CalculatedRisk @ December 1, 2011 # Comments Off
Based on an estimate from Autodata Corp, light vehicle sales were at a 13.63 million SAAR in November. That is up 11.4% from November 2010, and up 3.1% from the sales rate last month (13.22 million SAAR in Oct 2011).
This was above the consensus forec…
CalculatedRisk @ November 26, 2011 # Comments Off
Earlier:
• Summary for Week Ending Nov 25th
The key report this week will be the employment situation report for November on Friday. Other key reports include the November ISM manufacturing index on Thursday, auto sales also on Thursday, and two im…
CalculatedRisk @ November 23, 2011 # Comments Off
Although there are significant downside risks from the European financial crisis and additional fiscal tightening in early 2012, right now the U.S. data suggests continued sluggish growth …
• From the Kansas City Fed: Growth in Manufacturing Activ…
CalculatedRisk @ November 18, 2011 # Comments Off
Another bright spot for the economy has been the recovery in heavy truck sales (see graph below).
First, here is an early forecast for November light vehicle sales from J.D. Power and Associates:
November new-vehicle retail sales are projected to com…
CalculatedRisk @ November 17, 2011 # Comments Off
Professors Amir Sufi and Atif Mian use county level data to show that household balance sheet problems are directly linked to the high level of unemployment. It is important for policy to understand the reasons unemployment has remained elevated.
F…
CalculatedRisk @ November 15, 2011 # Comments Off
On a monthly basis, retail sales were up 0.5% from September to October (seasonally adjusted, after revisions), and sales were up 7.9% from October 2010. From the Census Bureau report:
The U.S. Census Bureau announced today that advance estimates of U….
CalculatedRisk @ November 7, 2011 # Comments Off
The Federal Reserve released the quarterly October 2011 Senior Loan Officer Opinion Survey on Bank Lending Practices today. The survey had a special question on lending to European banks and firms. With regards to banks, the tightening was “considera…
CalculatedRisk @ November 1, 2011 # Comments Off
Based on an estimate from Autodata Corp, light vehicle sales were at a 13.26 million SAAR in October. That is up 9.2% from October 2010, and up 1.7% from the sales rate last month (13.04 million SAAR in Sept 2011).
This was slightly above the consensu…
CalculatedRisk @ November 1, 2011 # Comments Off
Note: DJ is quoting an unnamed Greek official saying the referendum is “basically dead”.
The early auto sales reports are a little mixed, but it appears sales will be over 13 million SAAR (the consensus is for 13.2 million SAAR). The high for the y…
CalculatedRisk @ October 29, 2011 # Comments Off
Earlier:
• Summary for Week ending Oct 28th
The key report this week will be the employment situation report for October on Friday. Also the FOMC statement and Fed Chairman Ben Bernanke’s press briefing on Wednesday, will be closely watched.
Other…