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Showing posts from March, 2024

February’s new housing construction and existing home sales

There were just two widely watched housing reports released last week: the February report on New Residential Construction , from the Census bureau, and the Existing Home Sales Report for February from the National Association of Realtors (NAR)….the week also saw the release of the Regional and State Employment and Unemployment Report for February from the Bureau of Labor Statistics, a report which breaks down the two employment surveys from the monthly national jobs report by state and region (Note: you might recall that January’s state and regional report was released last week; it had been delayed in order to compile the annual revisions, and this February report puts the report back on its normal release schedule)….while the text of this report provides a useful summary of the state and regional data, the serious statistical aggregation can be found in the tables linked at the end of the report , where one can find the civilian labor force data and the change in payrolls by indu...

February’s consumer and producer prices, retail sales, & industrial production; January’s business inventories

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Major monthly reports released over the past week included the February Consumer Price Index , the February Producer Price Index and the February Import-Export Price Index , all from the Bureau of Labor Statistics (BLS), the Retail Sales report for February and the conjoined Business Sales and Inventories for January from the Census Bureau, and the February report on Industrial Production and Capacity Utilization from the Fed….in addition, the week also saw the release of the Regional and State Employment and Unemployment Report for January from the BLS, a report which breaks down the two employment surveys from the monthly national jobs report by state and region, later than usual due to the annual revisions….while the text of that report provides a useful summary of this data, the serious statistical aggregation can be found in the tables linked at the end of the report , where one can find the civilian labor force data and the change in payrolls by industry for each of the 50 ...

February’s jobs report; January’s trade deficit, factory inventories, wholesale sales, and JOLTS

Last week’s major releases included both major monthly jobs reports: the Employment Situation Summary for February and the Job Openings and Labor Turnover Survey (JOLTS) report for January, both from the Bureau of Labor Statistics, and three reports that will provide source data for 1st quarter GDP: the Commerce Dept’s report on our International Trade for January , the Full Report on Manufacturers’ Shipments, Inventories and Orders for January , and the January report on Wholesale Trade, Sales and Inventories , both from the Census Bureau….in addition, the Fed released the Consumer Credit Report for January , which showed that overall consumer credit, a measure of non-real estate debt, grew by a seasonally adjusted $19.5 billion, or at a 4.7% annual rate, as non-revolving credit expanded at a 3.6% annual rate to $3,711.7 billion, while revolving credit outstanding grew at an 7.6% rate to $1,327.5 billion… The week’s privately issued reports included the ADP Employment Report for...

4th quarter GDP revision; January’s income and outlays, construction spending, durable goods, and new home sales

The key economic reports released during the past week were the 2nd estimate of 4th quarter GDP and the January report on Personal Income and Spending , both from the Bureau of Economic Analysis; other widely watched releases included the January report on Construction Spending , the Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders for January , and the January report on new home sales , all from the Census Bureau…In addition, this week also saw the release the last three regional Fed manufacturing surveys for February: the Kansas City Fed manufacturing survey for February , covering western Missouri, Colorado, Kansas, Nebraska, Oklahoma, Wyoming and northern New Mexico, reported its broadest composite index rose to -4 in February, up from -9 in January but down from -1 in December , indicating that a smaller plurality of that region’s manufactures saw deteriorating conditions in February than a month earlier; the Richmond Fed Survey of Manufacturing A...