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Showing posts from October, 2024

September’s durable goods, & new and existing home sales

Widely watched reports released the past week included the Advance report on durable goods for September and the September report on new home sales , both from the Census bureau, and the Existing Home Sales Report for September from the National Association of Realtors (NAR)….the week also saw the release of the Regional and State Employment and Unemployment Report for September 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 …while the text of that 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 industry for each of the 50 states, the District of Columbia, Puerto Rico, and the Virgin Islands.. In addition, the week also saw two more regional Fed manufacturing surveys for October: the Kansas ...

September’s retail sales, industrial production, and new housing construction; August’s business inventories

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Widely watched reports that were released this past week included the Retail Sales report for September and the corresponding Business Sales and Inventories report for August , both from the Census Bureau, the report on Industrial production and Capacity Utilization for September from the Fed, and the September report on New Residential Construction from the Census Bureau…. In addition, this week also saw the release of the first two regional Fed manufacturing surveys for October: the Empire State Manufacturing Survey for October from the New York Fed, which covers New York, northern New Jersey, and an adjacent county in Connecticut, reported their headline general business conditions index fell from +11.5 in September to -11.9 in October, meaning that a large plurality of Second District manufactures reported worsening conditions in various facets of their business in the current month…meanwhile the Philadelphia Fed Manufacturing Survey for October , covering most of Pennsylvani...

September’s consumer and producer prices; August’s trade deficit and wholesale inventories

Major reports released last week included the September Consumer Price Index and the September Producer Price Index , both from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the August report on Wholesale Trade, Sales and Inventories from the Census Bureau… A major privately issued report released during the week was the Mortgage Monitor for October , which now comes from the Mortgage Technology unit of ICE, and which indicated that 3.34% of all mortgages were delinquent in August, down from the 3.37% of mortgages that were delinquent in July, but up from the 3.17% delinquency rate of August 2023, and that 0.35% of all mortgages were in the foreclosure process in August, unchanged from the 0.35% of mortgages in foreclosure in July, but down from the 0.41% foreclosure rate of August a year ago…. the full Mortgage Monitor for October (pdf), which covers August data, is a comprehensive 22 pages of tables and graphics, with e...

September’s jobs report; August’s construction spending, factory inventories and JOLTS

Major agency reports released this past week included the Employment Situation Summary for September and the Job Openings and Labor Turnover Survey (JOLTS)​ for August, both from the Bureau of Labor Statistics, and the August report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August , both from the Census Bureau…in addition, this week also saw the last regional Fed manufacturing survey for September: the Dallas Fed Texas Manufacturing Outlook Survey , which covers Texas and adjacent western Louisiana and southeastern New Mexico, reported its general business activity index rose to –9.0 in September, up a bit from –-9.7 in August, and up from –17.5 in July, indicating a smaller majority of Texas businesses are experiencing a slowdown than in prior months.. This week’s major privately issued reports included the ADP Employment Report for September , the September report on light vehicle sales from Wards Automotive , (th...