U.S. Construction Spending Rose 0.1% In June
U.S. construction spending rose 0.1% MoM in June vs. -0.5% consensus and 0.2% rise in May. On a year level we are at -7.9%. Chart 1. U.S. Construction Spending
Archive for the ‘U.S. Economic Data’ Category
ISM Manufacturing Index For July At 55.5
ISM Manufacturing Index was reported at 55.5 vs. prior reading of 56.2 and consensus of 54.5. Chart 1. ISM Manufacturing Index
ECRI Weekly Leading Index Down 10.7%
ECRI Weekly Leading Index is down 10.7%. Prior reading was at -10.5%. Chart 1. ECRI Weekly Leading Index
U.S. GDP Rose 2.4% in Q2 2010
U.S. GDP Rose 2.4% in Q2 2010. The consensus was at 2.6%, Q1 reading was at 2.7%. Another miss, but not a big one (jet). Chart 1. U.S. Real GDP & Percent Change
ATA For-Hire Truck Tonnage Index Falls For Two Consecutive Months
Another data point pointing to a slowdown…. From the press release: The American Trucking Associations’ advance seasonally adjusted (SA) For-Hire Truck Tonnage Index decreased 1.4 percent in June, although May’s reduction was revised from 0.6 percent to just 0.1 percent. May and June marked the first back-to-back contractions since March and April 2009. The latest […]
Mind The Gap
It remains to be seen whether the today’s U.S. GDP reading (for Q2) will flash slowdown, but no doubt remains that this quarter (Q3) will be ugly. Chart 1. Consumer Metrics Institute‘s Growth Index vs. Official Quarterly GDP Growth Rates
Initial Jobless Claims At 457.000; Down 11.000
Initial jobless claims were reported at 457.000. The consensus was at 460.000, last week revised reading was at 468.000. Again, stubbornly high…. Chart 1. U.S. Initial Jobless Claims
Durable Goods Orders Fell 1.0% In June
Durable good orders fell 1.0% in June vs. +1.0% consensus and -1.1% increase in May. Transportation taken out the figure was a decrease of 0.6% vs. 0.6% rise in May and +0.4% consensus. Big miss, with no appropriate market reaction. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
Conference Board Consumer Confidence For July At 50.4
Conference Board consumer confidence came out at 50.4 vs. 51.0 consensus and 54.3 reading for June. Chart 1. Conference Board Consumer Confidence
Chicago Fed National Activity Index For June At -0.63
Chicago Fed National Activity Index For June was reported at -0.63 vs. May reading of +0.28. Chicago Fed National Activity Index 3-month moving average was at -0.05. When the CFNAI three month moving average value moves below–0.70 following a period of economic expansion, there is an increasing likelihoodthat a recession has begun. Report. Led by deterioration in […]
Moody’s/Real National Commercial Property Index Rose 3.6% In May
Moody’s/Real National Commercial Property Index rose 3.6% in May and it is now running at -6.3% YoY. Chart 1. Moody’s/Real National Commercial Property Index
ECRI Weekly Leading Index Down 9.8%
We are just 0.2% shy of -10.0% critical level which has historically predicted recession with 100% accuracy. Chart 1. ECRI Weekly Leading Index
U.S. Consumer Price Index Fell 0.1 Percent In June
U.S. consumer price index fell 0.1% in June, right at the consensus. May reading was at -0.2%. Consumer price index fell less food & energy came out at 0.2%. The consensus was at 0.2%, May reading was at 0.1%. Again, no inflation in sight. Chart 1. Consumer Price Index
UOM/Reuters Consumer Sentiment For July At 66.5
Consumer sentiment for July came out at 66.5 vs. 75.0 consensus and 76.0 June reading. Another leading indicator rolling over. Chart 1. University of Michigan/Reuters Consumer Sentiment
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