Personal Income (excluding Transfer Receipts) in June rose 0.47% and is up 3.9% year-over-year. When we adjust for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) rose 0.24%.
The Advance Estimate for Q2 GDP, to one decimal, came in at 2.3 percent, a substantial increase from the 0.6 percent of Q1, which is an upward revision from -0.2 percent prior to today's annual revisions.
This morning's release of the June Existing-Home Sales shows the highest sales in eight years to a seasonally adjusted annual rate of 5.49 million units from a slight downward revision of 5.32 million in May...
The Census Bureau's Advance Retail Sales Report released this morning shows that seasonally adjusted sales in June were down 0.3% month-over-month and up 1.4% year-over-year. Core Retail Sales (ex Autos) came in at...
Today's seasonally adjusted 297K new claims was well above the Investing.com forecast of 275K. The four-week moving average at 279,500 is approximately 12K above the 15-year interim low set in mid-May.
Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 56 percent, up 0.3 percent from last month's 55.7 percent. Today's number came in fractionally...
The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let's examine the numbers and study the relationship between...
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as...
Today the Richmond Fed Manufacturing Composite Index increased slightly with a 5 point increase to 6 from last month's 1. Investing.com had forecast a rise to 3. Because of the highly volatile nature of this index...
The Latest Conference Board Leading Economic Index (LEI) for May is now available. The index rose 0.7 percent, which follows a 0.7 percent April increase. The latest indicator value came in above the 0.4 percent...
The Census Bureau's Advance Retail Sales Report released this morning shows that seasonally adjusted sales in May were up 1.2% month-over-month and 2.7% year-over-year. Core Retail Sales (ex Autos) came...
Every week we post an update on new unemployment claims shortly after the BLS report is made available. Our focus is the four-week moving average of this rather volatile indicator. The financial press generally takes...
The Second Estimate for Q1 GDP, to one decimal, came in at -0.7 percent, a decrease from the 0.2 percent of the Advance Estimate. Today's number was not entirely a surprise, as Investing.com had a forecast of -0.8 while...
This morning's release of the April New Homes Sales from the Census Bureau at 517K was 7K above forecast, with the previous month an upward revision. The Investing.com forecast was for 510K sales, which...
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about...
The Latest Conference Board Leading Economic Index (LEI) for April is now available. The index rose 0.7 percent, which follows a 0.4 percent March increase (an upward revision from 0.2 percent). The latest number came in...
Yesterday we reported separately on the latest residential building permits and housing starts in the government's report for April data, courtesy of the Census Bureau and the Department of Housing and Urban Development.
The Advance Retail Sales Report released this morning shows that sales in April came in flat month-over-month, a situation that was enabled by an upward March revision from 0.9% to 1.1%. Core Retail Sales (ex Autos) came...
The latest issue of the NFIB Small Business Economic Trends is out today. The update for April came in at 96.9, a 1.7 point increase from the previous month. The index is now at the 33rd percentile in this series.
Yesterday the Bureau of Labor Statistics released the preliminary data for Q1 Productivity and Costs. We learned that the headline metric, nonfarm business sector labor productivity, decreased at a 1.9 percent annual rate during...
