…onset of the pandemic last March. A similar dynamic was present in the retail sales report, although the Census Bureau explicitly does not take weather into account. Nominal retail sales…

…from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $2.9 billion or 1.1 percent to $254.0 billion in February, the…

…was also partially reversed by a -1.0% decrease in February (blue): In its release, the Census Bureau confirmed this analysis, writing: “The decrease in personal income in February was more…

…by a -1.0% decrease in February (blue): In its release, the Census Bureau confirmed this analysis, writing: “The decrease in personal income in February was more than accounted for by…

…percentage points from 1st quarter GDP… Note that we have not computed the impact of the usually less volatile change in services here because the Census does not provide inflation…

…the problem. Here’s the time stamp of the above tweet: How did this person know about a big jump in housing starts 24 hours before the Census Bureau published the…

…nominal terms, which on top of April’s decline of -13.1%, has taken back most, not by no means all, of March’s big 20.7% gain. The Census Bureau specifically noted in its…

…the Census Bureau . . . this week also saw the last regional Fed manufacturing survey for June; the Dallas Fed’s Texas Manufacturing Outlook Survey, which also covers adjacent western Louisiana…

…the other hand, rent continues to be somnolent (as is “owners’ equivalent rent,” which is how the Census Bureau tries to measure house prices): By the way, ultimately the house…

…Orders for July (pdf) from the Census Bureau reported the value of the widely watched new orders for manufactured durable goods fell by $0.4 billion or by 0.1 percent to $246.9…