2009-02-25 USER


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MBA Mortgage Applications (Feb 20)

Survey n/a
Actual -15.1%
Prior 45.7%
Revised n/a

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MBA Purchasing Applications (Feb 20)

Survey n/a
Actual 250.50
Prior 257.30
Revised n/a

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MBA Refinancing Applications (Feb 20)

Survey n/a
Actual 3618.00
Prior 4472.90
Revised n/a

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Existing Home Sales (Jan)

Survey 4.79M
Actual 4.49M
Prior 4.74M
Revised n/a

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Existing Home Sales MoM (Jan)

Survey 1.1%
Actual -5.3%
Prior 6.5%
Revised 4.4%

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Existing Home Sales YoY (Jan)

Survey n/a
Actual -8.6%
Prior -4.8%
Revised n/a

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Existing Home Sales Inventory (Jan)

Survey n/a
Actual 3.600
Prior 3.700
Revised n/a

 
Foreclosure sales peaked?

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Existing Home Sales ALLX 1 (Jan)

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Existing Home Sales ALLX 2 (Jan)


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2009-02-18 USER


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ICSC UBS Store Sales WoW (Feb 10)

Survey n/a
Actual 0.90%
Prior 0.00%
Revised n/a

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ICSC UBS Store Sales YoY (Feb 10)

Survey n/a
Actual -0.90%
Prior -1.80%
Revised n/a

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Redbook Store Sales Weekly YoY (Feb 10)

Survey n/a
Actual -1.40%
Prior -1.70%
Revised n/a

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Redbook Store Sales MoM (Feb 10)

Survey n/a
Actual 0.90%
Prior 0.70%
Revised n/a

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ICSC UBS Redbook Comparison TABLE (Feb 10)

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MBA Mortgage Applications (Feb 13)

Survey n/a
Actual 45.7%
Prior -24.5%
Revised n/a

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MBA Purchasing Applications (Feb 13)

Survey n/a
Actual 257.30
Prior 235.90
Revised n/a

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MBA Refinancing Applications (Feb 13)

Survey n/a
Actual 4472.90
Prior 2722.70
Revised n/a

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Import Price Index MoM (Jan)

Survey -1.2%
Actual -1.1%
Prior -4.2%
Revised -5.0%

 
Karim writes:

  • Import prices -1.1% m/m and -12.5% y/y; -0.8% m/m ex-petroleum; imports from China -0.7% m/m (-0.5% and -0.7% prior 2mths)
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    Import Price Index YoY (Jan)

    Survey -11.2%
    Actual -12.5%
    Prior -9.3%
    Revised -10.3%

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    Import Price Index ALLX 1 (Jan)

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    Import Price Index ALLX 2 (Jan)

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    Housing Starts (Jan)

    Survey 529K
    Actual 466K
    Prior 550K
    Revised 560K

     
    Karim writes:

    Housing starts and building permits fall to all-time lows.

    • Starts -16.8% m/m (all 4 regions down) and -56.2% y/y; 3rd consecutive double digit m/m decline
    • Permits -4.8% m/m (all 4 regions down)
    • When adding the supply of vacant homes (over 1mm) to starts, excess supply (relative to new household formation and obsolesence) still exists and in turn downward pressure on home prices

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    Building Permits (Jan)

    Survey 525K
    Actual 521K
    Prior 549K
    Revised 547K

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    Industrial Production MoM (Jan)

    Survey -1.5%
    Actual -1.8%
    Prior -2.0%
    Revised -2.4%

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    Industrial Production YoY (Jan)

    Survey n/a
    Actual -10.0%
    Prior -8.2%
    Revised n/a

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    Capacity Utilization (Jan)

    Survey 72.4%
    Actual 72.0%
    Prior 73.6%
    Revised 73.3%

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    Capacity Utilization TABLE 1 (Jan)

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    Capacity Utilization TABLE 2 (Jan)

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    Capacity Utilization TABLE 3 (Jan)


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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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    2009-01-14 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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    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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