February Conference Board Consumer Confidence At 70.4
Conference Board consumer confidence came out at 70.4 vs. 65.0 consensus and 64.8 reading for December (revised from 60.6).
Large positive surprise. Highest reading in three years.
Archive for the ‘U.S. Economic Data’ Category
S&P/Case-Shiller Home Price Indexes Fell In December
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 0.4%; On year level 20 city index is down 2.4%.
ECRI Weekly Leading Index Up 4.9%
ECRI Weekly Leading Index for week ending February 11, 2011 was reported up 4.9% y-o-y. Prior reading was at 4.6%.
U.S. Initial Jobless Claims At 410.000; Up 25.000
Initial jobless claims in the U.S. were reported at 410.000 vs. 400.000 consensus; last week revised (up 2.000) reading was at 385.000.
Lot of noise in data; Big weekly raise. Four weeks moving average unchanged.
U.S. Consumer Price Index Rose 0.4% In January
U.S. consumer price index rose 0.4% in January vs. 0.3% consensus and December reading of 0.5%. On year level CPI inflation is running at 1.7%.
FOMC Minutes – February 16, 2011
Did not have time to review this yesterday… Most important – economic projections were raised up. Theme remains unchanged: inflate.
U.S. Industrial Production Fell 0.1% In January
U.S. industrial production fell 0.1% in January. The consensus was at 0.5%, December revised (down 0.4%) reading was at 0.8%. On year level industrial production is up 5.1%.
U.S. Producer Price Index Rose 0.8% In January
U.S. producer price index rose 0.8% in January vs. 0.8% consensus. December reading was at 0.9% (revised from 1.1%). On year level PPI is up 3.4%
MBA Mortgage Applications Fell 9.5%
MBA mortgage applications fell 9.5%; Prior reading was a decrease of 5.5%; On year level MBA Basic Index is down 30.2%.
U.S. Retail Sales Rose 0.3% In January
U.S. retail sales rose 0.3% in January. The consensus was at +0.5%, December reading was at +0.3% (revised from +0.5%). On year level retail sales are up 7.4%.
Most notable gainers: gasoline stations +1.4%, food & beverage stores +1.3% m-o-m; non-store retailers +1.2%; Most notable losers: building material & garden equipment -2.9%; sporting goods, hobby, book & music stores -1.3%.
February Empire State Manufacturing At 15.4
Empire State Manufacturing General Business Conditions Index for February came out at 15.4 vs. 15.0 consensus and prior reading of 11.9.
Looks like industrial production will continue expanding.
February University of Michigan Consumer Sentiment Preliminary Reading At 75.1
February University of Michigan Consumer Sentiment preliminary reading was reported at 75.1 vs. 75.0 consensus and 74.2 January reading.
U.S. Trade Deficit At $-40.6 Billion In December
U.S. trade balance for December was reported at $-40.6 billion vs. consensus of $-40.5 billion and November reading of $-38.3 billion.
U.S. Initial Jobless Claims At 383.000; Down 36.000
Initial jobless claims in the U.S. were reported at 383.000 vs. 410.000 consensus; last week revised (up 4.000) reading was at 419.000.
Lot of noise in data; Big weekly decline.
MBA Mortgage Applications Fell 5.5%
MBA mortgage applications fell 5.5%; Prior reading was an increase of 11.3%; On year level MBA Basic Index is down 24.2%.