GDP Percent Change

Components of GDP % Change

July 28, 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), …

Durable Goods Orders

Durable Goods Orders

July 27, 2017 – Durable goods orders, which are orders to buy products that are expected to last at least three years, indicates how busy factories will be in the near future.  As the name suggests, durable orders provide a look into demand for equipment along with other big-ticket purchases, such as vehicles and appliances. An increase in capital spending …

New Home Sales

New Home Sales

July 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 …

Case-Shiller

S&P / Case-Shiller 20-City Index

July 25, 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 Case-Shiller index rose a seasonally adjusted 0.1% in May, below the consensus of 0.3% but above April’s downwardly revised -0.2%. For …

Existing Home Sales

Existing Home Sales

July 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

July 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, housing starts is considered a leading economic indicator. Housing starts in June came in at …

Imports and Exports

Imports and Exports

July 17, 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 June changed -0.2%, the same as the consensus. May’s import price change of -0.3% was revised to -0.1% (+0.2%). These past 12 months import prices …

Retail Sales

Retail Sales

July 14, 2017 – Retail Sales are the total amount of merchandise and related services sold to consumers.  It is considered a sign of strength of U.S. 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 decreased …

Industrial Production Index

Industrial Production Index

July 14, 2017 – The Industrial Production Index (IPI) measures the manufacturing, electric, mining, and gas industries output on a monthly basis. Industrial production increased 0.4% in June, above consensus of 0.3% and above May’s upward revision of 0.1%. Manufacturing increased 0.2%, in line with expectations while the capacity utilization rate came in at 76.6%, below estimates. Mining is up …

Producer Price Index

Producer Price Index

July 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 (Final Demand) edged up 0.1% in June, above expectations of no change. The PPI is …