Personal Income and Outlays (September 2014) – Personal Income month/month +0.2%. Previous was +0.3% – Consumer Spending month/month -0.2%. Previous was +0.5% – PCE Price Index month/month +0.1%. Previous was -0.1% – Core PCE price index month/month +0.1%. Previous was +0.1% – Consumer Spending +1.4%. Previous was +1.4% – Core PCE price index year/year +1.5%.
October 2014
Personal Income and Outlays (September 2014) – Personal Income month/month +0.2%. Previous was +0.3% – Consumer Spending month/month -0.2%. Previous was +0.5% – PCE Price Index month/month +0.1%. Previous was -0.1% – Core PCE price index month/month +0.1%. Previous was +0.1% – Consumer Spending +1.4%. Previous was +1.4% – Core PCE price index year/year +1.5%.
GDP 3rdQ2014 First Estimate – Real GDP quarter/quarter seasonally adjusted/annualized 3.5%. Previous quarter was +4.6% – GDP price index quarter/quarter seasonally adjusted/annualized. +1.3%. Previous quarter was +2.1% This initial estimate has only 2 of 3 months data for all but the consumer spending and usually sees large adjustments. 3.5% growth is good but still a
MBA Applications (week ended 10/24/2014) – Purchase Index Week/Week -5.0%. Previous weeks were -5.0%, -1.0%, +2.0%, +0.0%, -0.3%, +5.0%, -3.0%, -2.0%, +3.0%, -0.4%, -1.0%, and -1.0%. – Refinance Index Week/Week -7.0%. Previous weeks were +23.0%, +11.0%, +5.0%, -0.3%, -7.0%, +10.0%, -11.0%, +1.0%, +3.0%, +3.0%, and -4.0%. – Composite Index Week/Week -6.6%. Previous weeks were +11.6%,
S&P Case-Shiller HPI (August 2014) – 20-city, seasonally adjusted month/month -0.1%. Previous was -0.5% – 20-city, not seasonally adjusted month/month +0.2%. Previous was +0.6% – 20-city, not seasonally adjusted year/year +5.6%. Previous was +6.7%. While flat home prices may cause trouble for folks in the real estate or mortgage business, they help make homes affordable.
S&P Case-Shiller HPI (August 2014) – 20-city, seasonally adjusted month/month -0.1%. Previous was -0.5% – 20-city, not seasonally adjusted month/month +0.2%. Previous was +0.6% – 20-city, not seasonally adjusted year/year +5.6%. Previous was +6.7%. While flat home prices may cause trouble for folks in the real estate or mortgage business, they help make homes affordable.
PMI Services Flash (October 2014) – Index Level 57.3. Previous was 58.0. Any value above 50 represents growth. Pending Home Sales Index (September 2014) – Pending Home Sales Index 105.0. Previous was 104.7 This represents existing homes in contract for sale. Dallas Federal Reserve Manufacturing Survey (October 2014) – Business Activity Index 10.5.
PMI Services Flash (October 2014) – Index Level 57.3. Previous was 58.0. Any value above 50 represents growth. Pending Home Sales Index (September 2014) – Pending Home Sales Index 105.0. Previous was 104.7 This represents existing homes in contract for sale. Dallas Federal Reserve Manufacturing Survey (October 2014) – Business Activity Index 10.5.
Jobless Claims (week ended 10/18/2014) – New Claims 283,000. Previous was 266,000 – 4-week Moving Average 281,000. Previous was 284,000. This is still low. Chicago Federal Reserve National Activity Index (September 2014) – Level 0.47. Previous was -0.25 – 3 Month Moving Average 0.25. Previous was 0.16. Both Employment and Production showed strength.
Jobless Claims (week ended 10/18/2014) – New Claims 283,000. Previous was 266,000 – 4-week Moving Average 281,000. Previous was 284,000. This is still low. Chicago Federal Reserve National Activity Index (September 2014) – Level 0.47. Previous was -0.25 – 3 Month Moving Average 0.25. Previous was 0.16. Both Employment and Production showed strength.
Existing Home Sales (September 2014) – Existing Home Sales (seasonally adjusted, annualized) 5,170,000. Previous was 5,050,000. – Existing Home Sales -year/year -1.7%. Most of the month/month gain is a recovery of the previous loss. ICSC-Goldman Store Sales (week ended 10/18/2014) – Store Sales week/week -0.3%. Previous was -0.7% – Store Sales year/year +2.1%. Previous
Jobless Claims (week ended 10/11/2014) – New Claims (seasonally adjusted) 264,000. Previous was 287,000 – New Claims totaled 271,590 an increase of 14,031 from the previous week – 4-week Moving Average 283,500. Industrial Production (September 2014) – Production month/month +1.0%. Previous was -0.2% – Capacity Utilization Rate 79.3%. Previous was 78.7% – Manufacturing month/month +0.5%.
PPI-FD (September 2014) This measures inflation at the wholesale level. PPI-FD month/month -0.1%. Previous was +0.0 PPI-FD year/year +1.6%. Previous was +1.8% PPI-FD less food & energy month/month 0.0%. Previous was +0.1% PPI-FD less food & energy year/year +1.8%. Previous was +1.6% PPI-FD less food, energy & trade services month/month -0.1%. Previous was +0.2% PPI-FD
ICSC-Goldman Store Sales (week ended 10/11/2014) – Store Sales week/week -0.7%. Previous was +0.1% – Store Sales year/year +3.8%. Previous was +3.9%. Redbook (week ended 10/11/2014) – Store Sales year/year +3.8%. Previous was +5.4%. NFIB Small Business Optimism Index (September 2014) – Optimism level 95.3. Previous was 96.1. This is a survey of
Import and Export Prices (September 2014) – Export Prices month/month -0.2%. Previous was -0.5% – Export Prices year/year -0.2%. Previous was +0.4% – Import Prices month/month -0.5%. Previous was -0.9% – Import Prices year/year -0.9%. Previous was -0.4%. I find most important the fact that import and export prices have declined year on year. Import
Jobless Claims (week ended 10/4/2014) – New Claims (seasonally adjusted) 287,000. Previous was 288,000 – New Claims (unadjusted) totaled 257,736 an increase of 30,056 the previous week. – 4-week Moving Average 287,750. Previous was 295,000 Wholesale Trade (August 2014) – Inventories month/month +0.7%. Previous was +0.3%, This is another case of the supply side
