June 21, 2022

Existing Home Sales (May 2022)

- Annual Rate 5,410,000. Previous was 5,610,000

- Month over Month -3.4%. Year over Year -8.6%

Source:   National Association of Realtors®.  Details: https://www.nar.realtor/research-and-statistics/housing-statistics/existing-home-sales

 

June 17, 2022

Industrial Production  (May 2022)

- Industrial Production month/month +0.2%.    Previous was +1.4%.

- Manufacturing Output month/month -0.3% . Previous was  0.8%

- Capacity Utilization Rate        79.0%. Previous was 78.9

- Industrial Production year/year +5.8%

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

 

Leading Indicators (May 2022)

- month over month -0.4%, Previous was -0.4%

This is based on 10 forward looking indicators.

Source:  Conference Board  Details:  https://conference-board.org/data/bcicountry.cfm?cid=1

June 16, 2022

Initial Jobless Claims (week ended 6/11/2022)

- Initial Claims seasonally adjusted 229,000. Previous was 232,000

- Initial Claims,     unadjusted, totaled 2 04,461 in the week ending June 11, an increase of 17,695 (or 9.5 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  218,500. Previous was  215,750

Numbers below are for the week ended 5/28

Total receiving regular state UI increased by 1,639

Total receiving any UI decreased by 1,441

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

 

Housing Starts and Permits (May 2022)

- Starts - Annual Rate   1,549,000. Previous was 1,724,000

- Permits - Annual Rate   1,695,000. Previous was 1,823,000

A goal must be to keep starts above the 1.500,000 annual needed to accommodate expanded population and units lost. In addition we need 400,000 more starts per year to make up for 15 years of Starts less than 1,500,000.

SFR Starts were 1,051,000.

Source:  Census  Details:  https://www.census.gov/construction/nrc/pdf/newresconst.pdf

June 15, 2022

MBA Mortgage Applications (week ended (6/10/2022)

- Purchase Index week/week 8.1%, Previous weeks were 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, +1.0%, -3.0%., +1.0%, -2.0%, 1.0%, +9.0%, -2.0%, -10.0%, -1.0%, and -10.0%

- Refinance Index week/week 3.7%.  Previous weeks  were 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., -15.0%, -14.0%, -3.0%, +9.0%, +1.0%, -16.0%,  and -9.0%

- Composite Index week/week 6.6%.  Previous weeks were  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, -1.3%, -6.3%., -6.8%, -14.0%, -1.2%, 8.5%, -0.7%, -13.1%, -5.4%, -and 8.1%.

Source:  MBA, Details: https://www.mba.org/news-and-research/newsroom/news/2022/06/15/mortgage-applications-increase-in-latest-mba-weekly-survey

 

Retail Sales  (May 2022)

- Retail Sales month/month  -0.3%. Previous was +0.7%

- Ex-Vehicles month/month  +0.5%. Previous was +0.4%

- Ex-Vehicles & Gas month/month  0.1%   Previous was +0.8%

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

 

Import and Export Prices (March 2022)

- Import Prices month/month     0.6%. Previous was +0.4%

- Import Prices year/year    +11.7%. Previous was +12.5%

- Export Prices month/month   +18.9%. Previous was +18.3

- Export Prices year/year    +18.0%. Previous was +18.6%

 

Business Inventories (April 2022)

- Inventories month/month  +1.2%. Previous was +2.0%.

This is a component of 2ndQ 2022 GDP.

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

 

 

PPI (May 2022)

- PPI-FD month/month 0.8%. Previous was 0.4%

- PPI-FD year/year 10.8%. Previous was 11.5%

- Ex-Food & Energy month/month 0.7%. Previous was 1.1%

- Ex-Food & Energy year/year 9.7%. Previous was 10.0%

- Ex-Food, Energy & Trade Services month/month 0.5%. Previous was 0.4%

- Ex-Food, Energy & Trade Services year/year 6.8%. Previous was +7.1%

This is inflation at the wholesale level.

Source: Bureau of Labor Statistics (BLS) Details: https://www.bls.gov/ppi/

June 10, 2022

CPI (May2022)

- CPI month/month, seasonally adjusted +1.0%. Previous was 0.3%

- CPI year/year not seasonally adjusted   +8.6%. Previous was 8.3%.

- Ex-Food & Energy month/month, seasonally adjusted +0.6%. Previous was +0.6%

- Ex-Food & Energy not seasonally adjusted   year/year 6.0%. Previous was 6.2%

Source:  BLS  Details: https://www.bls.gov/news.release/cpi.toc.htm

 

Consumer Sentiment (June 2022)

- Index 50.1. Previous was 59.1.

This is usually a leading indicator of Consumer Spending.

 

June 9, 2022

Initial Jobless Claims (week ended 6/4/2022)

- Initial Claims seasonally adjusted 229,000. Previous was 202,000

- Initial Claims,     unadjusted,  totaled 184,604 in the week ending June 4, an increase of 1,008 (or 0.5 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  219,000. Previous was  207,000

Numbers below are for the week ended 5/21

Total receiving regular state UI decreased by 33,480

Total receiving any UI increased by 35,619

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

 

June 8, 2022

MBA Mortgage Applications (week ended (6/3/2022)

- Purchase Index week/week -7.1%, Previous weeks were -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, +1.0%, -3.0%., +1.0%, -2.0%, 1.0%, +9.0%, -2.0%, -10.0%, -1.0%, -10.0%, and +4.0%

- Refinance Index week/week -5.6%.  Previous weeks  were  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., -15.0%, -14.0%, -3.0%, +9.0%, +1.0%, -16.0%,  and -9.0%, -7.0%.

- Composite Index week/week -6.5%.  Previous weeks were  -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, -1.3%, -6.3%., -6.8%, -14.0%, -1.2%, 8.5%, -0.7%, -13.1%, -5.4%, -8.1%, and +4.0%

Source:  MBA, Details: https://www.mba.org/news-and-research/newsroom/news/2022/06/08/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Wholesale Inventories (April 2022) Preliminary

- month/month +2.2%.  Previous was +2.7%,

This is a component of 2ndQ2022 GDP 

 

June 7, 2022

Trade Deficit  (April 2022)

- Deficit $87.1 billion.  Previous was $107.7 billion.

This is a component of 2nd1stQ GDP.

Source:  BEA  Details:  https://www.bea.gov/data/intl-trade-investment/international-trade-goods-and-services

 

June 3, 2022

BLS Employment Situation Report (May 2022)

 Nonfarm Payrolls month/month  390,000.   Previous was 436,000

- Unemployment Rate  3.6%. Previous was  3.6%

- Private Payrolls - month/month 333,000.  Previous was   405,000

- Manufacturing Payrolls month/month  18,000. Previous was   61,000

- Labor Participation Rate    62.3 %. Previous was  62.2%

- Average Hourly Earnings month/month    0.3%. Previous was  0.3%

- Average Hourly Earnings year/year    5.2%. Previous was  5.5%

- Average Workweek        34.6 hours. Previous was  34.6 hours  

Revisions to December and January subtracted 22,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm