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Tag Archives: RJS

July Durable Goods: New Orders Down 0.1%, Shipments Up 2.2%, Inventories Up 0.6%

July Durable Goods: New Orders Down 0.1%, Shipments Up 2.2%, Inventories Up 0.6%, Commenter and also Blogger at MarketWatch 666 The Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for July (pdf) from the Census Bureau reported the value of the widely watched new orders for manufactured durable goods fell by $0.4 billion or by 0.1 percent to $246.9 billion in July, following a revised increase of 0.8% to $257.6...

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July Oil Supply Falls 2,540,000 Barrels/Day Short of Demand

Oil in longest losing streak since 2019;  global oil shortage at 2,540,000 barrels per day; DUC well backlog at 7.1 months, Focus on Fracking, Commenter and Blogger, R,J.S. Thursday of last week saw the release of OPEC’s August Oil Market Report, which covers OPEC & global oil data for July, and hence it gives us a picture of the global oil supply & demand situation for the third month of the modest output easing policy initiated by OPEC...

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Retail Sales Fell 1.1% in July while May and June Sales Revised Higher

Retail Sales Fell 1.1% in July After May and June Sales were Revised Higher, R.J.S, MarketWatch 666 Seasonally adjusted retail sales were 1.1% lower in July after retail sales for May and June were revised higher . . . the Advance Retail Sales Report for July (pdf) from the Census Bureau estimated that our seasonally adjusted retail and food services sales totaled $617.7 billion during the month, which was 1.1 percent (± 0.5 percent) less than...

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Industrial Production Rose 0.9% in July

Industrial Production Rose 0.9% in July After Prior Four Months Were Revised Higher, RJS at MarketWatch 666 The Fed’s G17 release on Industrial production and Capacity Utilization for July indicated industrial production rose by 0.9% in July after rising by a revised 0.2% in June and a revised 0.8% in May, and is now up 6.6% from a year ago . . . the industrial production index, with the benchmark now set for average 2017 production to equal to...

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Gasoline and Natural Gas Supplies, Alaska drilling

Gasoline supplies at a 42 month low; natural gas supplies still 16.5% lower than a year ago; offshore Alaska drilling resumes; Commenter Blogger RJS, MarketWatch 666 This Week’s Rig Count Number of drilling rigs active in the US increased for the 40th time out of the past 47 weeks during the week ending August 13th, but was still down by 36.9% from the pre-pandemic rig count….Baker Hughes reported that the total count of rotary rigs running in...

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July Producer Price Index Sets New YoY Records

for Final Demand Goods, Final Demand Services, and Intermediate Services; and a 46 year High for Prices of Intermediate Goods, Commenter and Blogger RJS, MarketWatch 666 The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in July, as prices for finished wholesale goods rose 0.6% while margins of final services providers rose 1.1%…that increase followed a June report that also had the PPI 1.0% higher, but with prices for...

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Job Openings Increase 590,000 in June after May Revised 270,000

June Job Openings at Record High after May Record Revised Higher; Commenter RJS from MarketWatch 666; Record Low Layoffs; Hiring, Quitting, Retiring All Much Higher The Job Openings and Labor Turnover Survey (JOLTS) report for June from the Bureau of Labor Statistics estimated that seasonally adjusted job openings rose by 590,000, from 9,483,000 in May to 10,073,000 in June, after May’s job openings were revised 274,000 higher, from 9,209,000 to...

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Trade Deficit at a Record High in June, Rises 6.7%

on Surge in Imports of Industrial Supplies and Materials, Commenter/Blogger RJS at MarketWatch 666 US trade deficit was at a record high in June after rising by 6.7% from May, as the value of both our exports and our imports increased, but our imports increased by nearly five times as much . . . the Commerce Department report on our international trade in goods and services for June indicated that our seasonally adjusted goods and services...

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New Housing Starts Higher in June, Building Permits 5.3% Lower

RJS, MarketWatch 666, New Housing Starts Reported Higher in June, Building Permits 5.3% Lower The June report on New Residential Construction (pdf) from the Census Bureau estimated that new housing units were being started at a seasonally adjusted annual rate of 1,643,000 in June, which was 6.3 percent (±11.5 percent)* above the revised May estimated annual rate of 1,546000 units started, and was 29.1 percent (±11.2 percent) above last June’s pace...

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Natural Gas Prices at a 31 month High

Commenter and Blogger R.J.S. brings the latest on Natural Gas and the impact on it from the heat wave. Focus on Fracking blogspot Natural gas prices rose every day this week in surging to a new 31 month high, as yet another continental heat wave loomed…after ending last week unchanged at $3.674 per mmBTU as strong export demand offset cooler weather and a bearish storage report, the contract price of natural gas for August delivery opened the week...

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