 University of Michigan Consumer Confidence rose in September 2022 to 58.6 Posted: September 30, 2022 at 10:00 AM (Friday)Consumer sentiment was essentially unchanged in September, just 0.4 index points above August, according to the University of Michigan Surveys of Consumers.
The one-year economic outlook continued lifting from the extremely low readings earlier in the summer, but these gains were largely offset by modest declines in the long-run outlook, said U-M economist Joanne Hsu, director of the surveys. ... |
 Chicago Purchasing Managers Index fell to 45.7 in September 2022 Posted: September 30, 2022 at 09:45 AM (Friday)The Chicago Business BarometerTM, produced with MNI, declined to a more than two-year low in September. The indicator tumbled by 6.5 points to 45.7, entering contraction territory for the first time since June 2020.
• All main indicators fell in September, with production, new orders, order backlogs, employment and supplier deliveries all weakening to Summer 2020 lows. The largest declines were recorded in employment, order backlogs and production sub-indices. ... |
 Personal Income Increased 0.3%, Spending Increased 0.4% in August 2022 Posted: September 30, 2022 at 08:30 AM (Friday)Personal income increased $71.6 billion (0.3 percent) in August, according to estimates released today by the Bureau of Economic Analysis (tables 3 and 5). Disposable personal income (DPI) increased $67.6 billion (0.4 percent) and personal consumption expenditures (PCE) increased $67.5 billion ... |
 2Q2022 GDP final estimate decreased 0.6% Posted: September 29, 2022 at 08:30 AM (Thursday)Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 1.6 percent (same as ... |
 Weekly Initial Unemployment Claims decrease 16,000 to 193,000 Posted: September 29, 2022 at 08:30 AM (Thursday)In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 213,000 to 209,000. The 4-week moving average was 207,000, a decrease of 8,750 from the previous week's revised average. ... |
 Pending Home Sales down 2.0% in August 2022 Posted: September 28, 2022 at 10:00 AM (Wednesday)Pending home sales sagged for the third straight month in August, according to the National Association of REALTORS®. Three out of four major regions experienced month-over-month decreases in transactions, however, the West saw a modest gain. Year-over-year, all four regions posted ... |
 Purchase Apps Down, Refi's Down in Latest MBA Weekly Survey Posted: September 28, 2022 at 07:00 AM (Wednesday)Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 23, 2022.
The Market Composite Index, a measure of mortgage loan application volume, decreased 3.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 4 percent compared with the previous week. The Refinance Index decreased 11 ... |
 New Home Sales in August 2022 at annual rate of 685,000 Posted: September 27, 2022 at 10:00 AM (Tuesday)New Home Sales
Sales of new single‐family houses in August 2022 were at a seasonally adjusted annual rate of 685,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 28.8 percent (±18.3 percent) above the revised July rate of 532,000, but is 0.1 percent ... |
 Consumer Confidence increased in September 2022 to 108.0 Posted: September 27, 2022 at 10:00 AM (Tuesday)The Conference Board Consumer Confidence Index® increased in September for the second consecutive month. The Index now stands at 108.0 (1985=100), up from 103.6 in August. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—rose to 149.6 from 145.3 last month. The Expectations Index—based ... |
 Richmond Fed's Current Activity rose to 0 in September 2022 Posted: September 27, 2022 at 10:00 AM (Tuesday)Many Fifth District manufacturing firms reported little change in activity in September, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose from −8 in August to 0 in September, matching its July level. Two of its three component indexes improved notably: the indexes for ... |
 S&P CoreLogic Case-Shiller Home Price Indices decrease 0.3% in July 2022 Posted: September 27, 2022 at 09:00 AM (Tuesday)S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for July 2022 show that home price gains decelerated across the United States.
YEAR-OVER-YEAR
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 15.8% annual gain in July, down from 18.1% in the previous month. The 10-City Composite annual increase came in at 14.9%, down from 17.4% in ... |
 August 2022 New Orders for Durable Goods decreased 0.2%, Ex-Trans up 0.2% Posted: September 27, 2022 at 08:30 AM (Tuesday)New Orders
New orders for manufactured durable goods in August, down two consecutive months, decreased $0.6 billion or 0.2 percent to $272.7 billion, the U.S. Census Bureau announced today. This decrease followed a 0.1 percent July decrease. Excluding transportation, new orders increased 0.2 percent. Excluding defense, new orders decreased ... |
 Texas Fed Manufacturing Activity picked up in September 2022 Posted: September 26, 2022 at 10:30 AM (Monday)Growth in Texas factory activity picked up in September, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, rose eight points to 9.3, a reading suggestive of stronger ... |
 Chicago Fed National Activity Index Suggests economic growth moderated in August 2022 Posted: September 26, 2022 at 08:30 AM (Monday)Led by declines in production-related indicators, the Chicago Fed National Activity Index (CFNAI) decreased to a neutral value in August from +0.29 in July. Three of the four broad categories of indicators used to construct the index made positive contributions in August, but three categories deteriorated from July. The index’s three-month ... |
 Kansas City Fed Manufacturing Activity continued to decelerate in September 2022 Posted: September 22, 2022 at 11:00 AM (Thursday)Tenth District manufacturing activity continued to decelerate in September, but growth remained slightly positive. Expectations for future activity remained moderate. Monthly survey price indexes saw slight growth from the previous month. Price indexes were still above year-ago levels for most firms, and most firms expected further price ... |
 U.S. Leading Economic Index decreased by 0.3% in August 2022 Posted: September 22, 2022 at 10:00 AM (Thursday)The Conference Board Leading Economic Index® (LEI)for theU.S. decreased by 0.3 percent in August 2022 to 116.2 (2016=100), after declining by 0.5 percent in July. The LEI fell 2.7 percent over the six-month period between February and August 2022, a reversal from its 1.7 percent growth over the previous ... |
 2Q2022 Current Account Deficit Decreased Posted: September 22, 2022 at 08:30 AM (Thursday)The U.S. current-account deficit, which reflects the combined balances on trade in goods and services and income flows between U.S. residents and residents of other countries, narrowed by $31.5 billion, or 11.1 percent, to $251.1 billion in the second quarter of 2022, according to statistics released today by the U.S. Bureau of Economic ... |
 Weekly Initial Unemployment Claims increase 5,000 to 213,000 Posted: September 22, 2022 at 08:30 AM (Thursday)In the week ending September 17, the advance figure for seasonally adjusted initial claims was 213,000, an increase of 5,000 from the previous week's revised level. The previous week's level was revised down by 5,000 from 213,000 to 208,000. The 4-week moving average was 216,750, a decrease of 6,000 from the previous week's revised average. ... |
 FOMC target funds rate raised to 3.00% - 3.25% Posted: September 21, 2022 at 02:00 PM (Wednesday)Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated, reflecting supply and demand imbalances related to the pandemic, higher food and energy prices, and broader ... |
 Existing-Home Sales fell 0.4% in August 2022 Posted: September 21, 2022 at 10:00 AM (Wednesday)Existing-home sales experienced a slight dip in August, marking the seventh consecutive month of declines, according to the National Association of REALTORS®. Month-over-month sales varied across the four major U.S. regions as two regions recorded increases, one was unchanged and the other posted a drop. On a year-over-year basis, however, ... |
 Purchase Apps Up, Refi's Up in Latest MBA Weekly Survey Posted: September 21, 2022 at 07:00 AM (Wednesday)Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 16, 2022. Last week’s results include an adjustment for the Labor ... |
 August 2022 Housing Starts Increased 12.2%, Permits down 10.0% Posted: September 20, 2022 at 08:30 AM (Tuesday)Building Permits
Privately‐owned housing units authorized by building permits in August were at a seasonally adjusted annual rate of 1,517,000. This is 10.0 percent below the revised July rate of 1,685,000 and is 14.4 percent below the August 2021 rate of 1,772,000. Single‐family authorizations in August were at a rate of 899,000; this is ... |
 Philadelphia Fed NonManufacturing Survey suggest mostly steady activity in September 2022 Posted: September 20, 2022 at 08:30 AM (Tuesday)Nonmanufacturing activity in the region expanded this month, according to the firms responding to the September Nonmanufacturing Business Outlook Survey. The indexes for general activity at the firm level, sales/revenues, and new orders increased this month, with the former two returning to positive territory. The index for full-time ... |
 NAHB Builder Confidence fell 3 points to 46 in September 2022 Posted: September 19, 2022 at 10:00 AM (Monday)In another sign that the slowdown in the housing market continues, builder sentiment fell for the ninth straight month in September as the combination of elevated interest rates, persistent building material supply chain disruptions and high home prices continue to take a toll ... |
 Treasury International Capital Data for July 2022 Posted: September 16, 2022 at 01:32 PM (Friday)The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for July 2022. The sum total in July of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a net TIC inflow of $153.5 billion. Of this, net foreign private inflows were $150.1 billion, and net ... |
 University of Michigan Consumer Confidence Preliminary September Results rose to 59.5 Posted: September 16, 2022 at 10:00 AM (Friday)Consumer sentiment was essentially unchanged in September, just 1.3 index points above August. The one-year economic outlook continued lifting from the extremely low readings earlier in the summer, but these gains were largely offset by modest declines in the long run outlook. Personal finance components of the index as well as buying ... |
 Business Inventories up 1.4% in July 2022 Posted: September 15, 2022 at 10:00 AM (Thursday)The combined value of distributive trade sales and manufacturers’ shipments for July, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,839.5 billion, down 0.9 percent (±0.2 percent) from June 2022, but was up 12.5 percent (±0.4 percent) from ... |
 August 2022 Industrial Production decreased 0.2%, Capacity Utilization declined to 80.0% Posted: September 15, 2022 at 09:15 AM (Thursday)Industrial production decreased 0.2 percent in August. Manufacturing output edged up 0.1 percent after increasing 0.6 percent in July. The index for mining was unchanged, and the index for utilities decreased 2.3 percent. At 104.5 percent of its 2017 average, total industrial production in August was 3.7 percent above its year-earlier ... |
 U.S. Import Price Index decreased 1.0% in August 2022 Posted: September 15, 2022 at 08:30 AM (Thursday)Prices for U.S. imports declined 1.0 percent in August following a 1.5-percent decrease in July, the U.S. Bureau of Labor Statistics reported today. Lower fuel and nonfuel prices in August contributed to the decline in U.S. import prices. U.S. export prices fell 1.6 percent in August, after declining 3.7 percent the ... |
 U.S. Retail Sales for August 2022 increased 0.3%, Ex-Auto down 0.3% Posted: September 15, 2022 at 08:30 AM (Thursday)Advance estimates of U.S. retail and food services sales for August 2022, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $683.3 billion, an increase of 0.3 percent (±0.5 percent)* from the previous month, and 9.1 percent (±0.7 percent) above August 2021. Total sales for the June ... |
 Philadelphia Fed Mfg Outlook Activity declined overall in September 2022 Posted: September 15, 2022 at 08:30 AM (Thursday)Manufacturing activity in the region declined overall in September, according to the firms responding to this month's Manufacturing Business Outlook Survey. The indicator for current activity returned to negative territory, the new orders index remained negative, and the shipments index also declined but remained positive. The firms ... |
 Empire State Manufacturing Survey Conditions held steady in September 2022 Posted: September 15, 2022 at 08:30 AM (Thursday)Business activity held steady in New York State, according to firms responding to the September 2022 Empire State Manufacturing Survey. The headline general business conditions index climbed thirty points to -1.5. New orders edged higher, and shipments increased sharply. Delivery times held steady, and inventories expanded. Labor market ... |
 Weekly Initial Unemployment Claims decrease 5,000 to 213,000 Posted: September 15, 2022 at 08:30 AM (Thursday)In the week ending September 10, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 5,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 222,000 to 218,000. The 4-week moving average was 224,000, a decrease of 8,000 from the previous week's revised average. ... |
 Producer Price Index fell 0.1% in August 2022, ex Fd & Engy up 0.2% Posted: September 14, 2022 at 08:30 AM (Wednesday)The Producer Price Index for final demand fell 0.1 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices decreased 0.4 percent in July and advanced 1.0 percent in June. On an unadjusted basis, the index for final demand moved up 8.7 percent for the 12 months ended in ... |
 Purchase Apps Down, Refi's Down in Latest MBA Weekly Survey Posted: September 14, 2022 at 07:00 AM (Wednesday)Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 9, 2022. This week’s results include an adjustment for the observance of ... |
 Consumer Price Index increased 0.1% in August 2022, Ex Fd & Engy up 0.6% Posted: September 13, 2022 at 08:30 AM (Tuesday)The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in August on a seasonally adjusted basis after being unchanged in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.3 percent before ... |
 Real Average Hourly Earnings increased 0.2% in August 2022 Posted: September 13, 2022 at 08:30 AM (Tuesday)All employees
Real average hourly earnings for all employees increased 0.2 percent from July to August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.3 percent in average hourly earnings combined with an increase of 0.1 percent in the Consumer Price Index for All Urban ... |
 NFIB Small Business Optimism Index rose to 91.8 in August 2022 Posted: September 13, 2022 at 07:00 AM (Tuesday)The NFIB Small Business Optimism Index rose 1.9 points in August to 91.8, marking the eighth consecutive month below the 48-year average of 98 but reversing some of the declines in the first half of the year. Twenty-nine percent of owners reported that inflation was their single most important problem in operating their business, a decrease ... |
 Wholesale Inventories up 0.6% in July 2022 Posted: September 9, 2022 at 10:00 AM (Friday)July 2022 sales of merchant wholesalers, except manufacturers’ sales branches and offices, after adjustment for seasonal variations and trading day differences but not for price changes, were $698.0 billion, down 1.4 percent (±0.4 percent) from the revised June level, but were up 15.3 percent (±0.9 percent) from the revised July 2021 level. ... |
 Consumer Credit Increased at an annual rate of 6.2% in July 2022 Posted: September 8, 2022 at 03:00 PM (Thursday)In July, consumer credit increased at a seasonally adjusted annual rate of 6.2 percent. Revolving credit increased at an annual rate of 11.6 percent, while nonrevolving credit increased at an annual rate of 4.4 percent.
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 Weekly Initial Unemployment Claims decrease 6,000 to 222,000 Posted: September 8, 2022 at 08:30 AM (Thursday)In the week ending September 3, the advance figure for seasonally adjusted initial claims was 222,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised down by 4,000 from 232,000 to 228,000. The 4-week moving average was 233,000, a decrease of 7,500 from the previous week's revised average. ... |
 Beige Book: Economic Activity was unchanged, on balance Posted: September 7, 2022 at 02:00 PM (Wednesday)Economic activity was unchanged, on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down and to shift spending away from discretionary goods and toward food and ... |
 Goods and Services Deficit Decreased in July 2022 Posted: September 7, 2022 at 08:30 AM (Wednesday)The nation's international trade deficit in goods and services decreased to $70.6 billion in July from $80.9 billion in June (revised), as exports increased and imports decreased. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $70.6 billion in July, down $10.2 billion ... |
 Purchase Apps Down, Refi's Down in Latest MBA Weekly Survey Posted: September 7, 2022 at 07:00 AM (Wednesday)Mortgage applications decreased 0.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 2, 2022.
The Market Composite Index, a measure of mortgage loan application volume, decreased 0.8 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 2 percent compared with the previous week. The Refinance Index decreased 1 ... |
 Employment Trends Index increased in August 2022 to 119.06 Posted: September 6, 2022 at 10:00 AM (Tuesday)The Conference Board Employment Trends Index™ (ETI) increased in August to 119.06, up from an upwardly revised 118.20 in July 2022. The Employment Trends Index is a leading composite index for employment. When the index increases, employment is likely to increase as well, and vice versa. Turning points in the index indicate that a turning point ... |
 ISM Non-Manufacturing Index increased to 56.9% in August 2022 Posted: September 6, 2022 at 10:00 AM (Tuesday)Economic activity in the services sector grew in August for the 27th month in a row — with the Services PMI® registering 56.9 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: “In August, the Services PMI® registered 56.9 percent, 0.2 percentage point higher than July’s reading of 56.7 ... |
 New orders for manufactured goods decreased 0.1% in July 2022 Posted: September 2, 2022 at 10:00 AM (Friday)Summary
New orders for manufactured goods in July, down following nine consecutive monthly increases, decreased $5.7 billion or 1.0 percent to $548.5 billion, the U.S. Census Bureau reported today. This followed a 1.8 percent June increase. Shipments, down following sixteen consecutive monthly increases, decreased $4.7 billion or 0.9 percent ... |
 August 2022 Employment increased by 315,000
Unemployment Rate rose to 3.7% Posted: September 2, 2022 at 08:30 AM (Friday)Total nonfarm payroll employment increased by 315,000 in August, and the unemployment rate rose to 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in professional and business services, health care, and retail trade.
This news release presents statistics from two monthly surveys. The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry. For more ... |
 ISM Manufacturing Index unchanged at 52.8% in August 2022 Posted: September 1, 2022 at 10:00 AM (Thursday)Economic activity in the manufacturing sector grew in August, with the overall economy achieving a 27th consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®.
The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: ... |
 Construction Spending decreased 0.4% in July 2022 Posted: September 1, 2022 at 10:00 AM (Thursday)Total Construction
Construction spending during July 2022 was estimated at a seasonally adjusted annual rate of $1,777.3 billion, 0.4 percent (±0.8 percent)* below the revised June estimate of $1,784.3 billion. The July figure is 8.5 percent (±1.3 percent) above the July 2021 estimate of $1,637.3 billion. During the first seven months of ... |