January 25, 2023

MBA Mortgage Applications (week ended (1/20/2022)

- Purchase Index week/week 3.4%. Previous weeks were  24.7%, -0.5%. , -12.0%, -0.1%, 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%, and -0.7%

- Refinance Index week/week 14.6%. Previous weeks were 34.2%, 5.1% , -4.4%, 6.0%, 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, and -1.2%.

- Composite Index week/week 7.0%. Previous weeks were  27.9%,1.2%., -10.3%, 0.9%, 3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2%, -3.7%, +3.8%, -4.2%, 0.8%, and -3.7%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2023/01/25/mortgage-applications-increase-in-latest-mba-weekly-survey

January 18, 2023

MBA Mortgage Applications (week ended (1/13/2022)

- Purchase Index week/week 24.7%. Previous weeks were -0.5%. , -12.0%, -0.1%, 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%, -0.7%, and -1.8%.

- Refinance Index week/week 34.2%. Previous weeks were 5.1% , -4.4%, 6.0%, 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%, and -1.1%

- Composite Index week/week 27.9%. Previous weeks were  1.2%., -10.3%, 0.9%, 3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2%, -3.7%, +3.8%, -4.2%, 0.8%, and -3.7%, and -1.8%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2023/01/18/mortgage-applications-increase-in-latest-mba-weekly-survey

 

PPI  (December 2022)

- PPI-FD month/month   -0.5%. Previous was 0.3%

- PPI-FD year/year         6.2%. Previous was 7.4.0%

- Ex-Food & Energy month/month    0.1%. Previous was 0.4%

- Ex-Food & Energy year/year      5.5%. Previous was 6.2%

- Ex-Food, Energy & Trade Services month/month    0.1%. Previous was 0.3%

- Ex-Food, Energy & Trade Services year/year    4.6%. Previous was 4.9%

This is inflation at the wholesale level.

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

 

Retail Sales  (December 2022)

- Retail Sales month/month  -1.1%. Previous was -1.0%

- Ex-Vehicles month/month  -1.1%. Previous was -0.6%

- Ex-Vehicles & Gas month/month  -0.7%   Previous was -0.5%

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

 

Industrial Production  (December 2022)

- Industrial Production month/month -0.7%.    Previous was -0.6%.

- Manufacturing Output month/month -1.3% . Previous was  -1.1%

- Capacity Utilization Rate     78.8%. Previous was 79.7%

- Industrial Production year/year +1.6%

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

 

January 13, 2023

Import and Export Prices (December 2022)

- Import Prices month/month     0.4%. Previous was -0.7%

- Import Prices year/year   3.5%. Previous was 2.7%

- Export Prices month/month   -2.6%. Previous was -0.4%

- Export Prices year/year    5.0%. Previous was 6.3%

 

Consumer Sentiment (January 2023)

- Index 64.6. Previous was 59.7

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/

 

January 12, 2023

CPI (December 2022)

- CPI month/month, seasonally adjusted 0.1%. Previous was +0.0%

- CPI year/year not seasonally adjusted   +6.5%. Previous was 6.6%.

- Ex-Food & Energy month/month, seasonally adjusted +0.3%. Previous was +0.3%

- Ex-Food & Energy not seasonally adjusted   year/year 5.7%. Previous was 6.0%

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

January 11, 2023

MBA Mortgage Applications (week ended (1/6/2022)

- Purchase Index week/week -0.5%. Previous weeks were -12.0%, -0.1%, 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%, -0.7%, -1.8%, and -0.5%

- Refinance Index week/week 5.1%. Previous weeks were -4.4%, 6.0%, 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%, -1.1%, and -7.9%

- Composite Index week/week 1.2%. Previous weeks were  -10.3%, 0.9%, 3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2%, -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, and -1.8%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2023/01/11/mortgage-applications-increase-in-latest-mba-weekly-survey

January 10, 2023

Wholesale Inventories (November 2022) (Preliminary)

- Inventories 0.5%.  Previous was 1.0%

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

January 5, 2023

Challenger Job-Cut Report  (November 2022)

- Level 43,651.  Previous was  78,835

ADP Private Jobs  (December 2022)

- Private Jobs  235,000. Previous was 182,000

 

Trade Deficit  (November 2022)

- Deficit $61.5 billion.  Previous was $77.8 billion.

This is a component of 4thQ GDP.

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

 

Initial Jobless Claims (week ended 12/31/2022)

- Initial Claims seasonally adjusted 204,000. Previous was 223,000

- Initial Claims,  unadjusted, totaled 275,552 in the week ending December 31, an increase of 5,703 (or 2.1 percent) from the previous week

- 4-Week Moving Average seasonally adjusted  213,0750. Previous was  220,500

Numbers below are for the week ended 12/17

Total receiving regular state UI increased by 90,369 

Total receiving any benefits increased by 91,461

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

 

PMI Composite Final  (December 2022)

- Composite Index    44.7

- Services Index       45.0

January 4, 2023

MBA Mortgage Applications (week ended (12/30/2022)

- Purchase Index week/week -12.0%. Previous weeks were -0.1%, 4.0%,-3.4, 3.8%, 1.8%, 4.4%,1.3%, -0.8%, 2.3%, -3.7%, -2.1%, -12.6%, -0.4%, +1.0%, +0.2%,  -0.7%, -1.8%, -0.5%, and -0.8%.

- Refinance Index week/week -4.4%. Previous weeks were 6.0%, 2.8%, 4.7%, -12.9, 1.8%, -1.6%, 3.5%, 0.2%, 0.0%, -6.9%, -1.8%, -17.8%, -10.9%, +10.4%, -1.2%,-1.1%, -7.9%, and -2.8%.

- Composite Index week/week -10.3%. Previous weeks were  0.9%, 3.2%, -1.9%, -0.8%, 2.2%, 2.7%, -0.1%, -0.5%, -1.7%, -4.5%, -2.0%, -14.2% , -3.7%, +3.8%, -4.2%, 0.8%, -3.7%, -1.8%, and -7.9%.

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2023/01/04/mortgage-applications-decreased-over-a-two-week-period-in-latest-mba-weekly-survey

 

ISM Manufacturing Index  (December 2022)

- Index 48.4. Previous was 49.0.

Source:  Institute for Supply Management

 

JOLTS  (November 2022)

- Job Openings 10,458,000.  Previous was 10,334,000.

Source:  BLS  Details: https://www.bls.gov/news.release/pdf/jolts.pdf

 

January 3, 2023

PMI Manufacturing Final (December 2022)

- Index 46.2

A survey index from the supply side.

Source:  Markit Economics

 

Construction Spending  (November  2022)

- Month over month 0.2%. Previous was -0.2%

- Year over Year 8.5%. Previous was 9.7%.

Source:  Census  Details: https://www.census.gov/construction/c30/pdf/release.pdf