Economic Data for Week 43-2013 | Global View
| Week Rating
| DATE/WEEK |
DAY |
REPORT/CATEGORY |
HIGHLIGHTS ON WEEK 43-2013 |
LAST |
|
Mon |
Chicago Fed Nat Activity Index |
CFNAI, originally scheduled for release October 21, have been postponed to November 12, Week 46, due to the government shutdown. |
N/A |
|
 |
Growth |
N/A. |
|
|
Mon |
Existing Home Sales Index |
Home sales cooled in September 2013 because of higher interest rates, and the recent government shutdown may put a damper on activity for this month. |
5.29M
Level |
|
|
Real Estate |
Existing home sales dropped 1.9% in September 2013 to a seasonally adjusted annual rate of 5.29 million from 5.39 million in August 2013 but were still up 10.7% from last year, the National Association of Realtors said Monday. |
|
|
Tue |
ICSC Goldman Sachs Index |
According to the the International Council of Shopping Centers-Goldman Sachs channel checking survey, the comparable store sales index for the week ended Oct. 19 rose 1.4% from the prior week and by 3.2% from a year earlier the strongest gain in five weeks. |
2.2%
Y/Y
|
|
|
Sales and Inventories |
As the federal government shutdown came to an end, consumers were seemingly back in a modd to shop. On a year-on-year basis, the weekly reading was up 2.2% |
|
|
Tue |
Employment Situation |
In somewhat brighter news, the unemployment rate for the country was expected to be unchanged during the month at 7.3%, but September's numbers saw the month's rate decline by 0.1% for a new total of 7.2%. |
7.2% |
|
|
Employment |
While the unemployment rate has declined by nearly half a point since June 2013, the number of unemployed persons remains at 11.3 million nationwide. |
|
|
Tue |
Treasury Intal. Capital |
Foreign demand for U.S. securities has been unusually soft this year with outflows in six of the last seven months. August's net outflow is $8.9 billion with weakness centered in foreign demand for equities where the outflow is a steep $16.9 billion. |
$-8.9B |
|
|
Balance of Payments |
Deepening this year's investment outflow has been active buying of foreign securities by US accounts. Net buying of foreign long-term securities totals $0.4 billion in the latest report following July's heavy outflow of $15.7 billion. |
|
|
Tue |
Construction Spending |
Data were not all on the disappointing side as construction outlays were well positive and topped expectations. Construction spending in August 2013 advanced 0.6%, following an increase of 1.4% in July 2013 whcih originally was up 0.6% |
0.6%
M/M |
|
|
Growth |
The gain in August 2013 was led by private residential outlays which posted a 1.2% boost, following a rise of 0.3% the month before. While the multifamily subcomponent led the way, the single-family subcomponent also was strong. |
|
|
Tue |
Johnson Redbook |
National chain-store sales fell 1.5% in the first two weeks of October, compared with the comparable period in September, according to Redbook Research's latest indicator, released Tuesday. Sales for the week were up 2.9% year-to-year. |
2.29
Y/Y
|
|
|
Sales and Inventories |
The Johnson Redbook Sales Index also showed seasonally adjusted sales for the period increased 3% from a year earlier, but were short of a target for 3.6% growth. October is a four-week month on the retail calendar and ends Nov. 2. September was a five-week month and ended on Oct. 5. |
|
|
Wed |
MBA purchase Applications |
Applications for U.S. home loans dropped slightly in the latest week as decreased refinancing activity offset a slight rise in demand for purchase loans, data from an industry group showed on Wednesday. |
-0.6%
W/W |
|
|
Real Estate |
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.6% in the week ended Oct. 18. That followed a gain of 0.3% in the previous week |
|
|
Wed |
Import and Export Prices |
Import and exports prices firmed a little in September 2013 but the upward pressures were narrowly focused. Import prices rose 0.2% after a gain of the same size in August 2013. |
0.2%
Y/Y |
|
|
Inflation |
The driver of the gains was petroleum import prices, up 0.8% in September 2013 and up 1.9% the prior month. Non-petroleum was flat in September 2013 after a dip of 0.2% in August 2013. Year-on-year, import prices are down 1.0%. |
|
|
Wed |
FHFA House Price Index |
U.S. house prices rose 0.3% in August 2013 from July 2013, the smallest gain in 11 months, as more homeowners listed their properties, according to the Federal Housing Finance Agency. |
0.3% |
|
|
Real Estate |
The seasonally adjusted increase was less than the 0.8 percent average estimate of 15 economists. Prices climbed 8.5% from a year earlier, the FHFA said today in a report from Washington. |
|
|
Wed |
Construction Spending |
|
0.6% |
|
|
Growth |
|
|
|
Wed |
EIA Crude Oil |
A big jump in domestic production together with falling demand from refineries combined for a 5.2 million barrel build in oil inventories to 379.8 million. This is the 5th straight weekly build. |
5.2M
Barrels
|
|
|
Commodity |
For only the second time in the weekly records, domestic production -- at 7.9 million barrels per day -- outstripped imports at 7.7 million. Domestic production, which is up a year-on-year 20%, first surpassed imports mid-month last month. |
|
|
Thu |
Jobless/Initial Claims |
First-time jobless claims dropped last week as fewer federal workers applied for benefits, but the figures remained inflated by the 16-day partial government shutdown. |
350K |
|
|
Employment |
The total number of people filing for initial unemployment benefits fell to 350,000 in the week ending Saturday, down from the previous week's revised figure of 362,000, the Labor Department said Thursday. |
|
|
Thu |
U.S. Trade Balance |
The trade deficit widened marginally in August 2013 but from an improved July 2013 number. The August 2013 trade gap posted at $38.8 billion compared to $38.6 billion in July 2013 (originally $39.1 billion).
|
$-38.8
Billions |
|
|
Balance of Payments |
The market median forecast was for a $40.0 billion gap. Exports slipped 0.1%, following a 0.6% decline in July 2013. Imports were unchanged in August after a 1.3 percent gain the prior month. |
|
|
Thu |
New Home Sales |
New Home Sales, originally scheduled for release October 24, have been postponed to December 04, Week 09, due to the government shutdown. |
N/A |
|
|
Real Estate |
N/A. |
|
|
Thu |
EIA Natural Gas Report |
Prior 77 bcf Actual 87 bcf. |
87 bcf |
|
|
Commodity |
Natural gas in storage rose 87 billion cubic feet in the October 18 week to 3,741 bcf. |
|
|
Thu |
Fed Balance Sheet |
For the October 23 week, the Fed balance sheet expanded $25.4 billion after growing $54.9 billion the week before. The increase was led by a $12.9 billion boost in mortgage-backed securities with holdings of Treasuries rising $11.4 billion. |
$25.4B |
|
|
Government |
Total assets for the October 23 week were $3.839 trillion. Reserve Bank credit for the October 23 week gained $20.4 billion, following a rise of $51.1 billion the prior week. |
|
|
Thu |
M2 Money Supply |
M2 Weekly Change $28.8 Billions from $25.7 Billions revised to $25.8 Billions. |
$28.8B |
|
|
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 |
The 30-year fixed-rate mortgage (FRM) averaged 4.13% with an average 0.8 point for the week ending October 24, 2013, down from last week when it averaged 4.28 percent. A year ago at this time, the 30-year FRM averaged 3.41%. |
4.13% |
|
|
Interest Rates |
The 15-year FRM this week averaged 3.24% with an average 0.6 point, down from last week when it averaged 3.33%. A year ago at this time, the 15-year FRM averaged 2.72%. |
|
|
Fri |
Durable Goods Orders |
Orders for a wide range of U.S.-made capital goods plummeted in September 2013 and consumer sentiment weakened sharply in October 2013, signs that a budget battle in Washington has held back the economy. |
3.7% |
|
|
Manufacturing |
New orders of non-military capital goods other than aircraft, an indicator of business spending plans, fell 1.1% last month, the Commerce Department said on Friday. |
|
|
Fri |
Consumer Sentiment |
October 2013 has not been an upbeat month for consumer spirits. The consumer sentiment index fell to 73.2 in the final October reading, down from 75.2 at mid-month and down from 77.5 in final September 2013. |
73.2 |
|
|
Consumer |
The decline appears to have been building up steam with the implied reading for the second half of the month in the low 70s which is the lowest indication in 2 years. |
|
|
Fri |
Wholesale Trade |
Inventories rose a sizable 0.5% in August 2013 for the largest build since January, but the build was matched by a 0.6% pop higher for sales. The readings keep the wholesale stock-to-sales ratio unchanged at 1.17 for a straight third month. |
0.5% |
|
|
Sales and Inventories |
Inventories in the sector are at their leanest levels since early last year. Draws are being reported in computer equipment, machinery, farm products, paper products, and metals. But wholesale inventories of autos have been building in line with a slowing in dealer sales. |
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