Homebuilder Confidence

October 17 2024 This series rose 2 points in October to 43 after climbing 2 points in September to 41 after declining 2 points in August..  These back-to-back increases follow four straight declines in this series. Keep in mind that the breakeven point for this...

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Industrial Production

October 17, 2024 Industrial production declined 0.3% in September after rising 0.3% in August after having fallen 0.6% in July.  The Fed reported that Hurricanes Helene and Beryl subtracted about 0.3% from the index and the Boeing strike subtracted another 0.3%. ...

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Initial Unemployment Claims

October 17, 2024 Initial unemployment claims declined 19 thousand in the week ending October 12  to 241 thousand after jumping 35 thousand in the previous week.   This series has risen slightly in the past three months.  The big increase last week may well reflect...

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Retail Sales

October 17, 2024 Retail sales rose 0.4% in September after gaining 0.1% in August and having jumped 1.2% in July.  In the past year retail sales have risen 1.9%. Motor vehicle sales were unchanged in September after having declined 0.4% in August but jumping 4.4%...

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Producer Price Index

October 11, 2024 The Producer Price Index for final demand  includes producer prices for goods, as well as prices for construction, services, government purchases, and exports and covers over 75% of domestic production. Producer prices for final demand was...

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Consumer Price Index

October 10, 2024 The CPI rose 0.2% in September which is the third consecutive month with a 0.2% increase. The year-over-year increase is currently 2.4%.  We now expect the CPI to increase 2.6% in 2024. Food prices rose 0.4% in September after climbing 0.1% in...

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Car and Truck Sales

October  9, 2024 Unit car and truck sales rose 3.3% in September to 15.774 million after having declined 3,8% in August.  Car sales seem to be plodding along at roughly the same pace as they have throughout the past year in a range from 15.0-15.5 million. We expect...

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Small Business Optimism

October 8, 2024 . Small business optimism rose 0.3 point in September to 91.5 after declining 2.5 points in August.  The level is well below the 40-year average so-called breakeven point for this series which is 98.0. NFIB Chief Economist William Dunkelberg said,...

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