Marketwatch 666

​There were just two widely watched economic reports released ​last week​:​ the April report on new home sales from the Census bureau, and the Existing Home Sales Report for April from the National Association of Realtors….in addition, the Bureau of Labor Statistics released the Regional and State Employment and Unemployment Summary for April this past week, 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 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 states, the District of Columbia, Puerto Rico, and the Virgin Islands… The week also saw the release of the Chicago Fed National Activity Index (CFNAI) for April , a weighted composite index of 85 different economic metrics, which fell to –0.25 in April fro...

Regular monthly reports that were released ​l​ast week included the April Consumer Price Index , the April Producer Price Index and the April Import-Export Price Index from the Bureau of Labor Statistics, the Retail Sales report for April and the Manufacturing and Trade, Inventories and Sales report for March (pdf), both from the Census Bureau, the April report on Industrial Production and Capacity Utilization from the Fed, and the April report on New Residential Construction , also from the Census Bureau… This week also saw first two regional Fed manufacturing surveys for May: the Empire State Manufacturing Survey from the New York Fed , which covers all of New York state, a NYC suburban county in Connecticut, northern New Jersey, and Puerto Rico, reported their headline general business conditions index fell to -9.2 from –8.1 in April, which would indicate that the ongoing contraction of Second District manufacturing was a bit more widespread than a month earlier… Meanwhile, t...

Economic reports released during the past week included ​the Commerce Dept report on our international trade in goods and services for March and the Wholesale Trade, Sales and Inventories report for March from the Census Bureau….meanwhile, the Fed released the Consumer Credit Report for March on Wednesday of this week, which indicated that overall consumer credit, a measure of non-real estate debt, had grown by a seasonally adjusted $10.2 billion in March, or at a 2.4% annual rate, as non-revolving credit expanded at a 2.7% annual rate to $3,682.2 billion, while revolving credit outstanding grew at a 1.7% rate to $1,324.6 billion…for the first quarter of 2025, consumer credit increased at a 1.5% seasonally adjusted annual rate, as non revolving credit increased at a 1.2% rate while revolving credit increased at a 2.3% rate… The week’s major privately issued report included the April 2025 Services ISM® Report On Business , which reported their Services Index rose to 51.6% in April...

Major economic reports released last week included the Employment Situation Summary for April and the Job Openings and Labor Turnover Survey (JOLTS) for March, both from the Bureau of Labor Statistics, the advance estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the March report on Construction Spending (pdf) and the Full Report on Manufacturers’ Shipments, Inventories and Orders for March , both from the Census Bureau…The week also saw the release of the last regional Fed manufacturing survey for April: the Dallas Fed Texas Manufacturing Outlook Survey , covering Texas, western Louisiana and eastern New Mexico, reported their general business activity composite index fell to –-35.8 in April,​ down from -16.3 in March​ and its lowest reading since May 2020, indicating that a large majority of Texas manufacturers reported deteriorating business conditions during April… Privately issued repo...