Marketwatch 666

Widely watched reports released last week included the June advance report on durable goods and the June report on new home sales , both from the Census bureau, and the June report on existing home sales from the National Association of Realtors (NAR)…. in addition, the week also saw the release of the Chicago Fed National Activity Index (CFNAI) for June , a weighted composite index of 85 different economic metrics, which came in at to –0.10 in June, up from a upwardly revised –0.16 in May, in an index where any negative reading indicates economic activity has been below the historical trend…that still left the widely watched 3 month average of the index at -0.22 in June, down from -0.14 in May, indicating that national economic activity has continued to be below the historical trend over those recent months… The week also saw the release of two more regional Fed manufacturing surveys for July: the Richmond Fed Survey of Manufacturing Activity , covering an area that includes Virgi...

Major reports that were released last week included the June Consumer Price Index , the June Producer Price Index , and the June Import-Export Price Index , all from the Bureau of Labor Statistics, and the Retail Sales Report for June , the June report on New Residential Construction and the Business Sales and Inventories Report for May , all from the Census Bureau, and the June 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 June , a report from the Bureau of Labor Statistics which breaks down their two employment surveys from the monthly national jobs report by state and region….while the text of this report provides a useful summary of this data, the serious statistics 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, ...

There were just two agency economic reports released this past week, neither of which are very widely covered: the May report on Wholesale Trade, Sales and Inventories from the Census Bureau, and the Consumer Credit Report for May from the Fed….the latter indicated that non-real estate consumer debt outstanding grew by a seasonally adjusted $5.1 billion, or at a 1.2% annual rate, as non-revolving credit grew at a 2.8% rate to $3,748.9 billion, while revolving credit outstanding shrunk at a 6.3% rate to $1,345.1 billion… The major private report released last week was the Mortgage Monitor for July (covering May data) , which now comes from the Mortgage Technology unit of Intercontinental Exchange, Inc, after originating with Lender Processing Services and being published by Black Knight Financial Services for several years…what they now call the “ July Mortgage Monitor ” indicated that 3.20% of mortgages were delinquent in May, down from the 3.22% that were delinquent in April, but...

This week’s major agency issued economic releases included the Employment Situation Summary for June and the Job Openings and Labor Turnover Survey (JOLTS) for May, both from the Bureau of Labor Statistics, and three May reports that will input data into 2nd quarter GDP: the BEA’s report on our International Trade for May , and the May report on Construction Spending and the Full Report on Manufacturers’ Shipments, Inventories and Orders for May , both from the Census Bureau… Privately issued reports released this week included the ADP Employment Report for June , wherein the national payroll processor reported a 33,000 job decrease in May, the light vehicle sales report for June from Wards Automotive, which is the source data for the BEA report, and which estimated that vehicles sold at a 15.34 million seasonally adjusted annual rate in June, down from the 15.65 million annual sales rate in May, but up from the 15.29 million annual rate in June of 2024, and both of the widely fo...