From the monthly archives:
The import price index came in hot in August, up 2% against expectations for a rise of 1% and a decline of 0.7% in July. The ex-fuels reading, which excludes the impact of oil and gas prices, was up 0.4%. Food and beverage costs were up 1.7%, industrial supply prices were up 6.1%, while both [...]
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The dollar’s collapse is gathering steam in early trading today. The broad-based Dollar Index is down 38 ticks to 76.95 as I write. It has taken out technical support dating back all the way to December. Certain individual currencies, like the Aussie dollar, are trading at the higest level against the buck in more than [...]
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The Labor Department just released its latest statistics on the job market. Here’s a look at the August numbers:
* The economy shed 216,000 jobs last month. That was slightly below the -230,000 estimate of economists surveyed by Bloomberg. However, July’s number was revised upward to -276,000 from -247,000. June’s job loss figure was also revised [...]
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There’s more economic data than you can shake a stick at today. So forgive me for being a bit behind in updating.
Besides pending home sales, we learned that construction spending dropped 0.2% in July. That missed expectations for a flat reading; moreover, June’s number was revised down to +0.1% from +0.3%. Private residential spending rose [...]
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The National Association of Realtors released its data on pending home sales today. Here’s what the numbers looked like …
* Pending home sales climbed 3.2% in July. That was more than double the 1.5% gain that economists were expecting.
* On a year-over-year basis, the pending sales index was up 12.1% to 97.6 from 87.1. That’s [...]
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