Economic Data for Week 38-2013 | Global View
| Week Rating
| DATE/WEEK |
DAY |
REPORT/CATEGORY |
HIGHLIGHTS ON WEEK 38-2013 |
LAST |
|
Mon |
Empire Estate Mfg Index |
The New York Fed's "Empire State" general business conditions index slipped to 6.29 from 8.24 in August 2013, shy of economists' forecast of 9.20. |
6.29 |
|
 |
Manufacturing |
The pace of growth in New York state's manufacturing sector unexpectedly slowed this month but firms' outlook brightened, a report from the New York Federal Reserve showed on Monday. |
|
|
Mon |
Industrial Production |
Manufacturing production rose 0.7% last month from July 2013, the Federal Reserve said Monday. That's the biggest increase since December 2013. It followed a 0.4% decline in July 2013. |
0.7% |
|
|
Manufacturing |
U.S. factories increased output in August 2013 by the most in eight months, helped by a robust month at auto plants. The gains are a hopeful sign that manufacturing could help boost economic growth in the second half of the year. |
|
|
Tue |
FOMC Meeting Begins |
Traders and analysts are waiting for a decision from the Federal Open Market Committee concerning an anticipated reduction in the U.S. economic stimulus program. |
N/A |
|
|
Interest Rates |
The government has been buying $85 billion/month in mortgage-backed securities and long-term treasury bonds. |
|
|
Tue |
ICSC Goldman Sachs Index |
ICSC-Goldman's results for September 14 week in the year-on-year sales to plus 3.2%. |
3.2%
Y/Y
|
|
|
Sales and Inventories |
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index slipped 1.6% in the week ended Saturday from the previous week on a seasonally adjusted, comparable-store basis. |
|
|
Tue |
Consumer Price Index |
U.S. consumer prices rose a seasonally adjusted 0.1% in August 2013, mainly because of higher costs of housing and medical care, the Labor Department said Tuesday. |
0.1%
M/M
|
|
|
Inflation |
Energy prices fell 0.3% to mark the first decline since April 2013, while food prices edged up 0.1%. The core CPI, which excludes volatile food and energy costs, also advanced 0.1%. |
|
|
Tue |
Johnson Redbook |
Redbook's year-on-year same-store sales tally fell to plus 3.4% which is well down from 4.6% and 4.7% in the prior two weeks. |
3.4% |
|
|
Sales and Inventories |
Redbook confirms slowing in retail sales during the September 14 week which was reported earlier this morning by ICSC-Goldman. |
|
|
Tue |
Treasury Intal. Capital |
Foreigners, after being sellers of U.S. securities for five months in a row, came back as buyers in July 2013 wuth $31.1 B from a revised $-67.0 B. |
$31.1B |
|
|
Balance of Payments |
Net inflow of long-term securities totaled $31.1 billion in July 2013 and helps to offset, at least in part, a very steep revised net outflow in June 2013 of $67.0 billion. |
|
|
Tue |
Housing Market Index |
U.S. home builders are not feeling any better about their business this month, but they're not feeling any worse either. Home builder confidence hits a pause. |
58 |
|
|
Real Estate |
A monthly sentiment index from the National Association of Home Builders was unchanged in September 2103, holding at a reading of 58. Fifty is the line between positive and negative. |
|
|
Wed |
MBA purchase Applications |
Applications for U.S. home loans edged up in the most recent week, off their nearly five-year lows, as interest rates eased from a 2013 high, data from an industry group showed on Wednesday. |
11.2% |
|
|
Real Estate |
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 11.2% in the week ended Sept. 13 |
|
|
Wed |
Bank Reserve Settlement |
Bank Reserve Settlement is the date where commercial banks must meet reserve requirements stipulated by the Federal Reserve. |
N/A |
|
|
Banking System |
Bank Reserve Settlement is a two-week period that ends every other Wednesday. |
|
|
Wed |
Housing Starts |
Housing starts rose 0.9% in August 2103, less than expected, as the volatile apartment sector weighed on top line results. |
891K |
|
|
Real Estate |
Single family home starts, however, were up 7% from July 2013 and hit their highest level in six months, the Commerce Department reported Wednesday. |
|
|
Fri |
Building Permits |
Permits fell 3.8% after a 3.9% rebound in July 2013. August's annualized pace of 0.918 million units was up 11.0% on a year-ago basis. |
918K |
|
|
Real Estate |
Analysts called for 0.950 million units for August 2013 npermits. Weakness for the latest month was in the multifamily component. |
|
|
Wed |
EIA Crude Oil |
U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased by 4.4 million bbl for the week ended Sept. 13 compared with the previous week. At 355.6 million bbl, the crude inventories are nearing the average range for this time of year, EIA said. |
|
|
|
Commodity |
A weekly inventory report from the U.S. Energy Information Administration showed crude oil stockpiles were down to their lowest level since August 2012 |
|
|
Wed |
FOMC Meeting Announcement |
The committee was expected to issue a statement at 2 p.m. EDT upon conclusion of its 2-day meeting. |
N/A |
|
|
Interest Rates |
Most economists had expected the Fed to begin to taper its $85-billion-a-month bond purchase program by at least $10 billion. Markets were already prepared for the adjustment. |
|
|
Wed |
FOMC Meeting Forecast |
The Federal Reserve's announcement on Wednesday that it is not tapering its large asset-buying program yet sent the 10-year-Treasury yield down. |
N/A |
|
|
Interest Rates |
September 18, 2013 is the week when the FOMC, against strong expectations, decided not to taper. |
|
|
Thu |
Jobless/Initial Claims |
Initial jobless claims were 309,000, up from last week's artificially-depressed number but down from 323,000 the week before that. |
N/A |
|
|
Employment |
Continuing claims in the week ended September 7 unexpectedly fell to 2.787 million from the previous week's upward-revised 2.815 million. |
|
|
Thu |
Current Account |
An increase in U.S. exports narrowed the country's current account deficit in the second quarter to its lowest level in four years, the Commerce Department said on Thursday. |
$-98.9
Billions |
|
|
Balance of Payments |
The current account deficit, a broad measure of the flow of goods, services and money across national borders, dropped to $98.9 billion in the April-June 2013 period from a revised $104.9 billion in the prior period. |
|
|
Thu |
Existing Home Sales |
The most recent report on home construction showed that it barely nudged up in August 2013. Looking just at single-family homes, which make up a larger share of new construction than apartments, new construction rose 7% in August 2013 to the highest pace since February, while permits, which are a sign of future demand, rose 3% to the highest level since May 2008. |
5.48M Level |
|
|
Real Estate |
Sales of existing homes last month hit the highest pace in more than six years as buyers rushed to lock in mortgage rates before they rose any further. The National Association of Realtors reported that existing-home sales rose 1.7% to a seasonally adjusted annual rate of 5.48 million, the highest level since February 2007. |
|
|
Thu |
Philadelphia Fed Survey |
The Federal Reserve Bank of Philadelphia reported that its regional gauge of manufacturing conditions recently hit the highest reading in more than two years. |
22.3
Level
|
|
|
Business Activity |
The index of general business activity rose to 22.3 in September 2013 from 9.3 in August 2013. Readings above zero indicate that a greater percentage of firms reported increased activity than the percentage that reported decreased activity. |
|
|
Thu |
Leading Indicators |
The leading economic index for the U.S. rose 0.7% in August to 96.6, the Conference Board said Thursday. The latest reading points to more pep in the pace of economic activity in the near term. |
0.7% |
|
|
Business Activity |
The coincident index, which measures current conditions, rose 0.2% in August 2013, while the lagging index advanced by 0.3%. In July 2013, the increase in the index was revised down a notch to 0.5%. |
|
|
Thu |
EIA Natural Gas Report |
Natural gas in storage rose 46 billion cubic feet in the September 13 week to 3,299 bcf. |
46bcf |
|
|
Commodity |
|
|
|
Thu |
Fed Balance Sheet |
For the September 18 week, the Fed balance sheet jumped $60.2 billion after expanding $7.9 billion the prior period. The increase was led by a $48.2 billion gain in mortgage-backed securities with holdings of Treasuries rising $11.0 billion. |
$60.2
Billions
|
|
|
Government |
Total assets for the September 18 week came in at $3.722 trillion. |
|
|
Thu |
M2 Money Supply |
M2 Weekly Change $-0.3 Billions from $11.8 Billions revised to $11.7 Billions. |
$-0.3B |
|
|
Money Supply |
M2 included M1 and, in addition, short-term time deposits in banks and certain money market funds. In general, an increase in the supply of money typically lowers interest rates. |
|
|
Fri |
Fixed Mortgage Rates |
Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell to 4.5% from 4.57% last week. |
4.5% |
|
|
Interest Rates |
The average on the 15-year fixed mortgage dipped to 3.54% from 3.59% last week. |
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 |
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