MBA Mortgage Applications (week ended 2/12/2021)
- Purchase Index week/week -6.0% . Previous weeks were -5.0%, +0.1%, -4.0%, 3.0%, +8.0%,-0.8%,-5.0%, +2.0%, -5.0%, 9.9%, +4.0%, +4.0%, 3.0%, and -1.0%
- Refinance Index week/week -5.0%. Previous weeks -4.0%, 11.0%, -5.5%, -5.0%, +20.0%, -6.0%, +4.0%, +1.0%, +2.0%, -5.0%, +3.8%, -2.0%, +1.0%, and +6.0%
- Composite Index week/week -5.1%. Previous weeks were -4.1%,8.1%, -4.1%, -1,9%, +16.7%,-4.2%, +0.8%. +1.1%, -1.2%, -0.6%, 5.0%, -0.3%, -0.5%, +3.8%, +1.7%, and -0.6%.
Source: MBA Details: https://www.mba.org/2021-press-releases/february/mortgage-applications-decrease-in-latest-mba-weekly-survey-x277401
PPI (January 2021)
- PPI-FD month/month 1.3%. Previous was 0.3%
- PPI-FD year/year 1.7%. Previous was 0.8%
- Ex-Food & Energy month/month 1.2%. Previous was 0.1%
- Ex-Food & Energy year/year 2.0%. Previous was +1.2%
- Ex-Food, Energy & Trade Services month/month 2.0%. Previous was 1.1%
- Ex-Food, Energy & Trade Services year/year 2.0%. Previous was +1.1%
This is inflation at the wholesale level.
Source: Bureau of Labor Statistics (BLS) Details: https://www.bls.gov/ppi/
Retail Sales (January 2021)
- Retail Sales month/month 5.3%. Previous was -0.1%
- Ex-Vehicles month/month 5.9%. Previous was -1.8%
- Ex-Vehicles & Gas month/month 6.1% Previous was -2.6%
Retail Sales is the largest component of 4th 2020 GDP. This data is seasonally adjusted but not inflation adjusted.
Source: Census Details:https://www.census.gov/retail/marts/www/marts_current.pdf
Redbook Chain Store Sales (week ended 2/3/2021)
- Chain Store Sales year/year +4.0%. Previous was 0.7%
- Chain Store Sales month/month -0.9%. Previous was -2.5%.
Source: Redbook Research Inc.
Industrial Production (November 2020)
- Industrial Production month/month +0.4%. Previous was +0.9%.
- Manufacturing Output month/month +0.8% . Previous was +1.1%
- Capacity Utilization Rate 73.3%. Previous was 73.0%
- Industrial Production year/year -5.5%
As pandemic concern lessens it will be necessary for the supply side to keep up with the demand side if inflation is to be contained.
Source: Federal Reserve Details: https://www.federalreserve.gov/releases/g17/current/g17.pdf
Business Inventories (December 2020)
- Inventories month/month +0.6%. Previous was +0.5%.
This is a component of 4th 2020 GDP.
Source: Census Details: https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf
Housing Market Index ( February 2021)
- Index 84. Previous was 83
This is based on a survey conducted by the National Association of Home Builders. The survey asks 1) how's business and 2) how do you think the economy in general is doing.
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