Posts

Showing posts with the label business inventories

April’s consumer and producer prices, retail sales, industrial production, & existing home sales; March business inventories

Image
Regular monthly reports that were released last 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 Existing Home Sales Report for April from the National Association of Realtors…. This week also saw the first regional Fed manufacturing survey 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 rose to +19.6 in May from +11.0 in April, its highest level in more than four years, which would indicate that a solid majority of Second District manufacturers now see improv...

March retail sales, February’s business inventories, etal

Image
Major monthly reports released last week were the Retail Sales report for March and the associated Business Sales and Inventories report for February , both from the Census Bureau, and the Regional and State Employment and Unemployment Report for February 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.. Also released last week was the Chicago Fed National Activity Index (CFNAI) for March , a weighted composite index of 85 different economic metrics, which decreased to –0.20 in March from +0.03 in February, after February’s inde...

February’s jobs, January’s retail sales, December’s business inventories, et al

Image
Last week’s major releases included the Employment Situation Summary for February from the Bureau of Labor Statistics, and the Retail Sales Report for January and the Business Sales and Inventories Report for December from the Census Bureau….in addition, the Fed released the Consumer Credit Report for January , which showed that overall consumer credit, a measure of non-real estate debt, grew by a seasonally adjusted $8.1 billion, or at a 1.9% annual rate, as non-revolving credit expanded at a 1.1% annual rate to $3,782.4 billion, while revolving credit outstanding grew at 4.3% rate to $1,329.0 billion… The week’s privately issued reports included the ADP Employment Report for February , wherein the national payroll processor estimated that private employers added 63,000 jobs in February, the light vehicle sales report for February from Wards Automotive , which estimated that vehicles sold at a 15.8 million annual rate in February, up from the 14.85 million annual rate in January, b...

January’s jobs, consumer prices and existing home sales; December’s retail sales; November’s business inventories

Image
Major economic releases from last week included the Employment Situation Summary for January , the January Consumer Price Index , and the December Import-Export Price Index , all from the Bureau of Labor Statistics, the Advance Retail Sales Report for December and the accompanying Business Sales and Inventories report for November , both from the Census Bureau, and the Existing Home Sales Report for January from the National Association of Realtors (NAR)… Employers Added 130,000 Jobs in January after Big Downward Revisions to 2025 Stats, Unemployment Rate at 4.3% The Employment Situation Summary for January from the Bureau of Labor Statistics indicated an increase in payroll jobs that was double what had been forecast for the month, while the unemployment rate fell to 4.3% as labor force participation increased…Estimates extrapolated from the seasonally adjusted establishment survey data projected that employers added 130,000 jobs in January, after the previously estimated pay...