20-City Index

S&P / Case-Shiller 20-City Index

January 31, 2017 – The 20-city S&P/Case-Shiller index is a measure of existing home values across 20 metropolitan areas throughout the U.S.  Home values have a broad impact on the economy, including the housing and consumer sectors. The 20-city S&P/Case-Shiller index rose 0.9% in November, above the October level and estimates of a 0.7% increase.  November’s gain was the highest …

Consumer Spending

Consumer Spending and Personal Income

January 30, 2017 – Consumer spending, measured by Personal Consumption Expenditures (PCE), makes up approximately two-thirds of the economy and is a direct measure of purchasing activity.  We are able to see where consumers are spending their dollars, whether it be durable and nondurable goods, or on services.  Changes in the personal income level dictate consumer spending. Personal income rose …

Gross Domestic Product

Components of GDP % Change

January 27, 2017 – Gross Domestic Product (GDP) is the broadest measure of economic activity within a country and measures the market value of all final goods and services produced within a country over a certain period.  There are four components GDP is created from:  investment (including residential and nonresidential expenditures), consumption (including durable goods, non-durable goods, and services spending), …

New Home Sales

New Home Sales

January 26, 2017 – New single-family home sales represent the number of brand new houses that were purchased or committed to being purchased over the course of a month.  This indicator has a trickle-down effect as demand rises for durable goods and consumer spending increases, boosting GDP.  It is also a sign of strength in the consumer balance sheet to …

Existing Home Sales

Existing Home Sales

January 24, 2017 – Existing home sales provide the number of purchases made for homes, condominiums, and co-ops that have already been built.  Existing home sales give an indication of demand for housing.  While home resales may not generate new construction jobs like those that housing starts do, they have a similar effect on consumer spending as people purchase items …

Housing Starts

Housing Starts

January 19, 2017 – Housing starts track the number of new residential construction projects underway over the course of a month. This indicator has implications for demand in construction spending/jobs, consumer wages, and complimentary sectors such as durable household item sales. Along with building permits, a metric counted when permission is granted and thus provides insights to future housing and …

Consumer Price Index

Consumer Price Index

January 18, 2017 – The Consumer Price Index (CPI) tells us of any inflationary pressures in the economy.  The CPI measures the average price levels of a basket of goods and services purchased by consumers.  The index starts with a base time period (1982-1984, currently) and shows the overall increase since that time.  As with many economic indicators, it can …

Retail Sales

Retail Sales

January 13, 2017 – Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of the strength of consumer spending, which accounts for roughly two-thirds of the economy.  This indicator also provides insight into which areas of the retail space are experiencing strong sales, such as auto sales. Retail Sales were …

Producer Price Index

Producer Price Index

January 13, 2017 – The Producer Price Index (PPI) looks at the average change in selling prices from the viewpoint of domestic producers of both goods and services. Three areas of production are observed: industry-based, commodity-based and commodity-based final demand-intermediate demand. The Producer Price Index experienced a 0.3% increase in December, in line with consensus expectations of a 0.2% increase. …

Imports and Exports

Imports and Exports

January 12, 2017 – Import prices tell us the cost of products that are produced abroad and purchased in the U.S., while exports are goods produced in the U.S. but purchased abroad. Import prices in December rose, with prices up 0.4% compared to November’s upward revision of -0.2% (+0.1%). Prices are up 1.8% year-over-year. The 0.4% increase was below consensus …