimism Index increased 1.7 points from March to 96.9, this in spite of a quarter of virtually no economic growth. ...Read More

Redbook retail sales, Small business confidence, JOLTS, Japan budget

So now they don’t have Easter to kick around anymore and they’re still weak: Redbook Retail sales picked up slightly in the May 9 week as Easter-effects finally fade, but at a year-on-year plus 2.1 percent sales remain soft. Redbook reports an as-expected Mother’s Day holiday in the week and reports early ...Read More

China, Bunds, and Fed’s labor market index

As if rate cuts will help: China cuts interest rates for third time since Nov as economy sputters May 10 (Reuters) — China’s central bank cut its benchmark lending rate by 25 basis points to 5.1 percent on Sunday, its third reduction since November, as economic growth cools to levels not seen ...Read More

Govt employment, credit check

You’d think the Tea Party would give President Obama high marks for this! Nothing going on here: ...Read More

china pmi, ADP, productivity

Still slipping in Q2 China : PMI Composite Highlights HSBC China Composite PMI, which covers both manufacturing and services, indicated an expansion of Chinese business activity in April but at a weaker pace. Activity growth slowed to a three month low with a reading of 51.3, down from 51.8 in March. The ...Read More

Lumber prices, UK pmi, West Coast Port Traffic, trade, PMI and ISM services index

From Calculated Risk: Right now Random Lengths prices are down about 11% from a year ago, and CME futures are down around 25% year-over-year. Stll positive but more recent numbers coming in worse than expected: Great Britain : PMI Construction Highlights Business activity in UK construction slowed unexpectedly quickly last month. At ...Read More

Cleveland Fed on low wage growth, Atlanta Fed Q2 gdpnow, factory orders

Behind the Slow Pace of Wage Growth Factory Orders Highlights Boosted by aircraft and also by motor vehicles, factory orders rose an as-expected 2.1 percent in March. March’s gain ends what were 7 straight declines as February, which was initially at plus 0.2 percent, is revised now to minus 0.1 percent. The ...Read More

credit check

No sign of any kind of increase in bank credit expansion to offset lost oil and gas bond issuance, etc: ...Read More

Restaurant Index, credit check, personal rental income, oil investment

Although a majority of restaurant operators reported higher same-store sales in March, customer traffic levels were somewhat dampened,” said Hudson Riehle, senior vice president of the Research and Knowledge Group for the Association. “Looking forward, restaurant operators remain solidly optimistic about future business conditions, with six in 10 expecting to have higher ...Read More

Car sales

Big letdown here. More Q2 downgrades on the way. Still waiting for the burst of consumer spending from the drop in oil prices… United States : Motor Vehicle Sales Highlights The early indications from April have mostly been weak including the first hard consumer data on the month which are vehicle sales. ...Read More