Marketwatch 666

Shutdown delayed reports that were released this past week included the Retail Sales report for September and the corresponding Business Sales and Inventories report for August , both from the Census Bureau and originally scheduled for release on October 16th, the September Producer Price Index from the Bureau of Labor Statistics, also originally scheduled for October 16th, and the Advance report on durable goods for September from the Census Bureau and originally scheduled for October 27th…the week also saw the widely watched and regularly scheduled Case-Shiller Home Price Index for September , an index generated by averaging relative home sales prices from July, August and September against prices for the same homes that sold during prior three month periods and against a January 2000 baseline, and which reported that their national home price index for those 3 months averaged 1.3% higher than their price index generated by repeat home sales prices during the same 3 month period a...

Major agency reports released this past week included the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the August report on Construction Spending (pdf), the Full Report on Manufacturers’ Shipments, Inventories and Orders for August , and the September report on Wholesale Trade, Sales and Inventories , all from the Census Bureau from the Census Bureau…in addition, this week also saw the regularly scheduled Existing Home Sales Report for October from the National Association of Realtors (NAR), and the first three regional Fed manufacturing surveys for November: the Empire State Manufacturing Survey from the New York Fed, which covers all of New York state, a suburban NYC county in Connecticut, Puerto Rico and northern New Jersey, reported their headline general business conditions index rose from +10.7 in October to +18.7 in November, its fourth increase in five months, meanin...

Economic reports that had been scheduled for release last week included the October Consumer Price Index , the October Producer Price Index , and the October Import-Export Price Index , all from the Bureau of Labor Statistics, the Retail Sales Report for October and the associated Business Sales and Inventories Report for September , and the September report on Wholesale Trade, Sales and Inventories , all from the Census Bureau…Reports that will be released next week are those that were originally scheduled for the first nine days of October: the Employment Situation Summary for September from the Bureau of Labor Statistics, the August report on our International Trade from the Commerce Dept, and the August report on Construction Spending (pdf), and the Full Report on Manufacturers’ Shipments, Inventories and Orders for August , both from the Census Bureau…since work on those reports was already underway when the shutdown began, completing them shouldn’t pose a problem; however, thos...

Agency economic reports that were scheduled to be released this week but not completed due to the shutdown included the Employment Situation Summary for October and the Job Openings and Labor Turnover Survey (JOLTS) for September , both from the Bureau of Labor Statistics, and the three September reports that would typically be released during the first week of November; the Commerce Department’s report on our International Trade for September , the September report on Construction Spending (pdf) and the Full Report on Manufacturers’ Shipments, Inventories and Orders for September , both from the Census Bureau… The week did see the Consumer Credit Report for September from the Fed, which reports on non-real estate consumer borrowing, and which indicated consumer credit outstanding grew by a seasonally adjusted $13.1 billion in September, or at a 3.1% annual rate, as non-revolving credit grew at an 3.7% rate to $3,745.4 billion, while revolving credit outstanding grew at a 1.5% rat...

Major agency reports that were scheduled for release last week but not completed because of the government shutdown included the 1st estimate of 3rd quarter GDP and the September report on Personal Income and Spending , both from the Bureau of Economic Analysis, and the Advance report on durable goods for September and the September report on new home sales , both from the Census bureau…in addition, the Chicago Fed National Activity Index (CFNAI) for September , a weighted composite index of 85 different economic metrics, could not be completed because it uses source data from other agency reports which had not been completed…As of November 1st, the government has been shut down for a month, so we’ve now missed one each of the monthly agency reports ​that we’d normally see… the week did see the release of the last two regional Fed manufacturing surveys for October: the Richmond Fed Survey of Manufacturing Activity , covering an area that includes Virginia, Maryland, the Carolinas, ...

It appears that the only widely watched report scheduled for last week was the Existing Home Sales Report for September from the National Association of Realtors (NAR), as all the usual end of the month US agency reports are scheduled for next week (and will inevitably be delayed because the data gathering for them has been suspended since October 1st)….however, since the September Consumer Price Index was needed to compute the annual cost of living increase for Social Security, the Bureau of Labor Statistics did bring in a skeleton crew to get that report published, using data which had already been collected by Census Bureau field agents during September, so we also have that….In addition, the week also saw another regional Fed manufacturing survey for October: the Kansas City Fed manufacturing survey , covering western Missouri, Colorado, Kansas, Nebraska, Oklahoma, Wyoming and northern New Mexico, reported its broadest composite index rose to +6 in October, up from +4 in Septembe...