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Posts Tagged ‘ August ’

A few Comments on August New Home Sales

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A few Comments on August New Home Sales

New home sales for August were reported at 629,000 on a seasonally adjusted annual rate basis (SAAR). This was close to the consensus forecast, however the three previous months were revised down significantly. Sales in August were up 12.7% year-over-year compared to August 2017.   This was strong YoY growth, however this was an...
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Chicago Fed “Index Points to Steady Economic Growth in August”

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Chicago Fed “Index Points to Steady Economic Growth in August”

From the Chicago Fed: Index Points to Steady Economic Growth in August The Chicago Fed National Activity Index (CFNAI) was unchanged at +0.18 in August. Three of the four broad categories of indicators that make up the index increased from July, and two of the four categories made positive contributions to the index in...
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AAR: August Rail Carloads Up 3.8% YoY, Intermodal Up 5.1% YoY

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AAR: August Rail Carloads Up 3.8% YoY, Intermodal Up 5.1% YoY

From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. August 2018 was yet another good month for rail traffic. U.S. railroads originated 1.39 million carloads in August 2018, up 3.8% (50,335 carloads) over August 2017. …U.S. railroads also originated 1.44 million intermodal containers and trailers in August...
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Chemical Activity Barometer “Softens” in August

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Chemical Activity Barometer “Softens” in August

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Softens as Pace of Growth Slows The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), was flat in August remaining at 122.14 on a three-month moving average (3MMA)...
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Schedule for Week of August 12, 2018

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Schedule for Week of August 12, 2018

The key economic reports this week are July Housing Starts and Retail Sales. For manufacturing, July industrial production, and the August New York and Philly Fed surveys, will be released this week. —– Monday, Aug 13th —–No major economic releases scheduled. —– Tuesday, Aug 14th —–6:00 AM: NFIB Small Business Optimism Index for July....
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Schedule for Week of August 5, 2018

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Schedule for Week of August 5, 2018

The key economic report this week is the July Consumer Price Index (CPI) on Friday. —– Monday, Aug 6th —–No major economic releases scheduled. —– Tuesday, Aug 7th —–10:00 AM ET: Job Openings and Labor Turnover Survey for June from the BLS. This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and...
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Chemical Activity Barometer Shows Modest Slowing in August

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Chemical Activity Barometer Shows Modest Slowing in August

Note: This appears to be a leading indicator for industrial production. From the American Chemistry Council: Chemical Activity Barometer Shows Modest Slowing The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC), remained unchanged from July, continuing a modest deceleration of growth. The flat reading follows a 0.1...
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Construction Spending declined in August

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Construction Spending declined in August

Earlier today, the Census Bureau reported that overall construction spending declined in August: The U.S. Census Bureau of the Department of Commerce announced today that construction spending during August 2016 was estimated at a seasonally adjusted annual rate of ,142.2 billion, 0.7 percent below the revised July estimate of ,150.6 billion. The August figure...
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Lawler on August Existing Home Sales

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Lawler on August Existing Home Sales

From housing economist Tom Lawler: In a report released this morning, the National Association of Realtors estimated that US existing home sales ran a seasonally adjusted annual rate of 5.33 million, down 0.9% from July’s downwardly revised (to 5.38 million from 5.39 million) pace and up 0.8% from last August’s seasonally adjusted pace. The...
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Lawler: Early Read on Existing Home Sales in August

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Lawler: Early Read on Existing Home Sales in August

From housing economist Tom Lawler: Based on publicly-available state and local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.49 million in August, up 1.9% from July’s preliminary pace and up...
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