Initial Claims, Leading Indicators, Philly Fed
Weekly Initial Jobless Claims -10K to 312K Full Report
Inside the number: Continuing claims still rising +34K to 2.51 Million, the highest in six months.
August Philly Fed 18.5 vs prior 6 Full Report
Inside the number: the good news, the highest since April 05. new orders 15.7 vs prior 10.1; shipments 22.3 vs prior 10.2; prices paid 45.3 vs prior 50.3.
The bad news, 48% of firms still reported paying higher prices for inputs, down from 53%.
Worse news, future activity gauge down to 7.4 vs prior 15.4. Signaling a potential slowing and that this months new orders & shipments increase was an effort to clear backlogs and last minute orders.
July Leading Indicators -0.1% vs prior +0.1% Full Report
Inside the number: 5 of 10 indicators fell, building permits, initial unemployment claims, interest rate spread, manufacturers' new orders for non defense capital goods and real money supply.
Falling Building permits was the largest single influence on the index. Manufacturing hours, vendor performance, stock prices, consumer expectations and orders for consumer goods and materials all rose.
YOY Index +0.9%, over the last 6 months -0.7%, indicating a cooling housing sector, higher interest rates and energy costs, which are slowing the labor market and consumer spending down.
Inside the number: Continuing claims still rising +34K to 2.51 Million, the highest in six months.
August Philly Fed 18.5 vs prior 6 Full Report
Inside the number: the good news, the highest since April 05. new orders 15.7 vs prior 10.1; shipments 22.3 vs prior 10.2; prices paid 45.3 vs prior 50.3.
The bad news, 48% of firms still reported paying higher prices for inputs, down from 53%.
Worse news, future activity gauge down to 7.4 vs prior 15.4. Signaling a potential slowing and that this months new orders & shipments increase was an effort to clear backlogs and last minute orders.
July Leading Indicators -0.1% vs prior +0.1% Full Report
Inside the number: 5 of 10 indicators fell, building permits, initial unemployment claims, interest rate spread, manufacturers' new orders for non defense capital goods and real money supply.
Falling Building permits was the largest single influence on the index. Manufacturing hours, vendor performance, stock prices, consumer expectations and orders for consumer goods and materials all rose.
YOY Index +0.9%, over the last 6 months -0.7%, indicating a cooling housing sector, higher interest rates and energy costs, which are slowing the labor market and consumer spending down.
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