Tag Archives: Economic Alert

February International Trade, March Auto Sales and UI Claims

Trade Gap Narrows, Autos Sales Jump, Claims Fall, Life is Good The U.S. International Trade Gap narrowed to -$35.4 billion in February. Light Vehicle Sales accelerated to a 17.2 million unit annual rate in March. Initial Claims for Unemployment Insurance … Continue reading

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March ADP Jobs, ISM MF Index, February Construction Spending, January Case-Shiller HPI

Grab Bag of Economic Data Consistent with Moderate Growth Economy The March ADP Employment Report showed a moderate increase of 189,000 private-sector jobs. The ISM Manufacturing Index for March eased to a still-positive 51.5 percent. Construction Spending for February was … Continue reading

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February Income and Spending, Pending Home Sales

Consumers Spend Less, Save More…Preparing to Buy Houses? U.S. Personal Income increased by 0.4 percent in February, boosted by dividends. After accounting for inflation and taxes, Real Disposable Personal Income gained 0.2 percent. Real Personal Consumption Expenditures decreased by 0.1 … Continue reading

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February Home Sales and Consumer Prices

Breakout Month for New Home Sales Despite Bad Weather New Home Sales for February increased by 7.8 percent to an annual rate of 539,000 units. February Existing Home Sales gained2 percent, to a 4,880,000 unit annual rate. The Consumer Price … Continue reading

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February Residential Construction, Industrial Production

Housing Stops and Industrial Reduction February Housing Starts fell hard by 17.0 percent to an 897,000 unit annual rate. Permits for new residential construction increased in February by 3.0 percent to a 1,092,000 unit pace. The National Association of Home … Continue reading

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February Retail Sales, January Inventories, March UI Claims

Sales Disappoint Again, Weather Blamed, Gasoline Prices Up February Retail Sales fell by 0.6 percent; down for the third consecutive month. Ex-auto Retail Sales decreased by 0.1 percent even as gasoline sales increased. Business Inventories for January were unchanged for … Continue reading

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February U.S. Employment, January International Trade

Despite Bad Weather, Another Strong Month for Job Growth The February Payroll Employment Survey showed a stronger-than-expected gain of 295,000 payroll jobs. The Unemployment Rate for February fell to 5.5 percent. Average Weekly Hours for all employees were steady at … Continue reading

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February ISM Manufacturing, January Income and Construction Spending

Manufacturing Sector Still Expanding but Headwinds are Increasing The ISM Manufacturing Index for February decreased again to a still-positive 52.9 percent. January Personal Income increased by 0.3 percent for the second month in a row. January Personal Consumption Expenditures decreased … Continue reading

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January Residential Construction, Producer Prices, Industrial Production

Home Construction Snowed In, Producer Prices Falling, Production Warmed Up January Housing Starts fell by 2.0 percent to a 1,065,000 unit annual rate. Permits for new residential construction dipped in January by 0.7 percent to a 1,053,000 unit pace. The … Continue reading

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January Retail Sales, December Inventories, February UI Claims

Job Gains and Cheap Gasoline Were Not Enough to Spur Sales January Retail Sales decreased by 0.8 percent, as non-gasoline categories slumped. Ex-auto Retail Sales fell by 0.9 percent. Business Inventories for December were up by 0.1 percent. Initial Claims … Continue reading

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