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Economy

Economic Data (USA)

Thursday, September 19, 2019

New Unemployment Insurance Claims for The Week of September 14, 2019

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 14, 2019:

Predicted: 215,000
Actual: 208,000

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 206,000
  • 4-Week Moving Average: 212,250
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Chart: Jobless Claims - September 14, 2019 Update
Chart: Jobless Claims - September 14, 2019 Update
  
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Existing Home Sales - August 2019

The Existing Home Sales report for August 2019 was released by The National Association of Realtors® (NAR®) this morning:

Predicted: 5,380,000
Actual: 5,490,000

  •  Change from Previous Month: +1.3%

  •  Change from One Year Previous: +2.6%
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Inventory: 1,860,000 (4.1 months supply)

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The yellow-highlighted, "actual" figure above represents the preliminary, seasonally adjusted annualized sales count of existing homes, co-ops and condominiums for the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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Median Price for A Used Home During August 2019: $278,200

Change from One Year Previous: +4.7%

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Average Price for A Used Home During August 2019: $314,600

Change from One Year Previous: +3.5%

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From Today's Report:


"...Existing-home sales inched up in August, marking two consecutive months of growth, according to the National Association of Realtors®. Three of the four major regions reported a rise in sales, while the West recorded a decline last month.

Lawrence Yun, NAR’s chief economist, attributed the increase in sales to falling mortgage rates. 'As expected, buyers are finding it hard to resist the current rates,' he said. 'The desire to take advantage of these promising conditions is leading more buyers to the market.'

'Sales are up, but inventory numbers remain low and are thereby pushing up home prices,' said Yun. 'Homebuilders need to ramp up new housing, as the failure to increase construction will put home prices in danger of increasing at a faster pace than income.'

Total housing inventory at the end of August decreased to 1.86 million, down from 1.90 million existing-homes available for sale in July, and marking a 2.6% decrease from 1.91 million one year ago. Unsold inventory is at a 4.1-month supply at the current sales pace, down from 4.2 months in July and from the 4.3-month figure recorded in August 2018.

Properties typically remained on the market for 31 days in August, up from 29 days in July and in August of 2018. Forty-nine percent of homes sold in August were on the market for less than a month.

According to Freddie Mac, the average commitment rate for a 30-year, conventional,
fixed-rate mortgage decreased to 3.62% in August, down from 3.77% in July. The average commitment rate across all of 2018 was 4.54%.

The Federal Reserve should have been bolder and made a deeper rate cut, given current low inflation rates,' said Yun. 'The housing sector has been broadly underperforming but there is huge upward potential there that will help our overall economy grow.'

First-time buyers were responsible for 31% of sales in August, down from 32% in July and equal to the 31% recorded in August 2018. NAR’s 2018 Profile of Home Buyers and Sellers --
released in late 2018 -- revealed that the annual share of first-time buyers was 33%.

As the share of first-time buyers rose, individual investors or second-home buyers, who account for many cash sales, purchased 14% of homes in August 2019, up from 11% recorded in July and from 13% recorded in August a year ago. All-cash sales accounted for 19% of transactions in August, about equal to July’s percentage and moderately down from August 2018 (19% and 20%, respectively).

Distressed sales -- foreclosures and short sales -- represented 2% of sales in August, unchanged from July, but down from 3% in August 2018.

'Rates continue to be historically low, which is extremely beneficial for everyone buying or selling a home,' said NAR President
John Smaby, a second-generation Realtor® from Edina, Minnesota, and broker at Edina Realty. 'The new condominium loan policies, as well as other reforms NAR is pursuing within our housing finance system, will allow even more families and individuals in this country to reach the American Dream of homeownership.'..."

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Wednesday, September 18, 2019

Housing Starts During August 2019

The U.S. Commerce Department this morning released its Housing Starts report for August 2019:

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Housing Starts:
Predicted: 1,251,000
Actual: 1,364,000

Change From Previous Month: +12.263% (+149,000 units)
Change From One Year Previous: +6.646% (+85,000 units)

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Building Permits:
Predicted: 1,300,000
Actual: 1,419,000

Change From Previous Month: +7.745% (+102,000 units)
Change From One Year Previous: +11.997% (+152,000 units)

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Housing Starts: The top, yellow-highlighted figure is a measure of initial construction of single and multi-family residential units in the United States for the indicated month. Seasonally adjusted annual rate. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

If you're wondering about the demand for new homes in the United States, or about the American residential construction industry in general, then you should pay attention to the monthly Housing Starts report. This report also offers insight into specific types of consumer spending: when housing starts are up, demand for the stuff that a consumer would purchase for a new home (large appliances, consumer electronics, furniture, etc.) tends to also rise -- and vice versa.



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Chart: Housing Starts - August 2019 Update
Chart: Housing Starts - August 2019 Update
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Tuesday, September 17, 2019

Industrial Production + Manufacturing + Capacity Utilization During August 2019

The Industrial Production, Manufacturing and Capacity Utilization numbers for August 2019 were released by the Federal Reserve this morning:

Industrial Production:
Predicted: +0.2%
Actual: +0.6%

Manufacturing:
Predicted: +0.1%
Actual: +0.5%

The yellow-highlighted percentages represent the month-to-month change in manufacturing, and physical output from mining operations, utility plants and factories for the entire United States.

Capacity Utilization Rate:
Predicted: 77.6%
Actual: 77.9

The Capacity Utilization Rate represents the use of available resources at mining operations, utility plants and factories for the entire United States last month.

The "predicted" figures are what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the first four months of the year. In August, the indexes for utilities and mining moved up 0.6 percent and 1.4 percent, respectively. At 109.9 percent of its 2012 average, total industrial production was 0.4 percent higher in August than it was a year earlier. Capacity utilization for the industrial sector increased 0.4 percentage point in August to 77.9 percent, a rate that is 1.9 percentage points below its long-run (1972–2018) average..."

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Friday, September 13, 2019

U.S. Retail And Food Services Sales Report for August 2019

The Commerce Department this morning released advance estimates of U.S. Retail and Food Services Sales for August 2019:

Predicted: +0.2%
Actual: +0.361% (+$1,892,000,000)

The yellow-highlighted percentage represents the month-to-month change in total sales receipts for retailers that sell durable and non-durable goods, and retailers that provide food and beverage services.

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  • Estimated Retail Sales During August 2019: $526,057,000,000
  • Change From 12 Months Previous: +4.135% (+$20,890,000,000)

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Chart: Retail Sales - August 2019 Update
Chart: Retail Sales - August 2019 Update

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Import and Export Price Indexes for August 2019

The Labor Department's Bureau of Labor Statistics this morning released its report on U.S. Import and Export Price Indexes for August 2019:

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Import Prices
Predicted: -0.5%
Actual: -0.5%

Change From 12 Months Previous: -2.0%

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Export Prices
Predicted: -0.1%
Actual: -0.6%

Change From 12 Months Previous: -1.4%

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The above percentages, highlighted in yellow, represent the month-to-month change in prices for:

  • Imports: the cost of goods produced in other countries and sold in the United States.
  • Exports: the cost of goods produced in the USA and sold in other countries.

Together, these indexes offer insight into the status of inflation in the United States, and for the global economy as well. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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Chart: Import Price Index - August 2019 Update
Chart: Import Price Index - August 2019 Update

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Chart: Export Price Index - August 2019 Update
Chart: Export Price Index - August 2019 Update

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Thursday, September 12, 2019

New Unemployment Insurance Claims for The Week of September 7, 2019

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on September 7, 2019:

Predicted: 215,000
Actual: 204,000

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 219,000
  • 4-Week Moving Average: 212,500
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Consumer Price Index (CPI) for August 2019

Earlier this morning, the Labor Department's Bureau of Labor Statistics released the Consumer Price Index (CPI) for August 2019:

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Predicted: +0.1%
Actual: +0.1%

  • Change From 12 Months Previous: +1.7%

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Below is the CPI when food and energy are removed, also known as core CPI:

Predicted: +0.2%
Actual: +0.3%

  • Change From 12 Months Previous: +2.4%

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The above, yellow-highlighted figures represent the seasonally adjusted, month-to-month change in prices for a specific group of goods and services that consumers buy, and is, therefore, a very important part of the overall inflation picture for the country.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

General categories that constitute the CPI are:

  • Healthcare
  • Housing
  • Clothing
  • Communications
  • Education
  • Transportation
  • Food and Beverages
  • Recreation
  • Miscellaneous Goods and Services (grooming expenses, etc.)

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From Today's Report:

"...Increases in the indexes for shelter and medical care were the major factors in the seasonally adjusted all items monthly increase, outweighing a decline in the energy index. The energy index fell 1.9 percent in August as the gasoline index declined 3.5 percent. The food index was unchanged for the third month in a row.

The index for all items less food and energy rose 0.3 percent in August, the same increase as in June and July. Along with the indexes for medical care and shelter, the indexes for recreation, used cars and trucks, and airline fares were among the indexes that increased in August. The indexes for new vehicles and household furnishings and operations declined over the month..."

 
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Chart: Consumer Price Index (CPI) - August 2019 Update
Chart: Consumer Price Index (CPI) - August 2019 Update

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Wednesday, September 11, 2019

Producer Price Index - Final Demand (PPI-FD) for August 2019

The Producer Price Index - Final Demand (PPI-FD) for August 2019 was released this morning:

Predicted: +0.1%
Actual: +0.1%

Change from 12 months previous:  +1.8%

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Below is the PPI-FD when food, energy and trade services are removed:

Predicted: +0.1%
Actual:  +0.4%

Change from 12 months previous:  +1.9%

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The above, yellow-highlighted percentages represent the month-to-month change in prices received by domestic producers of goods and services, for goods, services and construction in the United States, for final demand.

Final Demand = personal consumption (consumers), exports, government purchases and capital investment.

The PPI-FD is released by the Labor Department's Bureau of Labor Statistics.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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Crude Oil Inventories Report for Week of September 6, 2019

The U.S. Crude Oil Inventories report for the week that ended on September 6, 2019 was released this morning:

-- Change from Last Week: -6,900,000 Barrels

-- Change from A Year Ago (Y/Y): +19,900,000 Barrels

-- Current U.S. Crude Oil Stocks: 416,100,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).



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Job Openings and Labor Turnover Survey (JOLTS) for July 2019

The Job Openings and Labor Turnover Survey (JOLTS) for July 2019 was released by the Labor Department this morning:

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Job Openings

Predicted: 7,311,000
Actual:    7,217,000

  • Previous Month (revised): 7,248,000

  • One Year Previous: 7,442,000

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Hires: 5,953,000

Total Separations: 5,759,000

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The above, yellow-highlighted percentage represents the estimated number of job openings in the United States during the indicated month. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

Here's how the Labor Department defines Total Separations:

"Total separations includes quits, layoffs and discharges, and other separations. Total separations is referred to as turnover. Quits are generally voluntary separations initiated by the employee. Therefore, the quits rate can serve as a measure of workers’ willingness or ability to leave jobs. Layoffs and discharges are involuntary separations initiated by the employer. Other separations includes separations due to retirement, death, disability, and transfers to other locations of the same firm."

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Chart: Job Openings, Hires and Separations - July 2019 Update
Chart: Job Openings, Hires and Separations - July 2019 Update

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Monday, September 09, 2019

Consumer Credit Status Report - July 2019

The Consumer Credit Status Report for July, 2019 was released by the Federal Reserve earlier this afternoon:

Total (preliminary): +6.8%

Revolving (preliminary): +11.2%

Nonrevolving (preliminary): +5.3%

The above figures represent the seasonally adjusted, month-to-month change in outstanding, installment-based consumer credit; does not include real-estate-secured loans, like mortgages.

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Previous Month Total (revised): +4.0%

Previous Month Revolving (revised): -0.2%

Previous Month Nonrevolving (revised): +5.6%

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Q2, 2019 (revised): +4.6% 

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Total Outstanding Consumer Credit (preliminary): $4,122,900,000,000

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Click here to view the full Consumer Credit report.


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Friday, September 06, 2019

Employment Situation Report for August 2019

The Employment Situation Report for August 2019 was released by The Department of Labor's Bureau of Labor Statistics this morning:

Nonfarm Payrolls (month-to-month change)
Predicted: +163,000
Actual: +130,000


U-3 Unemployment Rate (Headline)
Actual: 3.7%
Previous Month: 3.7%
12 Months Previous: 3.8%

U-6 Unemployment Rate*
Actual: 7.2%
Previous Month: 7.0%
12 Months Previous: 7.4%

Average Hourly Earnings (month-to-month change)
Predicted: +0.3%
Actual: +0.393% (+$0.11)

Average Hourly Earnings (year-on-year change)
Predicted: +3.1%
Actual: +3.232% (+$0.88)

Average Weekly Earnings (month-to-month change)
Actual: +0.685% (+$6.58)


Average Weekly Earnings (year-on-year change)
Actual: +2.932% (+$27.54)

Civilian Labor Force Participation Rate: 63.2%
Previous Month: 63.0%
12 Months Previous: 62.7%

Average Workweek
Predicted: 34.4 hours
Actual: 34.4 hours

Economist, academics, central bankers and investors pay very close attention to the monthly Employment Situation report as it offers penetrating insight as to the current and near-future state of the overall U.S. economy. If a) Americans are earning more money and b) the economy is creating new jobs, this typically translates to more money being pumped into the economy (and vice versa.)

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

From today's report:

"...In August, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents
[+0.393%] to $28.11, following 9-cent gains in both June and July. Over the past 12 months, average hourly earnings have increased by [+3.232%]. In August, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents [+0.468%] to $23.59.

The change in total nonfarm payroll employment for June was revised down by 15,000 from +193,000 to +178,000, and the change for July was revised down by 5,000 from +164,000 to +159,000. With these revisions, employment gains in June and July combined were 20,000 less than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.) After revisions, job gains have averaged 156,000 per month over the last 3 months.
After revisions, job gains have averaged 156,000 per month over the last 3 months..." [Establishment Survey Data]
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 * =  The U-6 Unemployment Rate is defined as:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force."


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Thursday, September 05, 2019

New Unemployment Insurance Claims for The Week of August 31, 2019

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on August 31, 2019:

Predicted: 215,000
Actual: 217,000

The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Previous Week (revised): 216,000
  • 4-Week Moving Average: 216,250
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Productivity and Labor Costs Report for Q2 2019 (Revised)

The Labor Department's Bureau of Labor Statistics (BLS) this morning released its quarterly report on Productivity and Unit Labor Costs for the second quarter of 2019 (revised):

Nonfarm Productivity
Predicted: +2.3%
Actual: +2.3%

  • Change from A Year Ago: +1.8%

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Unit Labor Costs
Predicted: +2.4%
Actual: +2.6%

  • Change from A Year Ago: +2.6%

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The yellow-highlighted percentages represent the quarter-to-quarter change in non-farm productivity and unit labor costs for the United States.


For non-farm productivity, a positive number represents an improvement in the efficiency of producing domestic goods and services in the U.S., and therefore can signify a favorable inflationary outlook, and vice versa.

The Unit Labor Costs report measures the costs related to producing each unit of output. A positive number can be a harbinger of rising inflation, and vice versa.

The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.


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Chart: Labor Productivity - Q1 2015 Through Q2 2019 (Revised)
Chart: Labor Productivity | Q1 2015 Through Q2 2019 (Revised)


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Chart: Unit Labor Costs | Q1 2015 Through Q2 2019 (Revised)
Chart: Unit Labor Costs | Q1 2015 Through Q2 2019 (Revised)

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  • The revised productivity report for Q3 2019 is scheduled to be released on Tuesday, December 10, 2019.
 
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Crude Oil Inventories Report for Week of August 30, 2019

The U.S. Crude Oil Inventories report for the week that ended on August 30, 2019 was released this morning:

-- Change from Last Week: -4,800,000 Barrels

-- Change from A Year Ago (Y/Y): +21,500,000 Barrels

-- Current U.S. Crude Oil Stocks: 423,000,000 Barrels

Diminishing crude oil inventories often translate to higher crude oil prices (and vice versa), but not always.

The report is produced by the U.S. Energy Information Administration (EIA).

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U.S. Factory Orders During July 2019

The U.S. Census Bureau this morning released their report on Manufacturers' Shipments, Inventories and Orders -- also known as Factory Orders -- for July 2019:

Predicted: +1.0%
Actual: +1.404% (+$6,927,000,000)

  • July 2019 New Orders: $500,278,000,000.

  • June 2019 New Orders: $493,351,000,000.

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The yellow-highlighted percentage is the month-to-month change in orders for both durable and nondurable goods made by from U.S. manufacturers. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

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Chart: U.S. Factory Orders - July 2019 Update
Chart: U.S. Factory Orders - July 2019 Update

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ISM Non-Manufacturing Index (NMI®) for August 2019

Earlier today, the Institute for Supply Management (ISM®) released their Non-Manufacturing Index (NMI®) for August 2019:

Predicted: 55.5%
Actual: 56.4% (+2.7 points month-on-month change)

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Previous month: 53.7%

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The NMI is a reliable barometer of the U.S. services sector; above 50% implies expansion, while a reading below 50% implies that the services sector contracted.

Service Categories Include: Agriculture, Forestry, Fishing + Hunting; Mining; Utilities; Construction; Wholesale Trade; Retail Trade; Transportation + Warehousing; Information; Finance + Insurance; Real Estate, Rental + Leasing; Professional, Scientific + Technical Services; Management of Companies + Support Services; Educational Services; Health Care + Social Assistance; Arts, Entertainment + Recreation; Accommodation + Food Services; Public Administration; and Other Services (services such as Equipment + Machinery Repairing; Promoting or Administering Religious Activities; Grantmaking; Advocacy; and Providing Dry-Cleaning + Laundry Services, Personal Care Services, Death Care Services, Pet Care Services, Photofinishing Services, Temporary Parking Services, and Dating Services).

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From today' report:

"...Economic activity in the non-manufacturing sector grew in August for the 115th consecutive month, say the nation’s purchasing and supply executives in the latest Non-Manufacturing ISM® Report On Business®..."

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Here's a sampling of comments made by survey participants:

  •    “Tariffs are affecting the cost of goods on all items imported from China. We’ve experienced a 10-percent increase on Chinese ingredients which kicked in on August 1.”
     (Accommodation  + Food Services)

  •     “Generally good. Volumes are near expectations; however, commodity volatility is creating some challenges.”
     (Agriculture, Forestry, Fishing  + Hunting)

  •     “Lower mortgage rates have not had a great effect on new residential construction sales. Tariffs continue to apply upward cost pressures to current supply chains.”
     (Construction)

  •     “Trading volumes slowed, despite an extra day in the month for financial market activity. The competitive landscape for financial services continues to be challenging, with new lower cost offerings from competitors and new startups. At the end of the month, the federal funds rate was lowered to 2.25 percent, which affects company revenues.”
     (Finance  + Insurance)

  •     “The advertising specialties industry continues to remain robust, despite the escalation of tariffs on apparel and other related promotional products. Many suppliers bought deep into inventory to avoid price increases; however, pricing effects from the tariffs are trickling into the supply chain. Clients are still converting quotes into orders, and we are still on track for a record sales year.”
     (Management of Companies  + Support Services)

  •     “Summer doldrums appear to be over, and the fourth quarter will be solid, with higher-than-expected revenues.”
     (Professional, Scientific  + Technical Services)

  •     “Construction markets remain busy. Projects that were delayed are trying to get back on track.”
     (Real Estate, Rental  + Leasing)

  •     “As Q2 wraps up for many retailers, we begin focusing on holiday readiness. In turn, head count and requests for additional products and services will gradually increase.”
     (Retail Trade)

  •     “Our summer load factor was high, and as we transition to the holiday season, we are forecasting a high load as well.”
     (Transportation  + Warehousing


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ISM Non-Manufacturing Index (NMI®) - 12 Month History August 2019 Update
ISM Non-Manufacturing Index (NMI®) - 12 Month History
August 2019 Update

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Tuesday, September 03, 2019

Construction Spending During July 2019

Earlier today, the U.S. Census Bureau -- which is part of the Commerce Department -- released its Construction Spending report for July 2019:

Predicted: +0.3%
Actual: +0.056% (+$724,000,000)

The yellow-highlighted percentage represents the month-to-month change in new public and private construction activity for the United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.

  • Estimated construction spending during July 2019: $1,288,794,000,000.

  • June 2019 (revised): $1,288,070,000,000.
     
  • Change from 12 months previous: -2.718% (-$36,009,000,000.)

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Chart: Construction Spending - July 2019 Update
Chart: Construction Spending - July 2019 Update

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ISM Manufacturing Index for August 2019

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for August 2019:

Predicted: 51.3%
Actual: 49.1% (-2.1 points month-on-month change)

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Previous month: 51.2%

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Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

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From Today's Report:

"...Economic activity in the manufacturing sector contracted in August, and the overall economy grew for the 124th consecutive month, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."
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The following is a sampling of quotes from a diverse pool of U.S. manufacturers:



  •     'Seeing some relief in the availability of electronic components in the marketplace, but there are still pockets of short supply, allocation, long lead times and the like. Tariffs continue to be a strain on the supply chain and the economy overall. '
     (Computer + Electronic Products)

  •      'While business is strong, there is an undercurrent of fear and alarm regarding the trade wars and a potential recession. '
     (Chemical Products)

  •      'Slowest month (July) this year so far in sales. '
     (Transportation Equipment)

  •      'Late planting of the corn and soybean crops has increased uncertainty over the final acres and yields. This is leading to volatile markets. '
     (Food, Beverage + Tobacco Products)

  •      'Slightly lower rate of incoming orders may be seasonal or a sign of a general slowdown. Monitoring closely. '
     (Fabricated Metal Products)

  •      'Incoming sales seem to be slowing down, and this is usually our busiest season. Concerns about the economy and tariffs. '
     (Furniture + Related Products)

  •      'Business is starting to show signs of a broad slowdown. '
     (Machinery)

  •      'Generally, business remains steady. However, we continue to plan for a hard Brexit and a long trade war between the U.S. and China. '
     (Miscellaneous Manufacturing)

  •      'The market for large building structures is slowing. '
     (Nonmetallic Mineral Products)

  •      'Current business is OK, nothing to brag about. Under projections and slightly below last year, [but] margins are hanging in there. '
     (Plastics + Rubber Products)

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ISM Manufacturing Index - 12 Month History - August 2019 Update
ISM Manufacturing Index - 12 Month History
August 2019 Update

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