RJS, MarketWatch 666 Summary: New Home Sales Reported 8.6% Lower on Record Prices in March, after Prior Months Sales Revised Much Higher The Census report on New Residential Sales for March (pdf) estimated that new single family homes were selling at a seasonally adjusted annual rate of 763,000 homes during the month, which was 8.6 percent (±12.9 […]

RJS, MarketWatch 666 1st Quarter GDP Shrunk at a 1.4% Rate on a Record Trade Deficit and Slower Growth of Inventories Our economy shrunk at a 1.4% rate in the 1st quarter, the first GDP reversal since the first quarter of 2020, as increased personal consumption of services and greater fixed investment were more than […]

RJS; MarketWatch 666 Summary: March industrial production: G17 release on Industrial production and Capacity Utilization for March indicates industrial production rose 0.9% in March after rising by a revised 0,9% in February and a revised 1.0% in January, which left production 5.5% higher than a year ago. Industrial Production Rose 0.9% to Highest on Record in […]

RJS, MarketWatch 666 Summary: Producer Prices Rose 1.4% in March, Annual Increase at 11.2%, with Goods Up 15.7%, Services Up 8.7%, All Record Highs The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.4% in March, as average prices for finished wholesale goods rose by 2.3% and final demand for services rose 0.9% . . […]

RJS, MarketWatch 666, Summary: US Trade Deficit Virtually Unchanged in February, Near Record High US trade deficit ticked lower February, as both our exports and imports increased, but the value of our exports rose slightly more than the value of our imports did . . . the Commerce Department report on our international trade in goods […]

RJS, MarketWatch 666 4th Quarter GDP Grew at a 6.9% Rate, Revised from a 7.0% Rate, as PCE Revised Lower The Third Estimate of our 4th Quarter GDP from the Bureau of Economic Analysis indicated that our real output of goods and services grew at a 6.9% rate in the quarter, revised from the 7.0% growth rate reported […]

RJS, MarketWatch 666 “February” Durable Goods: New Orders Down 2.2%, Shipments Flat, Inventories Up 0.4% The “Advance Report on Durable Goods Manufacturers’ Shipments, Inventories and Orders for February” (pdf) from the Census Bureau reported that the value of the widely watched new orders for manufactured durable goods decreased by $6.0 billion or 2.2 percent to […]

RJS, MarketWatch 666 Retail Sales Rose 0.3 % in February After January’s Sales were Revised 1.0% Higher Seasonally adjusted retail sales increased 0.3% in February after retail sales for January were revised 1.0% higher . . . the Advance Retail Sales Report for February (above) from the Census Bureau estimated our seasonally adjusted retail and food services […]

RJS; MarketWatch 666, Covered here is everything having a major price change. This includes the 2.4% increase in the price index for men’s underwear, the 3.8% increase in the price index for women’s underwear, and also prices for what are now more than 40 items having a double-digit year over year increase. CPI Rose 0.8% […]

RJS, MarketWatch 666, including estimates on the hit to GDP . . . the December deficit was revised up to what would have been a record high at the same time. US Trade Deficit Rose 9.4% to a Record High in January After December Deficit Revised Higher Our trade deficit rose 9.4% in January, as […]