Inflation Remains well Contained.

Consumer Price Index (October 2014)

- CPI month/month +0.0%. Previous was +0.1%
- CPI year/year +1.7%. Previous was  +1.7%
- CPI core (less food & energy) month/month +0.2%. Previous was +0.1%
- CPI core (less food & energy) year/year  +1.8%. Previous was +1.7%.

 

Jobless Claims (week ended 11/15/2014)

- New Claims (seasonally adjusted)  291,000. Previous was +293,000
- New Claims  unadjusted were 285,263 a decrease of 24,075 from the previous week
- 4-week Moving Average (seasonally adjusted) 287,500. Previous was 285,000.

 

PMI Manufacturing Index Flash (November 2014)

- Index level 54.7. Previous was 56.2.

 

Philadelphia Federal Survey (November 2014)

- General Business Conditions Index 40.8. Previous was 20.7.

 

Existing Home Sales (October 2014)

Existing Home Sales seasonally adjusted, annualized 5,260,000. Previous was 5,180,000.

 

Leading Indicators (October 2014)

- Leading Indicators +0.9%. Previous was +0.8%.
 

Housing Starts down. Purchase Applications Spike.

MBA Purchase Applications (week ended 11/14/2014) – Purchase Index Week/Week +12.0%. Previous weeks were +1.0%, +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, +5.0%, -3.0%, -2.0%, and +3.0%. – Refinance Index Week/Week -6.0%. Previous weeks were -11.0% -6.0%, -7.0%, +23.0%, +11.0%, +5.0%, -0.3%, -7.0%, +10.0%, -11.0%, and +1.0%. – Composite Index Week/Week +4.9%. Previous weeks were […]

 

Wholesale Prices up Slightly.

PPI-FD (October 2014) – PPI-FD month/month +0.2%. Previous was -0.1% – PPI-FD year/year   +1.5%. Previous was +1.6% – PPI-FD core (less food & energy) month/month +0.1%. Previous was +0.0% – PPI-FD core (less food & energy)   +1.7%. Previous was +1.8% – PPI-FD less food, energy & trade services year/year  +1.6%. Previous was +1.7% – PPI-FD […]

 

Manufacturing up Slightly.

Industrial Production  (October 2014) – Production month/month  -0.1%. Previous was +0.8% – Capacity Utilization Rate  78.9%. Previous was 79.2% – Manufacturing month/month +0.2%. Previous was +0.2%. With IP net down and Manufacturing up this is net neutral.  IP includes utility production which is weather dependent.   Empire State Manufacturing Survey (November 2014) – General Business […]

 

Import/Export Prices Continue Lower.

Retail Sales (October 2014) – Retail Sales month/month  +0.3%. Previous -0.3%. – Retail Sales less autos  month/month +0.3%. Previous  -0.2%. – Less Autos & Gas  month/month -0.6%. Previous +0.1%. Import and Export Prices (October 2014) – Export Prices month/month  -1.0%. Previous was -0.4% – Export Prices year/year  -0.8%. Previous was -0.2%. – Import Prices month/month […]

 

Jobs Market Still Healthy.

Jobless Claims (week ended 11/8/2014) – New Claims (seasonally adjusted)  290,000. Previous was 278,000 – New Claims unadjusted, totaled 306,889 an increase of 39,968 from the previous week – 4-week Moving Average 285,000. Previous was 279,000. Initial Claims are still low. JOLTS (September 2014) – Job Openings  4,735,000. Previous was 4,853,000. Despite the month/month downturn […]

 

Purchase Applications -11.0% from a Year ago.

MBA Purchase Applications (week ended 11/7/2014) – Purchase Index Week/Week +1.0%. Previous weeks were +3.0%, -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, +5.0%, -3.0%, -2.0%, +3.0%, and -0.4%. – Refinance Index Week/Week -1100%. Previous weeks were -6.0%, -7.0%, +23.0%, +11.0%, +5.0%, -0.3%, -7.0%, +10.0%, -11.0%, +1.0%, and +3.0%. – Composite Index Week/Week -0.9%. Previous weeks were […]

 

Some Encouraging Signs in BLS.

BLS Employment Situation Report (October 2014) – Labor Participation Rate 62.8%. Previous was 62.7%. – Nonfarm Payrolls month/month  214,000. Previous was 256,000 – Part-time Jobs -76,000 – Unemployment Rate  5.8%. Previous was 5.9% – Average Hourly Earnings month/month +0.1%. Previous was +0.0% – Average Workweek   34.6 Hours. Previous was 34.5 Hours. This is a modestly […]

 

Jobless Claims low but Payroll/Population down.

Jobless Claims (week ended 11/1/2014) – New Claims 278,000. Previous was 288,000 – 4-week Moving Average  279,000. Previous was 281,250.   Challenger Job-Cut Report (October 2014) – Announced Layoffs  51,183. Previous was 30,477.   Gallup US Payroll to Population (October 2014) – Payroll to Population Ratio 44.4%. Previous was 44.8%. This is akin to the […]

 

Flat Fundamentals.

MBA Purchase Applications (week ended 10/31/2014) – Purchase Index Week/Week +3.0%. Previous weeks were -5.0%, -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, +5.0%, -3.0%, -2.0%, +3.0%, -0.4%, and -1.0%. – Refinance Index Week/Week -6.0%. Previous weeks were -7.0%, +23.0%, +11.0%, +5.0%, -0.3%, -7.0%, +10.0%, -11.0%, +1.0%, +3.0%, and +3.0%. – Composite Index Week/Week -2.6%. Previous weeks were […]

 
 
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