U.S. Initial Jobless Claims At 382.000; Down 5.000
Initial jobless claims in the U.S. were reported at 382.000 vs. 383.000 consensus and last week revised (up 2.000) reading of 387.000.
Four weeks moving unchanged.
Archive for the ‘U.S. Economic Data’ Category
U.S. New Home Sales Fell 16.9% In February
U.S. new home sales fell 16.9% to 250.000 SAAR; Consensus was at 290.000 SAAR, prior reading (revised upward 16.000) was at 301.000 SAAR.
Lowest reading on record.
U.S. Existing Homes Sales Fell 9.6% In February
Sales of existing homes in U.S. fell 9.6% to 4.88 million units SAAR. Consensus was at 5.12 million.
February Chicago Fed National Activity Index At -0.04
Chicago Fed National Activity Index for February was reported at -0.04 vs. revised January reading of 0.01. Chicago Fed National Activity Index 3-month moving average is at 0.11.
CFNAI is pointing to mild economic growth.
March Philadelphia FED General Business Conditions Index At 43.4
Philadelphia FED General Business Conditions Index rose to 43.4. Consensus was at 32.0, prior reading was at 35.9.
This is a positive outlier, it is highly unlikely that index can remain at these levels. Manufacturing surveys overestimate implied industrial growth in recent months.
U.S. Industrial Production Fell 0.1% In February
U.S. industrial production fell 0.1% in February. The consensus was at 0.6%, January revised (up 0.4%) reading was at 0.3%. On year level industrial production is up 5.5%.
U.S. Consumer Price Index Rose 0.5% In February
U.S. consumer price index rose 0.5% in February vs. 0.4% consensus and January reading of 0.4%. On year level CPI inflation is running at 2.2%.
U.S. Initial Jobless Claims At 385.000; Down 16.000
Initial jobless claims in the U.S. were reported at 385.000 vs. 388.000 consensus and last week revised (up 4.000) reading of 401.000.
Four weeks moving ticked lower.
FOMC Statement – March 15, 2011
The wording on strength of economic recovery is upgraded (“economic recovery is on a firmer footing”). Some improvement in labor market recognized.
Energy and commodities rising prices effect on inflation downplayed.
March Empire State Manufacturing At 17.5
Empire State Manufacturing General Business Conditions Index for March came out at 17.5 vs. 16.1 consensus and prior reading of 15.4.
U.S. Retail Sales Rose 1.0% In February
U.S. retail sales were reported at 1.0% in February, right at consensus. January reading was at +0.7% (revised from +0.3%). On year level retail sales are up 8.4%.
March University of Michigan Consumer Sentiment Preliminary Reading At 68.2
March University of Michigan Consumer Sentiment preliminary reading was reported at 68.2 vs. 76.3 consensus and 77.5 February reading.
U.S. Initial Jobless Claims At 397.000; Up 26.000
Initial jobless claims in the U.S. were reported at 398.000 vs. 376.000 consensus and last week revised (up 3.000) reading of 371.000.
Four weeks moving average steady.
February Nonfarm Payrolls Rose 192.000; Unemployment Rate At 8.9%
Nonfarm payrolls rose 192.000 in January; Consensus was at 196.000; January reading was an increase of 63.000 (revised +27.000). The unemployment was reported at 8.9% vs. prior reading of 9.0% and consensus of 9.1%.
Private payrolls were up 222.000 vs. 200.000 consensus and 68.000 reading in January (revised +18.000).
Positive report.
U.S. Initial Jobless Claims At 368.000; Down 20.000
Initial jobless claims in the U.S. were reported at 368.000 vs. 295.000 consensus; last week revised (down 3.000) reading was at 388.000.
Four weeks moving average sharply lower.