Conference Board Consumer Confidence For March At 52.5
Conference Board consumer confidence came out at 52.5 vs. 50 consensus and 46 reading for February. Chart 1. Conference Board Consumer Confidence
Global Macro Perspectives
Conference Board consumer confidence came out at 52.5 vs. 50 consensus and 46 reading for February. Chart 1. Conference Board Consumer Confidence
Both 10 city and 20 composites rose 0.3% in January. Keeping in mind that this is 3 month rolling average. Chart 1. S&P/Case-Shiller Composite 10 Chart 2. S&P/Case-Shiller Composite 20
Personal income was flat in February vs. the +0.1 consensus and January reading of also +0.1%. Consumer spending for February came out at consensus of 0.3%; the prior reading was 0.5%. Anemic figures. Chart 1. U.S. Personal Income Chart 2. U.S. Consumer Spending
Initial jobless claims came out at 442.000. The consensus was at 450.000. Chart 1. U.S. Initial Jobless Claims
Durable good orders rose 0.5% in February vs. 1% consensus and 3% rise in January. Transportation taken out the figure was 0.9% vs. -0.6% in January. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
Existing home sales fell 0.6% to 5.02 million SAAR. Consensus was at 5.0 million. Chart 1. Existing Home Sales
CPI less food & energy came out at consensus of 0.1%. Chart 1. Consumer Price Index Less Food & Energy MoM
Initial jobless claims came out at 457.000. The consensus was at 460.000. Chart 1. U.S. Initial Jobless Claims
Inflation? I would say no till further notice. PPI fell to -0.6% in February vs. -0.2 consensus and 1.4% in January. Producer margins? Squeezed. Chart 1. U.S. Producer Price Index
U.S. industrial production rose 0.1% in February. The Consensus was at 0%, January reading at 0.9%. Capacity utilization rose from 72.6% in January to 72.7%; the consensus was at 72.4%. Chart 1. U.S. Industrial Production and Capacity Utilization