Posts

Showing posts with the label PCE forecast

December’s consumer and producer prices; retail sales, industrial production, & new home construction; November’s business inventories

Image
Major agency reports that were released ​last week included the December Consumer Price Index , the December Producer Price Index , and the December Import-Export Price Index , all from the Bureau of Labor Statistics (BLS), the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November from the Census Bureau, the December report on Industrial Production and Capacity Utilization from the Fed, and the New Residential Construction report for December (pdf) from the Census Bureau… The week also saw the release of the first two regional Fed manufacturing surveys for January: the Empire State Manufacturing Survey from the New York Fed, which covers all of New York state, one county in Connecticut, Puerto Rico and northern New Jersey, reported their headline general business conditions index fell from +20.2 in November and from +2.1 in December to –12.6 in January, meaning that a significant plurality of Second District manufacturer...

March retail sales, industrial production, new home construction and existing home sales; February’s business inventories

Image
Major monthly reports released this past week included the Retail Sales report for March and the associated Business Sales and Inventories report for February , both from the Census Bureau, the March report on Industrial Production and Capacity Utilization from the Fed, the March report on New Residential Construction from the Census bureau, and the Existing Home Sales Report for March from the National Association of Realtors (NAR)….In addition, the week also saw the release of the Regional and State Employment and Unemployment Report for March 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 s...