Following Japan's record low PMI, Europe's modest pick-up, and China's bounce, this week's Philly Fed crash was more indicative as US Manufacturing (flash) PMI printed 50.8 (from 51.5 in March and notably missing 52.0 expectations).Show More Summary
We're always amused by duelling headlines like this: U.S. Jobless Claims Unexpectedly Drop to Lowest Level Since 1973 Leading Indicators in U.S. Climbed Less Than Forecast in March Philly Fed factory index plunges to -1.6 in April Seems...Show More Summary
Earlier from the Philly Fed: April 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey reported no improvement in business conditions this month. The indicator for general activity, which rose sharply in March, fell to a slightly negative reading in April. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity declined again after rebounding in March. The composite index of general business activity fell from 12.4 in March to -1.6...
Manufacturing activity in Philadelphia is back in the red. The Philly Federal Reserve's manufacturing index came in at -1.6 for April, as businesses reported no improvement in conditions. Economists had forecast that it fell to 9 from a prior reading of 12.4. Show More Summary
Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for 265 thousand initial claims, up from 253 thousand the previous week.• Also at 8:30 AM, the Philly Fed manufacturing survey for April. Show More Summary
The key economic reports this week are March housing starts on Tuesday, and March Existing Home Sales on Wednesday.From manufacturing, the April Philly Fed manufacturing survey will be released this week. ----- Monday, April 18th ----- 10:00 AM: The April NAHB homebuilder survey. Show More Summary
From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for January 2016. In the past month, the indexes increased in 43 states, decreased in five, and remained stable in two, for a one-month diffusion index of 76. Show More Summary
Earlier from the Philly Fed: March 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey reported an improvement in business conditions this month. The indicator for general activity rose sharply in March to its first positive reading in seven months. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity rebounded in March following six straight months of contraction. The composite index of general business activity rose from -2.8 in...
The Philadelphia Federal Reserve's business activity index surged from a negative reading to 12.4 in March. It was the first positive reading in seven months, and the highest level since last June. Economists had estimated that the headline...Show More Summary
It's March Madness in Philly. Thanks to the biggest jump in New Orders since Oct 2005, Philly Fed surged to 15-month highs (jumping from -2.8 to +12.4) crushiung expectations of -1.5. Number of employees improved mopdestly but remains in contraction but "hope" soared to 5 month highs led by exuberant expectations for capex and average workweek. Show More Summary
Thursday:• At 8:30 AM,The initial weekly unemployment claims report will be released. The consensus is for 270 thousand initial claims, up from 259 thousand the previous week.• Also at 8:30 AM, The Philly Fed manufacturing survey for March. Show More Summary
The Federal Reserve Bank of Philadelphia said that manufacturing activity contracted for the sixth straight month in February, albeit at a slower pace than in January. The composite index of...
The Philadelphia Fed Business Outlook Survey Diffusion Index of General Conditions has now contracted for the 6th straight month. Proof that it is NOT always sunny in Philadelphia. The post Philly Fed Contracts For 6th Consecutive Month (NOT Always Sunny In Philadelphia) was originally published at The Wall Street Examiner. Follow the money!
While jobless claims look rosy, Philly Fed's employment index plunged by the most since May 2013 as the headline survey extended its period of sub-50 contraction to six straight months - the longest streak outside of a recesssion in history. Show More Summary
From the Philly Fed: February 2016 Manufacturing Business Outlook Survey Firms responding to the Manufacturing Business Outlook Survey reported continued weakness in business conditions this month. The indicator for general activity remained slightly negative this month, edging up only marginally from its reading in January. Show More Summary
The Philadelphia Federal Reserve will release its monthly business and manufacturing outlook at 8:30 a.m. ET. Economists estimate the Philly Fed manufacturing index at -3, rising from a three-year low of -3.5, according to Bloomberg. The...Show More Summary
From the Sacramento Bee: CoreLogic: Sacramento County has best January in three yearsCoreLogic said 4,845 new and existing houses and condominiums sold in the nine-county Bay Area last month, down 38.3 percent from 7,849 in DecemberShow More Summary
The key economic report this week is January housing starts on Wednesday.For prices, PPI and CPI will be released this week.From manufacturing, January Industrial Production and the February NY and Philly Fed manufacturing surveys will be released this week. Show More Summary