October 2nd, 2016
- Real GDP increased at an annual rate of 1.4% in the second quarter, according to the “third” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8%.
- Real domestic income (GDI) decreased 0.2% in the second quarter, following a 0.8% increase in the first quarter.
- The price index for gross domestic purchases increased 2.1% in the second quarter, following a 0.2% increase in the first quarter.
- Personal income increased 0.2% in August, while personal consumption expenditures held steady. Real disposable personal income increased 0.1%, while real personal consumption expenditures decreased 0.1%.
- The price index for personal consumption expenditures increased 0.1% in August, while the core index increased 0.2%. The price index (headline index) was up 1.0% from August 2015, while the core index was up 1.7%.
- The advance figure for initial claims for unemployment insurance was 254 thousand in the week ending September 24, an increase of 3 thousand from the previous week’s revised level. The 4-week moving average was 256 thousand, a decrease of 2.25 thousand from the previous week’s revised average.
- Mortgage applications decreased 0.7% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 23rd.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment rose to 91.2 in early September.
Posted in Key Economic Indicators | No Comments »
September 25th, 2016
- Existing home sales decreased 0.9% to a seasonally adjusted annual rate of 5.33 million in August, from 5.38 million in July, according to the National Association of Realtors. Sales were up 0.8% from a year ago. The median existing home price in August was $240.2 thousand, up 5.1% from August 2015.
- Housing starts decreased 5.4% in August, while and permits decreased 0.4%.
- The Federal Housing Finance Agency House Price Index was up 0.5% in July. The index was up 5.8% from a year ago.
- Mortgage applications decreased 7.3% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 16th.
- The advance figure for initial claims for unemployment insurance was 252 thousand in the week ending September 17, a decrease of 8 thousand from the previous week’s level. The 4-week moving average was 258.5 thousand, a decrease of 2.25 thousand from the previous week’s average.
Posted in Key Economic Indicators | No Comments »
September 18th, 2016
- Advance estimates of retail and food services sales for August were down 0.3%, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were down 0.1%.
- Total manufacturing and trade sales for July were up 0.2%, while inventories were virtually unchanged, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.39.
- Total Industrial production decreased 0.4% in August, following a 0.6% increase in the previous month. The rate of capacity utilization decreased 0.4 percentage point to 75.5%.
- The consumer price index, which held steady in July, increased 0.2% in August. The core index increased 0.3%, after an increase of 0.1% in the previous month. The consumer price index increased 1.1% for the 12-month period ending in August, while the core index rose 2.3%.
- The producer price index for total final demand was unchanged in August, while the index for final demand goods less foods and energy increased 0.1%. The producer price index for final demand was unchanged from August 2015, while the core index increased 1.0%.
- The import price index decreased 0.2% in August, while the export price index decreased 0.8%. The import price index decreased 2.2% from August 2015 to August 2016, while the price index for exports decreased 2.4%.
- The advance figure for initial claims for unemployment insurance was 260 thousand in the week ending September 10, an increase of a thousand from the previous week’s level. The 4-week moving average was 260.75 thousand, a decrease of 0.5 thousand from the previous week’s average.
- Mortgage applications increased 4.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 9th.
- The September 2016 Empire State Manufacturing Survey indicated that business activity contracted for New York manufacturers.
- The Philadelphia FED business outlook survey indicated that regional manufacturing activity showed strength in September.
Posted in Key Economic Indicators | No Comments »
September 10th, 2016
- Consumer credit posted gains in September.
- The number of job openings increased to 5.9 million on the last day of July, according to the U.S. Bureau of Labor Statistics.
- The advance figure for initial claims for unemployment insurance was 259 thousand in the week ending September 3, a decrease of 4 thousand from the previous week’s level. The 4-week moving average was 261.25 thousand, a decrease of 1.75 thousand from the previous week’s average.
- Mortgage applications increased 0.9% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending September 42nd.
- The FED’s “Beige Book” indicated modest to moderate growth.
Posted in Key Economic Indicators | No Comments »
September 4th, 2016
- Personal income increased 0.4% in July, and personal consumption expenditures increased 0.3%. The price index for personal consumption expenditures held steady in July, while the core index increased 0.1%. The price index (headline index) was up 0.8% from July 2015, while the core index was up 1.6%.
- Total non-farm payroll employment rose 151 thousand in August, following an increase of 275 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
- The unemployment rate was unchanged at 4.9%.
- The average workweek of all employees on private nonfarm payrolls decreased by 0.1 to 34.3 hours. Average hourly earnings increased by 0.1%.
- Second quarter productivity decreased 0.6% (seasonally adjusted annual rate) in the non-farm business sector, following a 0.5% decrease in the previous quarter, according to the U.S. Bureau of Labor Statistics. Unit labor costs increased 4.3% in the second quarter, following a 2.0% increase in the previous quarter.
- The advance figure for initial claims for unemployment insurance was 263 thousand in the week ending August 27, an increase of 2 thousand from the previous week’s level. The 4-week moving average was 263 thousand, a decrease of a thousand from the previous week’s average.
- Mortgage applications increased 2.8% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 26.
Posted in Key Economic Indicators | No Comments »
August 28th, 2016
- Real GDP increased at an annual rate of 1.1% in the second quarter, according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 1.2%.
- The price index for gross domestic product increased 2.3% in the second quarter, following a 2.2% increase in the first quarter.
- Existing home sales decreased 3.2% to a seasonally adjusted annual rate of 5.39 million in July, from 5.57 million in the previous month, according to the National Association of Realtors. The median existing home price in July was $244.1 thousand, down 1.4% from a year ago.
- Mortgage applications decreased 2.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 19th.
- The advance figure for initial claims for unemployment insurance was 261 thousand in the week ending August 20, a decrease of a thousand from the previous week’s level. The 4-week moving average was 264 thousand, a decrease of 1.25 thousand from the previous week’s average.
Posted in Key Economic Indicators | No Comments »
August 21st, 2016
- Total Industrial production, which increased 0.4% in June, increased 0.7% in July. The rate of capacity utilization increased 0.5 percentage point to 75.9%.
- Housing starts in July were up 2.1%, while building permits held steady.
- The consumer price index held steady in July, following a 0.2% increase in the previous month. The core index increased 0.1%, following a 0.2% increase as in the previous month. The consumer price index increased 0.8% for the 12-month period ending in July, while the core index rose 2.2%.
- The advance figure for initial claims for unemployment insurance was 262 thousand in the week ending August 13, a decrease of 4 thousand from the previous week. The 4-week moving average was 262.25 thousand, a decrease of 0.5 thousand from the previous week’s average.
- Mortgage applications decreased 4.0% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 12th.
- The August 2016 Empire State Manufacturing Survey indicated that business activity remained weak for New York manufacturers. The headline index was negative 4.2 in August, down from positive 0.6 in July.
- The Philadelphia FED business outlook survey indicated that regional manufacturing activity remained flat in August.
Posted in Key Economic Indicators | No Comments »
August 14th, 2016
- Advance estimates of retail and food services sales for July were virtually unchanged from June, according to the U.S. Census Bureau. Excluding motor vehicle & parts, retail sales were down 0.3%.
- Total manufacturing and trade inventories were up 0.2% in June, according to the U.S. Census Bureau. The total business inventories/sales ratio was 1.39.
- The number of job openings increased 2.0% in June to 5.6 million, according to the U.S. Bureau of Labor Statistics.
- The advance figure for initial claims for unemployment insurance was 266 thousand in the week ending August 6, a decrease of a thousand from the previous week. The 4-week moving average was 262.75 thousand, an increase of 3 thousand from the previous week’s revised average.
- Mortgage applications increased 7.1% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending August 5th.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment edged up to 90.4 in early August.
Posted in Key Economic Indicators | No Comments »
August 7th, 2016
- Personal income increased 0.2% in June, and personal consumption expenditures increased 0.4%.
- The price index for personal consumption expenditures increased 0.1% in June. The price index (headline index) was up 0.9% from June 2015, while the core index was up 1.6%.
- Total non-farm payroll employment rose 255 thousand in July, following an increase of 292 thousand in the previous month, according to the U.S. Bureau of Labor Statistics.
- The unemployment rate was unchanged at 4.9%.
- The average workweek of all employees on private nonfarm payrolls increased by 0.1 to 34.5 hours. Average hourly earnings were up 0.3%.
- The advance figure for initial claims for unemployment insurance was 269 thousand in the week ending July 30, an increase of 3 thousand from the previous week. The 4-week moving average was 260.25 thousand, an increase of 3.75 thousand from the previous week’s average.
- Mortgage applications decreased 3.5% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 29th.
Posted in Key Economic Indicators | No Comments »
July 30th, 2016
- Real GDP increased at an annual rate of 1.2% in the second quarter, according to the “advance” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 0.8%.
- The price index for gross domestic product increased 2.2% in the second quarter, following a 0.5% increase in the first quarter.
- The employment cost index rose 0.6% in the second quarter, the same increase as in the previous quarter. The index was up 2.3% from a year ago.
- The advance figure for initial claims for unemployment insurance was 266 thousand in the week ending July 23, an increase of 14 thousand from the previous week’s revised level. The 4-week moving average was 256.5 thousand, a decrease of a thousand from the previous week’s revised average.
- Mortgage applications decreased 11.2% from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 22nd.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment decreased to 90.0 July, from 93.5 in June.
Posted in Key Economic Indicators | No Comments »
