2009-02-11 USER


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MBA Mortgage Applications (Feb 6)

Survey n/a
Actual -24.5%
Prior 8.6%
Revised n/a

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MBA Purchasing Applications (Feb 6)

Survey n/a
Actual 235.90
Prior 261.40
Revised n/a

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MBA Refinancing Applications (Feb 6)

Survey n/a
Actual 2722.70
Prior 3906.30
Revised n/a

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Bloomberg Global Confidence (Feb)

Survey n/a
Actual 8.49
Prior 8.72
Revised n/a

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Trade Balance (Dec)

Survey -$35.7B
Actual -$39.9B
Prior -$40.4B
Revised -$41.6B

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Exports MoM (Dec)

Survey n/a
Actual -6.0%
Prior -6.0%
Revised n/a

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Imports MoM (Dec)

Survey n/a
Actual -5.5%
Prior -11.9%
Revised n/a

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Exports YoY (Dec)

Survey n/a
Actual -8.4%
Prior -2.0%
Revised n/a

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Imports YoY (Dec)

Survey n/a
Actual -14.7%
Prior -10.3%
Revised n/a

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Trade Balance ALLX (Dec)


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2009-02-04 USER


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MBA Mortgage Applications (Jan 30)

Survey n/a
Actual 8.6%
Prior -38.8%
Revised n/a

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MBA Purchasing Applications (Jan 30)

Survey n/a
Actual 261.40
Prior 294.30
Revised n/a

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MBA Refinancing Applications (Jan 30)

Survey n/a
Actual 3906.30
Prior 3373.90
Revised n/a

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Challenger Job Cuts YoY (Jan)

Survey n/a
Actual 222.4%
Prior 274.5%
Revised n/a

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Challenger Job Cuts TABLE 1 (Jan)

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Challenger Job Cuts TABLE 2 (Jan)

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Challenger Job Cuts TABLE 3 (Jan)

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Challenger Job Cuts TABLE 4 (Jan)

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ADP Employment Change (Jan)

Survey -535K
Actual -522K
Prior -693K
Revised -659K

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ADP ALLX (Jan)

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ISM Non Manufacturing Composite (Jan)

Survey 39.0
Actual 42.9
Prior 40.6
Revised 40.1


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2009-01-28 USER


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MBA Mortgage Applications (Jan 23)

Survey n/a
Actual -38.8%
Prior -9.8%
Revised n/a

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MBA Purchasing Applications (Jan 23)

Survey n/a
Actual 294.30
Prior 303.10
Revised n/a

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MBA Refinancing Applications (Jan 23)

Survey n/a
Actual 3373.90
Prior 6491.90
Revised n/a


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2009-01-22 USER


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MBA Mortgage Applications (Jan 16)

Survey n/a
Actual -9.8%
Prior 15.8%
Revised n/a

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MBA Purchasing Applications (Jan 16)

Survey n/a
Actual 303.10
Prior 295.10
Revised n/a

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MBA Refinancing Applications (Jan 16)

Survey n/a
Actual 6491.80
Prior 7414.10
Revised n/a

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Housing Starts (Dec)

Survey 605K
Actual 550K
Prior 625K
Revised 651K

 
Karim writes:

  • Housing starts fell 16% in December and building permits fell 10.7%, and both to all-time lows in nominal terms.
  • These numbers indicate that housing will be a drag on the economy in terms of GDP accounting at least through year-end.
  • The level of starts consistent with new household formation (and adjusting for obsolescence of the existing housing stock) is about 1.25mm.
  • But what the current level of starts of 550k does not reflect is the record level of vacant homes (about 1mm more than the 1985-2005 average).

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Building Permits (Dec)

Survey 600K
Actual 549K
Prior 616K
Revised 615K

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Initial Jobless Claims (Jan 17)

Survey 543K
Actual 589K
Prior 524K
Revised 527K

 
Karim writes:

  • Initial claims jumped 62k to 589k, and continuing claims by 93k to 4607k.
  • Both are new highs for the current cycle and the highest since 1982.

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Continuing Claims (Jan 10)

Survey 4534K
Actual 4607K
Prior 4497K
Revised 4510K

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Jobless Claims ALLX (Jan 17)

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House Price Index MoM (Nov)

Survey -1.2%
Actual -1.8%
Prior -1.1%
Revised n/a

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House Price Index YoY (Nov)

Survey n/a
Actual -8.7%
Prior -7.6%
Revised n/a

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House Price Index ALLX (Nov)


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2009-01-14 USER


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MBA Mortgage Applications (Jan 9)

Survey n/a
Actual 15.8%
Prior -8.2%
Revised n/a

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MBA Purchasing Applications (Jan 9)

Survey n/a
Actual 295.80
Prior 344.20
Revised n/a

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MBA Refinancing Applications (Jan 9)

Survey n/a
Actual 7414.10
Prior 5904.50
Revised n/a

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Bloomberg Global Confidence (Jan)

Survey n/a
Actual 8.72
Prior 6.07
Revised n/a

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Import Price Index MoM (Dec)

Survey -5.3%
Actual -4.2%
Prior -6.7%
Revised -7.0%

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Import Price Index YoY (Dec)

Survey -9.5%
Actual -9.3%
Prior -4.4%
Revised -5.4%

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Import Price Index ALLX1 (Dec)

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Import Price Index ALLX2 (Dec)

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Advance Retail Sales MoM (Dec)

Survey -1.2%
Actual -2.7%
Prior -1.8%
Revised -2.1%

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Advance Retail Sales YoY (Dec)

Survey n/a
Actual -9.8%
Prior -8.2%
Revised n/a

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Retail Sales Less Autos MoM (Dec)

Survey -1.4%
Actual -3.1%
Prior -1.6%
Revised -2.5%

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Business Inventories MoM (Nov)

Survey -0.5%
Actual -0.7%
Prior -0.6%
Revised n/a

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Business Inventories YoY (Nov)

Survey n/a
Actual 3.3%
Prior 4.5%
Revised n/a


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2009-01-07 USER


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MBA Mortgage Applications (Jan 2)

Survey n/a
Actual -8.2%
Prior 0.0%
Revised n/a

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MBA Purchasing Applications (Jan 2)

Survey n/a
Actual 344.20
Prior 320.90
Revised n/a

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MBA Refinancing Applications (Jan 2)

Survey n/a
Actual 5904.50
Prior 6733.80
Revised n/a

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Challenger Job Cuts YoY (Dec)

Survey n/a
Actual 274.5%
Prior 148.4%
Revised n/a

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Challenger Job Cuts TABLE 1 (Dec)

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Challenger Job Cuts TABLE 2 (Dec)

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Challenger Job Cuts TABLE 3 (Dec)

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Challenger Job Cuts TABLE 4 (Dec)

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ADP Employment Change (Dec)

Survey -495K
Actual -693K
Prior -250K
Revised -476K

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ADP ALLX (Dec)


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2008-12-31 USER


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Karim writes:

  • The conference board survey of labor conditions (jobs plentiful less jobs hard to get) has been a good leading indicator of payrolls and worsened in December from -28.4 to -35.8.
  • The ABC survey also worsened last week despite the further decline in gas prices, suggesting the labor market continues to deteriorate.

MBA Mortgage Applications (Dec 26)

Survey n/a
Actual 0.0%
Prior 48.0%
Revised n/a

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MBA Purchasing Applications (Dec 26)

Survey n/a
Actual 320.90
Prior 316.50
Revised n/a

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MBA Refinancing Applications (Dec 26)

Survey n/a
Actual 6733.80
Prior 6758.60
Revised n/a

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Initial Jobless Claims (Dec 27)

Survey 575K
Actual 492K
Prior 586K
Revised n/a

 
Karim writes:

  • Initial claims fall 94k to 492k but Labor Dept states data probably skewed by holidays and auto shutdowns

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Continuing Claims (Dec 20)

Survey 4400K
Actual 4506K
Prior 4370K
Revised 4366K

 
Karim writes:

  • Continuing claims, reported with a 1 week lag to initial claims, rose 140k to a new cycle high of 4506k.

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Jobless Claims ALLX (Dec 27)

 
Karim writes:

  • Would expect payroll decline for December to be larger than last month’s 533k drop (market expects slight improvement to -475k).

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NAPM Milwaukee (Dec)

Survey n/a
Actual 30
Prior 35
Revised n/a


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2008-12-24 USER


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MBA Mortgage Applications (Dec 20)

Survey n/a
Actual 48.0%
Prior 2.9%
Revised n/a

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MBA Purchasing Applications (Dec 20)

Survey n/a
Actual 316.50
Prior 286.10
Revised n/a

 
Picking up with lower rates.

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MBA Refinancing Applications (Dec 20)

Survey n/a
Actual 6758.60
Prior 4156.00
Revised n/a

 
Spiking with lower rates.

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Personal Income MoM (Nov)

Survey 0.0%
Actual -0.2%
Prior 0.3%
Revised 0.1%

 
Lower than expected. Lower interest income continues to bite.

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Personal Income YoY (Nov)

Survey n/a
Actual 2.5%
Prior 3.1%
Revised n/a

 
Still up but lower interest income biting.

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Personal Income ALLX (Nov)

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Personal Spending (Nov)

Survey -0.7%
Actual -0.6%
Prior -1.0%
Revised n/a

 
Not good, but lower fuel prices helping other sales.

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PCE Deflator YoY (Nov)

Survey 1.5%
Actual 1.4%
Prior 3.2%
Revised n/a

 
Way down with the big drop in fuel costs.

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PCE Core MoM (Nov)

Survey 0.0%
Actual 0.0%
Prior 0.0%
Revised n/a

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PCE Core YoY (Nov)

Survey 2.0%
Actual 1.9%
Prior 2.1%
Revised 2.0%

 
Back in the Fed’s comfort zone.

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Durable Goods Orders (Nov)

Survey -3.0%
Actual -1.0%
Prior -6.2%
Revised -8.4%

 
A little better than expected but still in decline.

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Durable Goods Orders YoY (Nov)

Survey n/a
Actual -17.6%
Prior -12.9%
Revised n/a

 
Big drop.

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Durables Ex Defense MoM (Nov)

Survey n/a
Actual -0.9%
Prior -6.7%
Revised n/a

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Durables Ex Transportation MoM (Nov)

Survey -3.0%
Actual 1.2%
Prior -4.4%
Revised -6.8%

 
Bit of a blip up but nothing serious as prior revised lower.

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Durable Goods ALLX (Nov)

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Initial Jobless Claims (Dec 20)

Survey 558K
Actual 586K
Prior 554K
Revised 556K

 
May get a lot worse after the holidays.

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Continuing Claims (Dec 13)

Survey 4410K
Actual 4370K
Prior 4384K
Revised 4387K

 
Likely to move up after the holidays.

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Jobless Claims ALLX (Dec 20)


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2008-12-10 USER


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MBA Mortgage Applications (Dec 5)

Survey n/a
Actual -7.1%
Prior 112.1%
Revised n/a

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MBA Purchasing Applications (Dec 5)

Survey n/a
Actual 298.10
Prior 361.10
Revised n/a

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MBA Refinancing Applications (Dec 5)

Survey n/a
Actual 3767.30
Prior 3802.80
Revised n/a

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Wholesale Inventories MoM (Oct)

Survey -0.2%
Actual -1.1%
Prior -0.1%
Revised -0.4%

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Wholesale Inventories YoY (Oct)

Survey n/a
Actual 8.0%
Prior 9.3%
Revised n/a

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Wholesale Inventories ALLX 1 (Oct)

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Wholesale Inventories ALLX 2 (Oct)


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