The Department of Transportation (DOT) reported today: Travel on all roads and streets changed by -0.3% (-0.8 billion vehicle miles) for July 2012 as compared with July 2011. Travel for the month is estimated to be 258.3 billion vehicle miles. Cumulative Travel for 2012 changed by +0.9% (14.8 billion vehicle miles). The following graph...
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Note: The Case-Shiller report to be released next Tuesday is for July (really an average of prices in May, June and July). Zillow Forecast: July Case-Shiller Composite-20 Expected to Show 1.6% Increase from One Year Ago On Tuesday, Sept. 25, the Case-Shiller Composite Home Price Indices for July will be released. Zillow predicts that...
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From ATA: ATA Truck Tonnage was Unchanged in July The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in July after increasing 1.1% in June. (June’s gain was slightly smaller than the 1.2% increase ATA reported on July 25.) In July, the SA index stayed at 118.8 (2000=100). Compared...
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The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 372 thousand. This was up from a revised 359 thousand SAAR in June (revised up from 350 thousand). Sales in May were revised down. The first graph shows New Home Sales vs. recessions since 1963. The...
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Note: I’ll have more on GDP soon. Click on graph for larger image. The final Reuters / University of Michigan consumer sentiment index for July increased to 72.3 from the preliminary reading of 72.0, and was down from the June reading of 73.2. This was slightly above the consensus forecast of 72.0 and the...
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The Department of Commerce reports: otal July exports of 8.0 billion and imports of 2.8 billion resulted in a goods and services deficit of .8 billion, down from .6 billion in June, revised. July exports were .2 billion more than June exports of 1.8 billion. July imports were .5 billion less than June imports...
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Note: S&P downgraded U.S. debt to AA+. The regulatory agencies responded saying there would be no change for risk-based capital purposes for financial institutions. Here are the earlier employment posts (with graphs): • July Employment Report: 117,000 Jobs, 9.1% Unemployment Rate • Employment Summary, Part Time Workers, and Unemployed over 26 Weeks • More...
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The DOL reports on weekly unemployment insurance claims: In the week ending Dec. 25, the advance figure for seasonally adjusted initial claims was 388,000, a decrease of 34,000 from the previous week’s revised figure of 422,000. The 4-week moving average was 414,000, a decrease of 12,500 from the previous week’s revised average of 426,500....
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Fannie Mae’s mortgage portfolio through July is up 4.1% from the year ago yet down somewhat from June, and the GSE issued nearly half the mortgage-backed securities during the month than in did last July. Fannie ended July with gross holdings of nearly 2 billion. That figure stood at 0.4 billion last year and...
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PMI at 55.5% in July down from 56.2% in June. From the Institute for Supply Management: July 2010 Manufacturing ISM Report On Business® Economic activity in the manufacturing sector expanded in July for the 12th consecutive month, and the overall economy grew for the 15th consecutive month, say the nation’s supply executives in the...
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