Durable Goods Orders

Durable Goods Orders

September 28, 2016 – Durable goods orders for August came in unchanged, better than expectations of a 1.9% drop.  Orders are now down 1.3% over the last year.  Excluding transportation, orders fell 0.4% for the month and are down 1.1% for the year.  Defense capital goods and vehicle sales led the positives, with vehicle sales increasing 0.7% in August.  Leading …

New Home Sales

New Home Sales

September 26, 2016 – New home sales for August came in at an annualized rate of 609,000, above expectations of an annualized rate of 598,000, but 7.6% below July’s level (which was revised upwards).  Sales are now up 20.6% from a year ago.  The West saw an increase, while the Northeast, South, and Midwest all saw declines.  Inventories grew by 4,000, …

Housing

Housing Starts

September 20, 2016 – Housing Starts fell 5.4% in August to a 1.142 million annualized rate, below expectations of a 1.190 million annualized rate.  July saw an upward revision to an annualized rate of 1.212 million.  Starts for single-family homes fell 6.0%, while multi-family starts declined 5.4%.  Permits fell 0.4% in August, with multi-family permits falling 7.2%, but permit growth …

Consumer Price Index

Consumer Price Index

September 16, 2016 – The Consumer Price Index increased 0.2% in August, beating expectations of a 0.1% increase and July’s unchanged mark.  The CPI is now up 1.1% over the last year, while Core CPI, which excludes food and energy, is up 2.3% year-over-year.  Core CPI increased 0.3% in August as the food and energy sectors were unchanged in August.  …

Retail

Retail Sales

September 15, 2016 – Retail Sales dropped 0.3% in the month of August, below expectations of no change and July’s increase of 0.1%.  Year-over-year sales are up 1.9%.  Excluding auto sales, retail sales fell 0.1%, but are up 2.0% over the last year.  Excluding autos and gas, sales were down 0.1% for the month and are up 3.4% year-over-year.  Restaurants and …

Imports and Exports

Imports and Exports

September 14, 2016 – Import prices in August fell for the first time since February, with prices falling 0.2% from July, weighing on inflation.  Prices are down 2.2% over the last year.  The 0.2% drop fell further than expectations of a 0.1% decline.  Excluding fuel and food, prices remained unchanged over the last month.  A 2.5% decline in July, followed …

ISM Nonmanufacturing Index

ISM Nonmanufacturing Index

September 6, 2016 – The ISM Nonmanufacturing Index came in for the month of August at 51.4, well below expectations of 55.0 and July’s level of 55.5.  August marked the lowest rate in over 6 years.  While the services sector in August looks disappointing in comparison to recent months and expectations, it did expand for the 79th consecutive month, but …