RJS, MarketWatch 666, New Housing Starts Reported Higher in June, Building Permits 5.3% Lower The June report on New Residential Construction (pdf) from the Census Bureau estimated that new housing units were being started at a seasonally adjusted annual rate of 1,643,000 in June, which was 6.3 percent (±11.5 percent)* above the revised May estimated annual rate […]
Commenter and Blogger R.J.S. brings the latest on Natural Gas and the impact on it from the heat wave. Focus on Fracking blogspot Natural gas prices rose every day this week in surging to a new 31 month high, as yet another continental heat wave loomed…after ending last week unchanged at $3.674 per mmBTU as strong […]
DUC well report for June, Focus on Fracking, RJS Monday of this past week saw the release of the EIA’s Drilling Productivity Report for July, which includes the EIA’s June data for drilled but uncompleted (DUC) oil and gas wells in the 7 most productive shale regions….that data showed a decrease in uncompleted wells nationally for the 13th […]
MarketWatch 666, R.J.S., June Producer Price Index Sets YoY Records for Final Demand and Intermediate Services; 46 year High for Prices of Intermediate Goods The seasonally adjusted Producer Price Index (PPI) for final demand rose 1.0% in June, as prices for finished wholesale goods rose 1.2% while margins of final services providers rose 0.8%…that increase followed a […]
US crude supplies falling at a record pace, down 17.4% YoY; gasoline output at a 22 month high; record gasoline demand The Latest US Oil Supply and Disposition Data from the EIA, RJS, Marketwatch 666 US oil data from the US Energy Information Administration for the week ending July 2nd showed that even after a sizeble […]
June’s jobs report, Marketwatch 666, Commenter RJS This week’s major agency issued economic releases included the Employment Situation Summary for June from the Bureau of Labor Statistics, and three May reports that will input into 2nd quarter GDP: the BEA’s report on International Trade for May, the May report on Construction Spending and the Full Report on Manufacturers’ Shipments, Inventories and […]
Construction Spending Falls 0.3% in May after March & April Spending Revised Higher, Commenter RJS, Marketwatch 666 The Census Bureau report on construction spending for May (pdf) estimated that May’s seasonally adjusted construction spending would work out to $1,545.3 billion annually if extrapolated over an entire year, which was 0.3 percent (±1.0 percent)* below the revised annualized estimate […]
RJS at Marketwatch 666 reviews oil and natural gas pricing, June 28, 2021 Oil Pricing Oil prices set a new 32 month high for a fifth consecutive week, as negotiations to lift Iranian sanctions broke off and US crude supplies fell more than was expected for a fifth straight week. After rising 1% to $71.64 […]
2 Months PCE Would Add 7.36 Percentage Points to Q2 GDP Angry Bear Commenter RJS and Marketwatch 666 blogger computes the impact of real PCE from this report on GDP and explains his math. The May report Personal Income and Outlays from the Bureau of Economic Analysis gives us nearly half the data that will go […]
Producer Price Index YoY Records for Final Demand and Intermediate Services; 46 year High for Intermediate Goods, 48 year High for Raw Materials Commenter RJS and MarketWatch 666 blogger The seasonally adjusted Producer Price Index (PPI) for final demand rose 0.8% in April, as prices for finished wholesale goods rose 1.5% while margins of final services providers […]