Marketwatch 666

Agency issued economic reports released this week included the April report on New Residential Construction from the Census Bureau and the Regional and State Employment and Unemployment Summary for April 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 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… This week also saw two more regional Fed manufacturing surveys for May:… the Philadelphia Fed Manufacturing Survey , covering most of Pennsylvania, southern New Jersey, and Delaware, reported their broadest diffusion index of manufacturing conditions fell to –0.4 in May, down from +26.7 in April, wh...

The key economic releases from government agencies during the past week were the Advance Estimate of 1st quarter GDP and the concurrent March report on Personal Income and Spending , both from the Bureau of Economic Analysis; other widely watched releases included the March advance report on durable goods and the March report on New Residential Construction , both from the Census bureau… Major privately issued reports released during the week included the February Case-Shiller Home Price Index from S&P Case-Shiller, which indicated that their index of the relative average of December, January and February home prices was 0.7% higher than their index of average prices for the same homes that sold during the same 3 month period of a year earlier; the light vehicle sales report for April from Wards Automotive , which estimated that vehicles sold at a 16.4 million annual rate in April, up from the 16.3 million sales rate in March, but down from the 17.27 million annual sales rate re...

The key economic reports released last 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, and the Consumer Price Index Summary for February from the Bureau of Labor Statistics…other widely watched releases included the Commerce Dept’s report on our International Trade for January , the Job Openings and Labor Turnover Survey (JOLTS) report for January from the Bureau of Labor Statistics (BLS), the Advance Report on Durable Goods Manufacturers’ Shipments Inventories and Orders for January and the January report on New Residential Construction , both from the Census Bureau, and the Existing Home Sales Report for February from the National Association of Realtors (NAR)… 4th Quarter GDP Grew at a 0.7% Rate, Revised from the 1.4% rate Shown in the Advance Estimate The Second Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and servic...

This week’s key reports were the advance estimate of 4th quarter GDP and the December report on Personal Income and Spending , both from the Bureau of Economic Analysis; other widely watched reports released this week included the Commerce Department’s report on our International Trade for December ; the December report on Industrial Production and Capacity Utilization from the Fed, and the advance report on durable goods for December , the New Residential Construction report for November and December (pdf), and the November and December reports on new home sales , with all of those from the Census Bureau… The week also saw the release of the first two regional Fed manufacturing surveys for February: 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 slipped from +7.7 in January to +7.1 in February, still its fo...