Growth Outlook and Business Cycle
Data Round-Up: 'Gray' July Retail Sales Point to Softer 14Q3 Consumption Growth
FMI’s analyses of today’s July Retail Sales and June Business Inventories reports as well as an updated look at 14Q2 GDP Sources & Assumptions.
Data Round-Up: UI Claims Holding Near Structural Lows
FMI’s reviews of the latest Weekly UI Claims & Rail Traffic data and the June Import/Export Prices report.
Weekly Data Preview: August 4-8
The highlight of this week’s few releases will be Wednesday’s International Trade report for June.
Vehicle Sales Remain Healthy in July
Vehicle sales reached an estimated 16.4 mm units in July (seasonally-adjusted at annual rate). While down a bit from June’s cycle high of 16.8 mm, sales were in line with the strong 14Q2 average.
June Spending, Income Drops Again, Worse than 1997
Income and Spending Down Again in June in Japan
Real Exports in June Down 2% From Last Year
Plurality of Voters Disapprove of Abenomics; Exports down in June 2% from Last Year
Post-Tax Hike Consumer Spending Tracking 1997 Path
April-May Post-Tax Hike Spending Tracks Fairly Closely the Pattern in 1997
Preview of Data Releases: May 27 - 30, 2014
Also of note this week will be April Durable Goods Orders and Personal Income reports on Tuesday and Friday, respectively. Tuesday’s March Home Prices data should show continued solid year-over-year appreciation, though momentum is slowing gradually.
Preview of Data Releases: May 19 - 23, 2014
With the Fed on auto-pilot – monitoring data and tapering QE3 until this autumn – no revelations are likely