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Category Archives: Daily
December International Trade, Q4 Productivity, January UI Claims
Positive December Trade Data Expected to Erase Negative on Q4 GDP The U.S. International Trade gap narrowed more than expected in December to -$38.5 billion. Nonfarm Productivity declined at a 2.0 percent annual rate in Q4 due to nonrepeating … Continue reading
January U.S. Employment, ISM Manufacturing Index, Dec. Construction
Limping Into 2013 as Fiscal Headwinds Increase The January Payroll Employment Survey showed a gain of 157,000 jobs, a bit below expectations. The Unemployment Rate for January increased to 7.9 percent, essentially unchanged for 5 months. Average Weekly Hours were … Continue reading
Posted in Daily, United States
Tagged alert, Construction, daily, employment, ISM, Manufacturing, unemployment
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2012Q4 GDP and Federal Reserve Policy Announcement
Q4 Real GDP Contracts Slightly, Monetary Policy Stays on Course Real Gross Domestic Product decreased slightly at a -0.1 percent annualized rate in 2012Q4. The drag came from inventories and Federal defense spending. Consumer spending, business fixed investment and residential … Continue reading
Dec. Durable Goods, Nov. House Prices, Jan. Consumer Confidence and TX Mf Index
Mixed Data Suggests Some Momentum Heading into Fiscal Drag December New Orders for Durable Goods gained 4.6 percent, led by military and commercial aircraft. The Case-Shiller 20-City Composite House Price Index for November gained 0.6 percent. The Conference Board’s Consumer … Continue reading
Posted in Daily, United States
Tagged alert, consumer confidence, daily, durable goods, FOMC, home prices
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December New Home Sales
Weather May Have Obscured Improving Trend New Home Sales for December decreased by 7.3 percent, to a 369,000 unit annual rate. The Months’ Supply of new homes increased in December to 4.9 months’ worth. The new home sales data … Continue reading
December Leading Indicators, January UI Claims, KC Fed
Data Buoys Equity Markets, Equity Markets Buoy Data The Leading Economic Index for December gained 0.5 percent as labor data normalized post-Sandy. Initial Claims for Unemployment Insurance fell by 5,000 for the week ending January 19 to hit 330,000. Favorable … Continue reading
December Existing Home Sales
The Economic Tug of War Existing Home Sales for December decreased by 1.0 percent, to a 5.9 million unit annual rate. The Median Sales Price of an existing home was up 11.5 percent from a year ago, according to the … Continue reading
Posted in Daily, United States
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December Retail Sales, Producer Prices, November Biz Inventories
Mixed Data at Year-End 2012 Suggests Tentative Growth December Retail Sales increased by 0.5 percent, boosted by autos, held back by gasoline. Ex-auto Retail Sales gained 0.3 percent as furniture sales increased by 1.4 percent. The Producer Price Index … Continue reading
Posted in Daily, United States
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November International Trade, JOLTS, December NFIB Survey
Trade, Jobs and Fiscal Tightening in a Gadgetized and Medicated Economy The U.S. International Trade gap widened in November to $48.7 billion as consumers bought gadgets. The JOLTS data for November shows stable hiring and separation rates for November. The … Continue reading
Posted in Daily, United States
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December U.S. Employment, Auto Sales, ISM Non-Manufacturing
Payroll job growth in December met expectations, up 155,000 for the month. The December unemployment rate was unchanged at 7.8 percent after an upward revision to the November rate. The good news in the report is that more workers working longer hours for more pay is at least a partial counterforce to the expected hit to real disposable income in the current quarter, coming as fiscal headwinds start to blow. Continue reading
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