(For October 2010) Housing Market Index for October was reported at 16 vs. 13 in September. Consensus was at 14. All components up, especially future component. What do you have if you don’t have hope….? Chart 1. NAHB / Wells Fargo Housing Market Index
Archive for October 18th, 2010
(For September 2010) U.S. industrial production fell 0.2% in September. The consensus was at 0.2%, August reading at 0.2%. Chart 1. U.S. Industrial Production Capacity utilization fell to 74.7% in from revised 74.8% in August (revised from 74.7%) and consensus of 74.8%. Chart 2. Capacity Utilization Bigger miss than suggested by ISM manufacturing.
Baltic dry index rose 2.4% last week; Capesize Index was up 6.6%; Panamax Index fell 6.2%; Supramax Index was down 1.9%; Handysize Index was down 3.8%. Capesizes still leading on iron ore demand from China. Strange that other vessel classes and not following… Chart 1. Baltic Dry Indexes Relative Performance Chart 2. Baltic Dry Index Chart […]
Important U.S. economic data: Prior Consensus Monday, October 18 Treasury International Capital Industrial Production 0.2% 0.2% Capacity Utilization Rate 74.7% 74.8% Housing Market Index Tuesday, October 19 ICSC-Goldman Store Sales Housing Starts 598.000 580.000 Redbook Wednesday, October 20 MBA Purchase Applications EIA Petroleum Status Report Beige Book Thursday, October 21 Jobless Claims 462.000 455.000 Leading […]