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.