Initial Jobless Claims (week ended 2/9/2019)
- New Claims seasonally adjusted 239,000. Previous was 235,000
- New Claims unadjusted, totaled 242,257 a decrease of 12,079 from previous
- 4-week Moving Average 231,750. Previous was 225,000
PPI (January 2019)
- PI month/month -0.1%. Previous was -0.1%
- PPI core (less food & energy) month/month 0.3%. Previous was 0.0%
- PPI-FD less food, energy & trade services month/month +0.2%. Previous was 0.0%
Retail Sales (December 2018)
- Retail Sales month/month -1.2%. Previous was +0.1%
- Retail Sales less autos month/month -1.8%. Previous was +0.0%
- Less Autos & Gas month/month -1.4%. Previous was +0.5%
While some of the dip may have been due to the partial government shutdown this report shows weaker 4thQ GDP and certainly should stop any Fed hikes this year.
Business Inventories (November 2019)
- Inventories month/month -0.1%. Previous was +0.6%
Import and Export Prices (January 2019)
- Import Prices month/month -0.5%. Previous was -1.0%
- Export Prices month/month -0.6%. Previous was -0.6%
- Import Prices year/year -1.7%. Previous was -0.6%
- Export Prices year/year -0.2%. Previous was 1.1%
Excluding oil. import prices were -0.7%. Inflation - the enemy of borrowers and folks in the mortgage business is well contained.
Industrial Production (January 2019)
- Production month/month -0.6%. Previous was +0.1%
- Manufacturing month/month -0.9%. Previous was +0.8%
- Capacity Utilization Rate 78.2%. Previous was 78.8%
Consumer Sentiment (February 2019)
- Sentiment Index 95.5. Previous was 91.2
This is the survey index from the University of Michigan's Consumer Survey Center. It is supposed to be a measure of Consumer Spending in the next few months.
Empire State Manufacturing Survey (February 2019)
- General Business Conditions Index 8.8. Previous was 3.9
This is a survey of manufacturers in New York State.
Posted at 07:37 AM in Daily Macroeconomic Commentary | Permalink | Comments (0)
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