Delayed October and September data released. Total October spend up 0.5% from August. Single-family residential spending dipped in both months. Read More
Posts By: xps
Residential Construction – Delayed Sep. & Oct. Permits
Housing starts delayed again until December. Single-family home permits were flat in September and August. Overall growth came mostly from apartment building permits in the South. Read More
Regional Inflation Rates – A few observations.
Inflation in the South running at almost twice that in the North-East. Los Angeles area experiencing price deflation, while the San Francisco Bay Area’s inflation rate is 60% higher than the national average. Read More
Capacity Utilization – Possible leading indicator?
Manufacturing utilization has been roughly level for a year and a half. Meanwhile, capacity utilization in the Non-Durable goods manufacturing sector is falling, and in a manner which has presaged recessions in the past. Read More
Retail Sales: Up 0.4% in October
An increase (seasonally adjusted) of $1730M, of which $1,056M came from Motor Vehicles & Parts Dealers. This series has been very volatile and dominant recently. Apart from Gas Stations, where prices dropped 10%, almost all other sections saw growth. Read More
Consumer Prices: CPI-W Inflation falls to 0.77%
CPI-U inflation at 0.94%. Gas prices fall by 10% (seasonally adjusted) in October, contributing -0.2% to the change in the overall indexes. Read More
Industrial Production, down 0.14% in October
Manufacturing Contributed 0.23% points, Mining -0.25% points, Utilities -0.11% points. Minor revisions to prior months. Read More