U.S. Natural Gas Weekly – July 15, 2010
Working gas in storage rose 78 Bcf from previous week. Right at the consensus; price jumped 6%. Confused. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average
Archive for July 15th, 2010
Philadelphia FED General Business Conditions Index Falls To 5.1
Another disappointment of the day: Philadelphia FED General Business Conditions Index fell to 5.1. The consensus was at 12.0, prior reading at 8.0. Chart 1. Philadelphia Fed Survey – General Business Conditions Index
Empire State Manufacturing Survey For July At 5.08
Empire State Manufacturing Survey for July came out at 5.08 vs. 18.0 consensus and 19.57 prior reading. Big disappointment. Chart 1. Empire State Manufacturing Survey
U.S. Industrial Production Rose 0.1% In June
U.S. industrial production rose 0.1% in June. The consensus was at -0.2%, May reading at 1.2%. Capacity utilization fell, for the first time since the recovery started, to 74.1% in May it was at 74.7%; the consensus was at 74.0%. Chart 1. U.S. Industrial Production and Capacity Utilization
U.S. Producer Price Index Down 0.5% In June
U.S. producer price index fell 0.5% in June vs. -0.1% consensus and 0.3% fall in May. Food & energy taken out U.S. producer price index rose 0.1% in June. The consensus was at 0.1%, prior reading at 0.2%. Chart 1. U.S. Producer Price Indexes
Baltic Dry Index At 1700, Down 0.5%
Down only 0.5%. Chart 1. Baltic Dry Index
Initial Jobless Claims At 429.000; Down 29.000
Initial jobless claims were reported at 429.000. The consensus was at 445.000, last week revised reading was at 458.000. Lowest reading since July 2008. Chart 1. U.S. Initial Jobless Claims
China Growth Slowing Down
China Q2 GDP growth was reported at 10.3%, slowing down from Q1 growth rate of 11.9%. The slowdown came despite exports were stronger in Q2, meaning internal demand has weakened. Chart 1. China GDP Quarterly Growth¸ Urban fixed assets investments growth rate also slowed down to 23.5%. The May reading was at 25.9%. Chart 2. Fixed Assets Investment Inflationary pressures […]