FMI

Data Round-Up: Real Equipment On Track for +7% Gain in 17Q3

written by Michael Lewis on August 25, 2017

FMI’s analysis of today’s July Durable Goods Orders report

Data Round-Up: Existing Homes Sales Post Lowest Level of the Year; Prices Rising Briskly

written by Michael Lewis on August 24, 2017

FMI’s review of today’s July Existing Home Sales report and the latest Weekly UI Claims & Rail Traffic results. Also this morning, the Mortgage Bankers Association announced that the mortgage delinquency rate continued to improve in 17Q2; it fell to 4.24%, down -42BP from a year ago.

Data Round-Up: New Home Sales Falter in July, Trend Remains Positive

written by Michael Lewis on August 23, 2017

Sales of new single-family homes fell -9% from 630K in June to 571K in July (seasonally-adjusted at annual rate). This was softer than expected and the lowest level since August 2016. However, the sting was eased substantially by a +46K upward revision to 17Q2 results. July’s 571K reading was well below the 615K average for 2017-H1. Nonetheless, the sales trend remains positive: for 2017-to-date, sales were +9% above the comparable period in 2016.

FMI Weekly Data Preview of Data Releases: August 21-25

written by Michael Lewis on August 21, 2017

The key release in this light week will be Friday’s July Durable Goods Orders report. After soaring aircraft and vehicle orders boosted the June total, inevitable payback will hold down the July headline. Nonetheless, “core” non-defense capital good ex-aircraft orders should register an increase. Also this week, July New and Existing Home Sales on Wednesday and Thursday, respectively, should show the sector holding steady.

Data Round-Up: Fed Regional Surveys Are Upbeat for August

written by Michael Lewis on August 17, 2017

FMI’s analyses of this morning’s August Philadelphia Fed Manufacturing Index, July Industrial Production report and the latest Weekly UI Claims and Rail Traffic results.

Data Round-Up: After Resting this Spring, Shoppers Came Out in Force in July

written by Michael Lewis on August 15, 2017

FMI’s analyses of this morning’s July Retail Sales, June Business Inventories and July U.S. Dollar and Trade Prices results, plus an updated look at 17Q2 GDP Sources and Assumptions and implications for revisions in the upcoming 17Q2 GDP Second Report.

Data Round-Up: Core Inflation Trend Picking Up, Very Gradually

written by Michael Lewis on August 11, 2017

FMI’s analyses of today’s July CPI report and July Bank Lending & Money Supply results.

Data Round-Up: PPI Below Consensus But Still Trending Near +2%; Rail Traffic Looks Strong

written by Michael Lewis on August 10, 2017

FMI’s analyses of this morning’s July PPI (including a review of high-frequency inflation indicators) and the latest Weekly UI Claims and Rail Traffic results.