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August’s consumer and producer prices and existing home sales; July’s wholesale trade

Major reports released last week included the August Consumer Price Index and the August Producer Price Index , both from the Bureau of Labor Statistics, the Wholesale Trade, Sales and Inventories report for July from the Census Bureau, and the Existing Home Sales Report for August from the National Association of Realtors……this week also saw the Consumer Credit Report for July from the Fed, which indicated that overall consumer credit, a measure of non-real estate debt, expanded by a seasonally adjusted $20.1 billion in July, or at a 4.2% annual rate, as non-revolving credit expanded at a 4.8% rate to $3,829.0 billion, while revolving credit outstanding grew at a 2.5% rate to $1,357.2 billion… CPI Rose 0.4% in August on Higher Prices for Fuel, Housing, and Phone Service The consumer price index was 0.4% higher in August, as higher prices for fuel, rent, new and used cars and trucks, car and truck rentals, vehicle maintenance and repairs, motor oil, air fares, lodging away from hom...
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August jobs report; July’s trade deficit, construction spending, factory inventories, and JOLTS, et al

Major reports released last week included the Employment Situation Summary for August and the Job Openings and Labor Turnover Survey (JOLTS) report for July , both from the Bureau of Labor Statistics, and three July reports that provide us with preliminary input data to 3rd quarter GDP, and also suggest revisions to 2nd quarter GDP: the July report on our International Trade from the Bureau of Economic Analysis, and the July report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for July , both from the Census Bureau… The week’s major privately issued reports included the ADP Employment Report for August , wherein the national payroll processor reported a 38,000 increase in private jobs in August, the light vehicle sales report for August from Omida, aka Wards Automotive , which estimated that vehicles sold at a 16.8 million annual rate in August, up from the 16.3 million annual sales rate reported in July, and up from the 16.5...
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Q2 GDP revision; July’s income and outlays, durable goods, & new home sales

The key economic reports that were released last week were the 2nd estimate of 2nd quarter GDP and the July report on Personal Income and Spending , both from the Bureau of Economic Analysis…the week also saw the release of the July advance report on durable goods and the July report on new home sales both from the Census Bureau, the Case-Shiller house price indexes for June from S&P Case-Shiller, who reported that their national home price index, based on relative April, May and June home sales prices, was 1.5% higher than their home price index based on prices of the same homes that sold during the same three months of a year ago, and the Chicago Fed National Activity Index (CFNAI) for July , a weighted composite index of 85 different economic metrics, which decreased to –0.08 in July from a revised +0.06 in June, which had previously been reported at –0.02…as a result, the more often cited 3 month average of the CFNAI decreased to –0.04 in July from +0.01 in June, which, as ...
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