2008-03-13 US Economic Releases

2008-03-13 Import Price Index MoM

Import Price Index MoM (Feb)

Survey 0.8%
Actual 0.2%
Prior 1.7%
Revised 1.6%

2008-03-13 Import Price Index YoY

Import Price Index YoY (Feb)

Survey n/a
Actual 13.6%
Prior 13.7%
Revised 13.8%

2008-03-13 Import Prices Ex Petroleum YoY

Import Prices Ex Petroleum YoY

Survey n/a
Actual 4.5%
Prior 3.6%
Revised n/a

2008-03-13 Exports MoM

Exports MoM (Feb)

Survey n/a
Actual 0.9%
Prior 1.2%
Revised n/a

2008-03-13 Exports YoY

Exports YoY (Feb)

Survey n/a
Actual 6.8%
Prior 6.7%
Revised n/a

Inflation ripping via the ‘weak dollar’ channel.

Note: non-petroleum imports up 0.6%.


2008-03-13 Advance Retail Sales

Advance Retail Sales (Feb)

Survey 0.2%
Actual -0.6%
Prior 0.3%
Revised 0.4%

2008-03-13 Retail Sales Less Autos

Retail Sales Less Autos (Feb)

Survey 0.2%
Actual -0.2%
Prior 0.3%
Revised 0.5%

Retail sales soft, but not in collapse. That’s what an export economy looks like: domestic sales soft, while exports pick up the slack and support GDP, real terms of trade, and standards of living deteriorate.


2008-03-13 Initial Jobless Claims

Initial Jobless Claims (Mar 8)

Survey 357K
Actual 353K
Prior 351K
Revised 353K

Leveling off – nowhere near recession levels yet.

Would need to be 400K+.


2008-03-13 Continuing Claims since 1980

Continuing Claims (Mar 1)

Survey 2835K
Actual 2835K
Prior 2831K
Revised 2828K

Moving a bit higher, but still far below recession levels.


2008-03-13 Business Inventories

Business Inventories (Jan)

Survey 0.5%
Actual 0.8%
Prior 0.6%
Revised 0.7%

Up some, but still much lower than prior to other recessions.