November 16, 2022

MBA Mortgage Applications (week ended (11/11/2022)

- Purchase Index week/week 4.4%. Previous weeks were 1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%,  -0.7%, -1.8%, -0.5%, -0.8%, -1.4%, 1.0%, -0.8%, -7.3%, 3.6%, and -4.3%.

- Refinance Index week/week -1.6. Previous weeks were 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%,-1.1%, -7.9%, -2.8%, -5.4%, 3.5%, 1.5%, 3.7%, -4.3%, and 2.2%.

- Composite Index week/week 2.7%. Previous weeks were -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2% , -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, -1.8%, -7.9%, -1.2%, -2.3%, 0.2%, 1.2%, -1.8%, and -6.3%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2022/11/16/mortgage-applications-increase-in-latest-mba-weekly-survey

 

Retail Sales  (October 2022)

- Retail Sales month/month  1.3%. Previous was 0.04%

- Ex-Vehicles month/month  1.3%. Previous was 0.1%

- Ex-Vehicles & Gas month/month  0.9%   Previous was 0.3%

Retail Sales is the largest component of 4thQ 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 (October 2022)

- Import Prices month/month     -0.2%. Previous was -1.1%

- Import Prices year/year    4.2%. Previous was +6.0%

- Export Prices month/month   -0.3%. Previous was -0.8%

- Export Prices year/year    5.9%. Previous was 9.5%

 

Industrial Production   (October 2022)

- Industrial Production month/month -0.1%.    Previous was 0.1%.

- Manufacturing Output month/month 0.1% . Previous was  0.2%

- Capacity Utilization Rate        79.9%. Previous was 80.1

- Industrial Production year/year +3.3%

Source:  Federal Reserve  https://www.federalreserve.gov/releases/g17/current/default.htm

 

Business Inventories (September 2022)

- Inventories month/month  0.4%. Previous was 0.8%.

This is a component of 3rdQ 2022 GDP.

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