Tag Archives: MarketWatch 666

Commenter and Blogger RJS, Focus on Fracking, Strategic Petroleum Reserve at a new 19 year low; commercial crude inventories fall to 45 month low, total oil supplies lowest since January 20th 2012; implied gasoline demand at 11 month low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending January 7th indicated that despite a big drop in our oil exports, a...

Commenter and Blogger RJS, MarketWatch 666 There has been good coverage on the two jobs reports on AB already. I will post my takes on the trade deficit and construction spending below, both of which I estimate 4th quarter GDP impacts. I have high confidence in my GDP estimate for trade in goods, since the release includes inflation adjusted figures, but much less confidence in my construction estimate (which i note) because I use the producer...

Commenter and Blogger RJS, Focus on Fracking US oil supplies near a 10 year low; biggest hit to gasoline output & demand since 2020 lockdownStrategic Petroleum Reserve at a new 19 year low; total crude supplies near a 10 year low; gasoline production and gasoline demand fall by most in 21 months; gasoline supplies rise by most in 21 months; distillate supplies rise by most in a year US oil data from the US Energy Information...

RJS, MarketWatch 666, October’s Case–Shiller HPI; Advance Economic Indicators for November With the major month end reports already released last week, the only widely watched report released this week was the Case-Shiller Home Price Index for October from S&P Case-Shiller, which doesn’t even report any prices of homes, but just a index generated by averaging relative sales prices of homes that sold during August, September and October against...

November Durable Goods: New Orders up 2.5%, Shipments Up 0.7%, Inventories Up 0.6%, MarketWatch 666, RJS The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for November (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods increased by $6.5 billion or 2.5 percent to $268.3 billion in November, the 6th increase in seven months, after October’s new...

Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of Intermediate Goods, RJS, MarketWatch 666 The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in November, as prices for finished wholesale goods rose 1.2% while margins of final services...

November’s retail sales, industrial production, producer prices, & new home construction; October’s business inventories, Summary: Record 9.6% Annual Increase in November Producer Price Index; Record 6.9% YoY Increase in Core Prices; Record 7.1% YoY Increase for Final Demand Services, Record YoY 14.9% Increase for Final Demand Goods, and a 46+ year Record for Prices of Intermediate Goods The seasonally adjusted Producer Price Index (PPI)...

Blogger and Commenter RJS, MarketWatch 666, November’s consumer prices, October’s trade deficit, wholesale sales, and JOLTS The consumer price index rose 0.8% in November, as higher prices for food, energy, new and used vehicles, airline fares, and toys were only slightly offset by lower prices for information technology devices, hospital services and for vehicle insurance….the Consumer Price Index Summary from the Bureau of Labor Statistics...

Construction Spending Rose 0.2% in October after Prior Months Were Much Revised Higher, MarketWatch 666, RJS The Census Bureau’s report on construction spending for October (pdf) estimated that the month’s seasonally adjusted construction spending would work out to $1,598.0 billion annually if extrapolated over an entire year, which was 0.2 percent (+/-1.2 percent)* above the revised September estimated annual rate of $1,594.8 billion...

Commenter and Blogger RJS, MarketWatch 666, Personal Income Rose 0.5% in October, Personal Spending Rose 1.3%, PCE Price Index Rose 0.6%, Savings Rate Lowest Since December 2019 The October report on Personal Income and Outlays from the Bureau of Economic Analysis includes the month’s data for our personal consumption expenditures (PCE), which accounts for more than 70% of the month’s GDP, and with it the PCE price index, the inflation gauge the...