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Tag Archives: MarketWatch 666

March New Home Sales Reported 8.6% Lower on Record Prices

RJS, MarketWatch 666 Summary: New Home Sales Reported 8.6% Lower on Record Prices in March, after Prior Months Sales Revised Much Higher The Census report on New Residential Sales for March (pdf) estimated that new single family homes were selling at a seasonally adjusted annual rate of 763,000 homes during the month, which was 8.6 percent (±12.9 percent)* below the revised February annual sales rate of 835,000, and 12.6 percent (±11.3 percent)...

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GDP Shrunk, Record Trade Deficit, and Slower Growth of Inventories

RJS, MarketWatch 666 1st Quarter GDP Shrunk at a 1.4% Rate on a Record Trade Deficit and Slower Growth of Inventories Our economy shrunk at a 1.4% rate in the 1st quarter, the first GDP reversal since the first quarter of 2020, as increased personal consumption of services and greater fixed investment were more than offset by weaker investment in inventories and a record trade deficit, which subtracted over 3 percent from GDP . . ....

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March Industrial Production Rose 0.9% to Highest on Record

RJS; MarketWatch 666 Summary: March industrial production: G17 release on Industrial production and Capacity Utilization for March indicates industrial production rose 0.9% in March after rising by a revised 0,9% in February and a revised 1.0% in January, which left production 5.5% higher than a year ago. Industrial Production Rose 0.9% to Highest on Record in March The Fed’s G17 release on Industrial Production and Capacity Utilization for...

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PPI, Goods, and Services Up. Record Highs . . .

RJS, MarketWatch 666 Summary: Producer Prices Rose 1.4% in March, Annual Increase at 11.2%, with Goods Up 15.7%, Services Up 8.7%, All Record Highs The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.4% in March, as average prices for finished wholesale goods rose by 2.3% and final demand for services rose 0.9% . . . that increase followed a revised 0.9% increase in February, when average prices for finished wholesale...

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US Trade Deficit Goods and Services – February

RJS, MarketWatch 666, Summary: US Trade Deficit Virtually Unchanged in February, Near Record High US trade deficit ticked lower February, as both our exports and imports increased, but the value of our exports rose slightly more than the value of our imports did . . . the Commerce Department report on our international trade in goods and services for February indicated that our seasonally adjusted goods and services trade deficit fell by...

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4th Quarter GDP Lower and PCE

RJS, MarketWatch 666 4th Quarter GDP Grew at a 6.9% Rate, Revised from a 7.0% Rate, as PCE Revised Lower The Third Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.9% rate in the quarter, revised from the 7.0% growth rate reported in the second estimate last month, as a steep downward revision to personal consumption expenditures more than offset a big upward...

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New Orders Down 2.2%, Shipments Flat, Inventory Up 0.4%

RJS, MarketWatch 666 “February” Durable Goods: New Orders Down 2.2%, Shipments Flat, Inventories Up 0.4% The “Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February” (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $6.0 billion or 2.2 percent to $271.5 billion in February, the first decrease in five months, after January’s...

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February Retail Sales Up, January Sales Revised Higher

RJS, MarketWatch 666 Retail Sales Rose 0.3 % in February After January’s Sales were Revised 1.0% Higher Seasonally adjusted retail sales increased 0.3% in February after retail sales for January were revised 1.0% higher . . . the Advance Retail Sales Report for February (above) from the Census Bureau estimated our seasonally adjusted retail and food services sales totaled $658.1 billion during the month, which was 0.3 percent (±0.5%)*...

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February CPI, Higher Prices for Food and Fuel, etc., Annual Inflation Up

RJS; MarketWatch 666, Covered here is everything having a major price change. This includes the 2.4% increase in the price index for men’s underwear, the 3.8% increase in the price index for women’s underwear, and also prices for what are now more than 40 items having a double-digit year over year increase. CPI Rose 0.8% in February on Higher Prices for Food, Fuel, Clothing, Appliances, Rent, Insurance, & Airfare; Annual Inflation at a 40 Year...

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January Trade Deficit up 9.4% – Record High, December deficit up

RJS, MarketWatch 666, including estimates on the hit to GDP . . . the December deficit was revised up to what would have been a record high at the same time. US Trade Deficit Rose 9.4% to a Record High in January After December Deficit Revised Higher Our trade deficit rose 9.4% in January, as the value of our exports decreased while the value of our imports increased . . . the Commerce Dept report on our international trade in goods and...

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