July 29, 2022

Personal Income and Outlays (June 2022)

- Personal Income month/month   0.6%. Previous was 0.6%

- Personal Consumption Expenditures month/month  1.1%. Previous was 0.6%

- PCE Price Index month/month    1.0%    %. Previous was 0.6%    

- PCE Price Index year/year   6.8%. Previous was 6.3%

- Core PCE Price Index month/month    0.6%. Previous was  0.3%

- Core PCE Price Index year/year  4.8%. Previous was 4.7%

Source:  BEA  Details: https://www.bea.gov/news/2022/personal-income-and-outlays-june-2022

 

Employment Cost Index 2ndQ 2022

- Quarter over Quarter    1.3%. Previous was 1.4%

- Year over Year        5.1%.  Previous was 4.5%

 

Chicago PMI (June 2022)

- Index 52.1. Previous was 56.0

Consumer Sentiment (Julu 2022)

- Index 51.5. Previous was 51.3.

This is supposed to measure consumers stated views as to spending in the next 3 months.

Source: University of Michigan's Consumer Survey Center     Details:  http://www.sca.isr.umich.edu

 

July 28, 2022

GDP  (2ndQ 2022)

- Quarter over Quarter - annualized   -0.9%.  1stQ was -1.6%

- Personal Consumption Expenditures - annualized    +1.0%. Previous was +1.8%

Details: https://www.bea.gov/data/gdp/gross-domestic-product

 

Initial Jobless Claims (week ended 7/23/2022)

- Initial Claims seasonally adjusted 256,000. Previous was 261,000

- Initial Claims,   unadjusted, totaled 216,496 in the week ending July 23, a decrease of 42,417 (or 16.4 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  249,250. Previous was  243,000

Numbers below are for the week ended 7/9

Total receiving regular state UI increased by 122,465 

Total receiving any UI increased by 123,430

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

July 27, 2022

MBA Mortgage Applications (week ended (7/22//2022)

- Purchase Index week/week -0.8%. Previous weeks were -7.3%, 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, +1.0%, -3.0%., +1.0%, and -2.0%

- Refinance Index week/week -3.7%.  Previous weeks  were -4.3%, 2.2%, -7.7%, +1.9% , -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., and -15.0%

- Composite Index week/week -1.8%. Previous weeks were -6.3%, -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, -1.3%, -6.3%., -6.8%, and -14.0%

Source:  MBA. Details: https://www.mba.org/news-and-research/newsroom/news/2022/07/27/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Durable Goods Orders (June 2022)

- New Orders month/month        1.9%. Previous was 0.8%

- Ex-Transportation month/month    0.3%. Previous was 0.6%

- Core Capital Goods month/month    0.5%. Previous was 0.5%

Source:  Census  Details:  https://www.census.gov/economic-indicators/#durable_goods

 

Goods Trade Deficit (June 2022) - Advance

- Deficit $98.2 billion.  Previous was $104.0 billion

This is a component of 2ndQ GDP.

 

Retail Inventories (June 2022) - Advance

- Month over Month 2.0%. Previous was 1.6%

This is a component of 2ndQ GDP

Source:  Census  Details: https://www.census.gov/retail/index.html

 

Wholesale Inventories   (April 2022) - Advance

- Inventories 1.9%.  Previous was +2.0%

Source:  Census  Details:  https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf

 

Pending Home Sales Index  (June 2022)

- Month over Month -8.6%. Previous was+0.4%.

This accounts only for Existing Home Sales.

Source: National Association of Realtors https://www.nar.realtor/infographics/pending-home-sales-snapshot

 

July 26, 2022

Case-Shiller House Price Index (May 2022)

- 20-City Adjusted month/month    1.3%. Previous was 1.7%

- 20-City Unadjusted month/month   1.5%. Previous was 2.2%

- 20-City Unadjusted year/year        20.5%. Previous was 21.2%

Source: Core Logic

 

FHFA House Price Index  (May 2022)

- month/month 1.4%. Previous was 1.6%

- year/year +18.3%. Previous was +18.8%

Source:  FHFA  Details:  https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-HPI-Up-1pt4-Percent-in-May-Up-18pt3-Percent-from-Last-Year.aspx

 

Consumer Confidence  (July 2022)

- Index 95.7. Previous was 98.4.

 

New Home Sales (June 2022)

- Annual Rate 590,000. Previous was 642,000

Data is seasonally adjusted and annualized.

Source:  Census  https://www.census.gov/construction/nrs/pdf/newressales.pdf

 

July 21, 2022

Initial Jobless Claims (week ended 7/16/2022)

- Initial Claims seasonally adjusted 251,000. Previous was 244,000

- Initial Claims,   unadjusted, totaled 248,991 in the week ending July 16, an increase of 7,853 (or 3.3 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  240,500. Previous was  235,750

Numbers below are for the week ended 6/25

Total receiving regular state UI decreased by 47,074 

Total receiving any UI decreased by 47,842

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

 

Leading Indicators (June 2022)

- month over month -0.8%, Previous was -0.6%

This is based on 10 forward looking indicators.

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

July 20, 2022

MBA Mortgage Applications (week ended (7/15//2022)

- Purchase Index week/week -7.3%. Previous weeks were 3.6%, -4.3%, +0.1% , +7.9%, 8.1%, 7.1%, -0.6%, +0.2%., -11.9%, +4.8%, 4.1%, -8% , -3.0%, +1.0%, -3.0%., +1.0%, -2.0%, and 1.0%.

- Refinance Index week/week -4.3%.  Previous weeks  were 2.2%, -7.7%, +1.9% , -3.1%, 3.7%, 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., -15.0%, and -14.0%

- Composite Index week/week -6.3%. Previous weeks were -1.7%, -5.4%, +0.7% , +4.2%, 6.6%,  -6.5%, -2.3%, -1.2% , -11.0%, +2.0%, 2.5%, -8.3%, -5.0%, -1.3%, -6.3%., -6.8%, -14.0%, and -1.2%.

Source:  MBA. Details: https://www.mba.org/news-and-research/newsroom/news/2022/07/20/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Existing Home Sales (June 2022)

- Annual Rate 5,120,000. Previous was 5,410,000

- Month over Month -5.4%. Year over Year -3.4%

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

 

 

July 15, 2022

Retail Sales  (June 2022)

- Retail Sales month/month  1.0%. Previous was -0.1%

- Ex-Vehicles month/month  1.0%. Previous was +0.6%

- Ex-Vehicles & Gas month/month  0.7%   Previous was -0.1%

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 (June 2022)

- Import Prices month/month     0.2%. Previous was +0.5%

- Import Prices year/year    +10.7%. Previous was +11.6%

- Export Prices month/month   +0.7%. Previous was +2.9%

- Export Prices year/year    +18.2%. Previous was +18.7%

 

Industrial Production  (June 2022)

- Industrial Production month/month -0.2%.    Previous was +0.0%.

- Manufacturing Output month/month -0.5% . Previous was  -0.5%

- Capacity Utilization Rate        80.0%. Previous was 80.3

- Industrial Production year/year +4.2%

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

 

Consumer Sentiment (July 2022)

- Index 51.5. Previous was 50.0

This is supposed to measure consumers stated views as to spending in the next 3 months.

Source: University of Michigan's Consumer Survey Center     Details:  http://www.sca.isr.umich.edu

July 14, 2022

Initial Jobless Claims (week ended 7/9/2022)

- Initial Claims seasonally adjusted 244,00. Previous was 235,000

- Initial Claims,   unadjusted, totaled 241,314 in the week ending July 9, an increase of 21,384 (or 9.7 percent) from the previous week.

- 4-Week Moving Average seasonally adjusted  235,750. Previous was  232,500

Numbers below are for the week ended 6/25

Total receiving regular state UI increased by 72,968 

Total receiving any UI increased by 72,504 

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

 

PPI  (May 2022)

- PPI-FD month/month    1.1%. Previous was 0.8%

- PPI-FD year/year        11.3%. Previous was 10.8%

- Ex-Food & Energy month/month    0.4%. Previous was 0.7%- Ex-Food & Energy year/year       8.2%. Previous was 9.7%

- Ex-Food, Energy & Trade Services month/month    0.3%. Previous was 0.5%

- Ex-Food, Energy & Trade Services year/year    6.4%. Previous was +6.8%

This is inflation at the wholesale level.

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

July 13, 2022

MBA Mortgage Applications (week ended (7/8//2022)

- Purchase Index week/week -3.6%. Previous weeks were -4.3%, +0.1% , +7.9%, 8.1%, 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%, and +9.0%

- Refinance Index week/week 2.2%.  Previous weeks  were -7.7%, +1.9% , -3.1%, 3.7%. 5.6%,  -5.4%, -3.9%, +0.2%., -9.5%,  2.0%,  0.2%, -9%, -8%, -5.0%, -10.0%., -15.0%, -14.0%, and -3.0%

- Composite Index week/week -1.7%. Previous weeks were -5.4%, +0.7% , +4.2%, 6.6%,  -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%, and 8.5%

Source:  MBA. Details: https://www.mba.org/news-and-research/newsroom/news/2022/07/13/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

CPI (June 2022)

- CPI month/month, seasonally adjusted +1.3%. Previous was 1.0%

- CPI year/year not seasonally adjusted   +9.1%. Previous was 8.8%.

- Ex-Food & Energy month/month, seasonally adjusted +0.7%. Previous was +0.6%

- Ex-Food & Energy not seasonally adjusted   year/year 5.9%. Previous was 6.0%

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

July 12, 2022

NFIB Small Business Optimism Index (June 2022)

- Index    89.5.  Previous was 92.9. 

This is a survey index from National Federation of Independent Business (NFIB) of its members. This is important because it is small businesses which create most jobs.