May 17, 2022

Retail Sales  (April 2022)

- Retail Sales month/month  +0.9%. Previous was +1.4%

- Ex-Vehicles month/month  +0.6%. Previous was +2.10.6%

- Ex-Vehicles & Gas month/month  1.0%   Previous was +1.2%

Retail Sales is the largest component of 2ndQ 2022 GDP.  This data is seasonally adjusted but not inflation adjusted.

Source:  Census  Details:  https://www.dol.gov/ui/data.pdf

 

Industrial Production  (April 2022)

- Industrial Production month/month +1.3%.    Previous was +0.9%.

- Manufacturing Output month/month +0.8% . Previous was  0.9%

- Capacity Utilization Rate        79.0%. Previous was 78.2

- Industrial Production year/year +14.1%

Source:  Federal Reserve  Details: https://www7.federalreserve.gov/releases/g1/current/g17.pdf 

 

Business Inventories (March 2022)

- Inventories month/month  +2.0%. Previous was +1.5%.

This is a component of 1stQ 2022 GDP.

Source:   Census   Details: https://www.census.gov/mtis/www/data/pdf/mtis_current.pdf

 

Housing Market Index (May 2022)

- Index  69.  Previous was   77.

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.