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Tag Archives: MarketWatch 666

4th Qtr GDP Revised, Growth at 7.0% – Unprecedented Revisions to Component Deflators

RJS, MarketWatch 666 Here I (run75441) am being lectured by the author, RJS. “last week you asked me to write something explaining how & why the GDP deflators were revised. So I did, expanding the paragraph I was going to write on it to six, and included it as an addendum to my usual reporting on the GDP revision at Marketwatch 666, however, three days after I sent it to you, it’s still not up on AB. I think it’s important, and that it...

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Producer Prices Up 1.0% in January

RJS, MarketWatch 666, Producer Prices Rose 1.0% in January, but Annual Increases are Off the Record Highs The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in January, as average prices for finished wholesale goods rose 1.3% while final demand for services rose 0.7% . . . that increase followed a revised 0.4% increase in December, when average prices for finished wholesale goods fell 0.1%, while margins of final...

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CPI Rose 0.6% in January, Fed Reports 6% YOY

RJS, MarketWatch 666, “CPI Rose 0.6% in January on Higher Prices for Food, Clothing, Electricity, Used Vehicles, & Furniture; Annual Inflation Now at a 40 Year High” The consumer price index rose 0.6% in January, as higher prices for food, clothing, rent, electricity, used vehicles, airfares, furniture, and appliances and were only slightly offset by lower prices for gasoline, utility gas, and car and truck rentals . . . the Consumer Price...

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December Trade Deficit Up 1.8%, 27% for 2021

RJS, MarketPlace 666, US Trade Deficit Rose 1.8% in December and up 27% in 2021 Our trade deficit rose 1.8% in December as the value of both our exports and our imports increased, but our imports increased by more….the Census report on our international trade in goods and services for December indicated that our seasonally adjusted goods and services trade deficit increased by $1.8 billion to $80.7 billion in December, from a revised November...

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Inventory Fell Again Adding 3-4 weeks to Previous Interim Lows

RJS: Oil supplies at a 10 year low; SPR at a 19 year low; total oil & products supplies at 7 1/2 year low after across-the-board draw  The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending February 4th indicated that after a drop in our oil imports, a jump in our oil exports, and an increase in our refining, we again had to pull oil out of our stored...

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BLS Annual Adjustment, +467,000 Jobs in January, U3 Rises One tenth% to 4%

This is one of the times when I missed the BLS annual adjustment also. RJS was right on the money this morning in reporting it. A portion of the 467,000 was due to adjustments in December and January data. RJS, MarketWatch 666, Employers Add 467,000 Jobs in January, Unemployment Rate Rises to 4.0% The Employment Situation Summary for January from the Bureau of Labor Statistics indicated a decent level of job creation during the month, while the...

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Oil at 10-year Low, SPR at 19-Year low, Total oil & products supply at 7 1/2-year low

Oil supplies at a 10 year low;  SPR at a 19 year low, total oil & products supplies at 7 1/2 year low; Omicron hit to demand leads to largest 5 week increase of gasoline inventories in 32 years RJS: The Latest US Oil Supply and Disposition Data from the EIA, Focus on Fracking US oil data from the US Energy Information Administration for the week ending January 28th indicated that despite a jump in our oil imports and a drop in our oil...

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Construction Spend Up .2%, Prior Months Revised Higher

RJS @ MarketWatch 666, Construction Spending Rose 0.2% in December after Prior Months Were Revised Higher The Census Bureau’s report on construction spending for December (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,639.9 billion annually if extrapolated over an entire year, which was 0.2 percent (± 0.8 percent)* above the revised November estimate of a $1,636.5 billion rate annually, and 9.0...

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CPI Rose 0.5% in December, Annual Inflation at a 39 Year High

RJS, MarketWatch 666 CPI Rose 0.5% in December on Higher Prices for Food, Shelter, Clothing, Vehicles, & Furniture; Annual Inflation at a 39 Year High The consumer price index rose 0.5% in December, as higher prices for food, clothing, shelter, new and used vehicles, airline fares, furniture, and laundry appliances and were partly offset by lower prices for energy, recreational goods, car and truck rentals, and for vehicle insurance . . ....

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Producer Prices Up 0.2% in December; 6.9% Annual Increase in Core PPI

RJS Reports: Producer Prices Rose 0.2% in December; Record 6.9% Annual Increase in Core PPI; Record 7.9% YoY Increase for Final Demand Services The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.2% in December, as average prices for finished wholesale goods fell 0.4%, while margins of final services providers were 0.5% higher . . . that increase followed a revised 1.0% increase in November, when prices for finished...

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