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
Archive for the ‘U.S. Economic Data’ Category
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
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
Another Disappointment In U.S. Retail Sales
Retail sales fell 0.5% in June . The consensus was at -0.2%, May reading was a decrease of 1.2%. Autos taken out, the figure was a decrease of 0.1%; the consensus was at 0.0%; prior reading at -1.1%. Another disappointment and a confirmation of a economic slowdown coming in the second half of the year. Chart 1. U.S. […]
U.S. Trade Deficit Rose To $-42.3 Billion In May
U.S. trade balance for April was reported at $-42.3 billion vs. consensus of $-39 billion and April reading of $-40.3 billion. Chart 1. U.S. Trade Balance
ECRI Weekly Leading Index Down 8.3%
Well, we are just shy of critical level of -10.0% level despite improving initial jobless claims and equity market bounce. Chart 1. ECRI Weekly Leading Index
Initial Jobless Claims At 454.000; Down 21.000
Initial jobless claims were reported at 454.000. The consensus was at 465.000, last week revised reading was at 475.000. Chart 1. U.S. Initial Jobless Claims
ECRI Weekly Leading Index Growth At -7.7%
A reading of -10.% was historically 100% correct predictor of a recession. At todays level the track record is, if my memory serves right, 7 recession of 8 times reading this low. Chart 1. ECRI Weekly Leading Index
June Nonfarm Payrolls Reported At -125.000 / Unemployment Rate At 9.5%
Nonfarm payrolls fell 125.000 in June. The consensus was at -125.000, revised reading for May was an increase of 433.000. The unemployment was reported at 9.5% vs prior reading of 9.7% and consensus of 9.8%. Nothing special in the report, meaningful new hiring nowhere to be found. Chart 1. Nonfarm Payrolls & Unemployment Rate
U.S. Construction Spending Fell 0.2% In May
In May, U.S. construction spending fell 0.2% MoM vs. -0.5% consensus and 2.7% rise in April. On a year level we are at -8.0%. Economic recovery without construction recovering is not the real sustainable recovery. Chart 1. U.S. Construction Spending
U.S. Motor Vehicle Sales For June At 11.08 Million SAAR
U.S. total motor vehicle sales for June fell 0.56 million units to 11.08 million SAAR. Chart 1. U.S. Motor Vehicle Sales
Monster Employment Index Suggests Improving Job Conditions
I’ll stick with my guess that todays non-farm payrolls will disappoint. Charts 1. Monster Employment Index
Challenger Job-Cut Report For June At 39.358
Job losses kind of flat in the last three months. Chart 1. Challenger Job-Cut Report
Pending Home Sales Index Fell 30.0% In May
Pending home sales index fell 30.0% in May vs. rise of 6% in April. Again first home-buyer tax credit effect… Chart 1. Pending Home Sales Index