December 19, 2022

Housing Market Index (December 2022)

- Index  31.  Previous was   33.

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.

December 15, 2022

Initial Jobless Claims (week ended 12/10/2022)

- Initial Claims seasonally adjusted 211,000. Previous was 231,000

- Initial Claims,  unadjusted, totaled 248,881 in the week ending December 10, a decrease of 39,095 (or -- 13.6 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  227,250. Previous was  230,250

Numbers below are for the week ended 11/26

Total receiving regular state UI increased by 299,208

Total receiving any benefits increased by 302,1069

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

 

Retail Sales  (November 2022)

- Retail Sales month/month  -0.6%. Previous was 1.3%

- Ex-Vehicles month/month  -0.2%. Previous was 1.2%

- Ex-Vehicles & Gas month/month  -0.2%   Previous was 0.8%

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  (November 2022)

- Industrial Production month/month -0.2%.    Previous was -0.1%.

- Manufacturing Output month/month -0.6% . Previous was  0.3%

- Capacity Utilization Rate        79.7%. Previous was 79.9

- Industrial Production year/year +2.5%

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

 

Business Inventories (October 2022)

- Inventories month/month  0.3%. Previous was 0.2%.

This is a component of 4thQ 2022 GDP.

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

December 14, 2022

MBA Mortgage Applications (week ended (12/9/2022)

- Purchase Index week/week 4.0%. Previous weeks were -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%, -0.8%, -1.4%, and 1.0%

- Refinance Index week/week 2.8%. Previous weeks were 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%, -2.8%, -5.4%, and 3.5%

- Composite Index week/week 3.2%. Previous weeks were  -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%, -7.9%, -1.2%, and -2.3%

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2022/12/14/mortgage-applications-increase-in-latest-mba-weekly-survey

 

Import and Export Prices (November 2022)

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

- Import Prices year/year    2.7%. Previous was +4.1%

- Export Prices month/month   -0.3%. Previous was -0.4%

- Export Prices year/year    6.3%. Previous was 6.9%

 

December 10, 2022

CPI (November 2022)

- CPI month/month, seasonally adjusted +0.1%. Previous was +0.4%

- CPI year/year not seasonally adjusted   +7.1%. Previous was 7.7%.

- Ex-Food & Energy month/month, seasonally adjusted +0.2%. Previous was +0.3%

- Ex-Food & Energy not seasonally adjusted   year/year 6.0%. Previous was 6.3%

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

 

December 9, 2022

PPI  (November2022)

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

- PPI-FD year/year         7.4%. Previous was 8.0%

- Ex-Food & Energy month/month    0.4%. Previous was 0.3%

- Ex-Food & Energy year/year      6.2%. Previous was 0.1%

- Ex-Food, Energy & Trade Services month/month    0.3%. Previous was 0.2%

- Ex-Food, Energy & Trade Services year/year    4.9%. Previous was 5.4%

This is inflation at the wholesale level.

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

 

 

Consumer Sentiment (December 2022)

- Index 59.1. Previous was 56.8

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/

 

Wholesale Inventories (October 2022) (Preliminary)

- Inventories 0.5%.  Previous was 0.6%

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

 

 

 

December 8, 2022

Initial Jobless Claims (week ended 12/3/2022)

- Initial Claims seasonally adjusted 230,000. Previous was 226,000

- Initial Claims,  unadjusted, totaled 286,436 in the week ending December 3, an increase of 87,113 (or 43.7 percent) from the previous week. 

- 4-Week Moving Average seasonally adjusted  230,000. Previous was  229,000

Numbers below are for the week ended 11/19

Total receiving regular state UI decreased by 79,919

Total receiving any benefits decreased by 83,896

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

December 7, 2022

MBA Mortgage Applications (week ended (12/2/2022)

- Purchase Index week/week -34.0%. Previous weeks were 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%, -0.8%, -1.4%, 1.0%, and -0.8%

- Refinance Index week/week 4.7%. Previous weeks were -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%, -2.8%, -5.4%, 3.5%, and 1.5%

- Composite Index week/week -1.9%. Previous weeks were  -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%, -7.9%, -1.2%, -2.3%, and 0.2%

Source: MBA.  https://www.mba.org/news-and-research/newsroom/news/2022/12/07/mortgage-applications-decrease-in-latest-mba-weekly-survey

 

Worker Productivity and Costs (3rdQ2022)

- Nonfarm Productivity - Annual Rate    0.8%. Previous was 0.3%

- Unit Labor Costs - Annual Rate    2.4%. Previous was 3.5%

Productivity is total Labor Cost/GDP.  

Source:  BLS   Details: https://www.bls.gov/news.release/prod2.nr0.htm

 

December 6, 2022

Trade Deficit  (October 2022)

- Deficit $78.2 billion.  Previous was $74.1 billion.

This is a component of 4thQ GDP.

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

 

December 5, 2022

PMI Composite Final  (November 2022)

- Composite Index       46.4

- Services Index       46.2

 

Factory Orders (October 2022)

- Month over Month 1.0%. Previous was 0.3%.

Source:  Census  Details:  https://www.census.gov/manufacturing/m3/prel/pdf/s-i-o.pdf

 

ISM Services Index (November 2022)

- Index 56.5.  Previous was 54.4

December 2, 2022

BLS Employment Situation Report (November 2022)

-  Nonfarm Payrolls month/month  263,000.   Previous was 284,000

- Unemployment Rate  3.7%. Previous was  3.5%

- Private Payrolls - month/month 221,000.  Previous was   248,000

- Manufacturing Payrolls month/month  34,000. Previous was   36,000

- Labor Participation Rate    62.1%. Previous was  62.3%

- Average Hourly Earnings month/month    0.6%. Previous was  0.5%

- Average Hourly Earnings year/year    5.1%. Previous was  4.9%

- Average Workweek        34.4 hours. Previous was  34.5 hours  

Revisions to  September and October subtracted 23,000 jobs.

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