Category Archives: Daily

April New and Existing Home Sales

 Sales Slip but Inventories of Existing Homes for Sale Remain Tight New Home Sales decreased by 11.4 percent in April to a 569,000 unit annual rate. Existing Home Sales fell by 2.3 percent in April to a 5,570,000 unit annual … Continue reading

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April Housing Starts, Industrial Production, May Empire State and NAHB

Builder Confidence High but Construction Eased in April, Industrial Production Up Housing Starts decreased in April by 2.6 percent to a 1,172,000 unit annual rate. Permits for new residential construction decreased by 2.5 percent to a 1,229,000 unit pace in … Continue reading

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April PPI, Import Prices, May UI Claims

Wholesale Inflation Warmer Than Expected in April The Producer Price Index for Final Demand increased by 0.5 percent in April. The Import Price Index also increased by 0.5 percent in April. Initial Claims for Unemployment Insurance eased by 2,000 for … Continue reading

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April U.S. Employment

April Payrolls Gain 211,000 after a Soft March Report, Unemployment Rate Drops to 4.4% Payroll Employment increased by 211,000 jobs in April. March payroll gains were revised down to 79K. The Unemployment Rate for April fell to 4.4 percent. Average … Continue reading

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April ISM MF Index, March Personal Income, Construction Spending

Indicators Support Stronger Outlook for Q2 GDP, Fed on Hold The ISM Manufacturing Index decreased to a still-positive 54.8 in April. U.S. Real Disposable Personal Income increased by 0.5 percent in March. The Personal Consumption Expenditure Price Index fell by … Continue reading

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2017Q1 GDP, March Employment Cost Index

First Quarter GDP was Weak, as Expected. We Look for Stronger Growth Later….if… Real Gross Domestic Product for 2017Q1 increased at a weak 0.7 percent annualized rate. Worker Compensation increased by 0.8 percent in March as labor markets tightened. The … Continue reading

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March Durable Goods, Advance Indicators, April UI Claims, Tax Reform

Lots of Moving Parts As Trump Administration Pushes Fiscal Agenda New Orders for Durable Goods increased by 0.7 percent in March, the third consecutive monthly gain. The Advance Estimate of International Trade in Goods showed a widening trade gap, dragging … Continue reading

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March Leading Indicators, Philly Fed, April UI Claims

 Indicators Still Positive for U.S. Economy The Conference Board’s Leading Economic Index for March increased by 0.4 percent. Initial Claims for Unemployment Insurance gained 10,000 for the week ending April 15, to hit 244,000. The Conference Board’s Leading Economic Index … Continue reading

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March Residential Construction, Industrial Production

Starts Rebalance After February Bump Housing Starts decreased in March by 6.8 percent to a 1,215,000 unit annual rate. Permits for new residential construction increased by 3.6 percent to a 1,260,000 unit pace in March. Industrial Production increased by 0.5 … Continue reading

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March U.S. Employment

Quirky Report Shows Weaker-than-Expected Payroll Gain Despite Other Strong Indicators Payroll Employment increased by only 98,000 jobs in March. The household survey surged by 472,000 jobs. The Unemployment Rate for March fell to 4.5 percent. Average Hourly Earnings increased by … Continue reading

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