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Empire State Manufacturing Survey

IP, CPI, & the NY Fed Survey

December’s Industrial Production rose +0.6%, inline with a Bloomberg consensus forecast of +0.6%. November’s release was revised to +0.8% to +0.6%.  December’s reading was almost entirely due to a 5.9% jump in utilities stemming from extremely cold weather around the country. The index’s manufacturing component actually fell -0.1% during the month, while mining output rose […]

US Economics Week Ahead: Retail Sales & The Start of Earnings

With employment out of the way—for now—onto earnings; Alcoa is scheduled to kick of the 4Q09 earnings season with its report on Monday.  Earnings might be stealing most of the show this week, but don’t count out economic data with the release of a critically important retail sales release on Thursday and a torrent of […]

US Economics Week Ahead: Retail Sales will set the Pace

The last full week in November brings with it its fair share of economic data, Fed talk, and a few important earnings stragglers.  The general themes of the week will be housing, manufacturing, inflation, and the consumer.  On the economic front, October’s retail sales—released on Monday—should steal the show, followed up by October’s industrial production […]

US Economics Week Ahead: A Shortened Week with a Big Punch

Despite a holiday on Monday, we have a busy week on all fronts, combing a deep economic calendar with a flurry of critical earnings releases.  On the economics front the two most important indicators are retail sales on Wednesday and CPI on Thursday.  September’s retail sales could face some negative pressure on the back of […]

Retail Sales & NY Manf. Survey Better Than Expected; PPI Higher than Anticipated

August’s Retail Sales rose 2.7%, compared to a consensus forecast of +2.0% and a previous reading in July of -0.1%.  The ex-autos component of retail sales  came in at 1.1%, versus a consensus forecast of +0.4% and a previous reading of -0.6% in July.  Therefore, what is typically a bump in sales due to better […]

Empire State Manufacturing Survey Moves Into Positive Territory

The Empire State Manufacturing Survey moved back into positive territory for the first time in over a year in August with a reading of +12.08 from -0.55.  This is the index’s highest reading since November 2007.  New orders rose to +13.43 from +5.89, the prices paid index increased to +13.83 from +10.42m and the The […]

US Week Ahead: Where’s the Upside?

This week will provide us with our first peak into this month’s manufacturing and housing sector data with Monday’s Empire State Manufacturing Survey and NAHB/Wells Fargo Housing Market Index. They will be followed up later in the week with the Philly Fed manufacturing survey, and both housing starts and existing home sales on the housing […]