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New Home Sales Nudge Forward In April - May 23, 2013
The Commerce Department has reported that
new home sales rose 2.3% last month
, to a seasonally adjusted 454,000. In March, home sales had initially been estimated at 417,000. Subsequently, though, they were revised up to 444,000 for the month.
Existing Home Sales Edge Up In April - May 22, 2013
Sales of existing homes inched forward in April, compared to March, as the increasingly resilient housing market continues to make headway, in small-to-modest increments.
Housing Starts Tumble In April, But Building Permits Move Up Nicely
A major dichotomy developed in the U.S. housing market in April, as data issued earlier this morning noted that
had fallen sharply last month, but that
, a more forward-looking survey, actually had risen nicely.
Inflation Remains Benign - May 16, 2013
Much like yesterday’s companion report from the U.S. Department of Labor on producer (wholesale) prices, this morning’s release of
consumer prices for the month of April
made for another tame reading on inflation.
Industrial Production and Factory Usage Both Stumble In April - May 15, 2013
The maturing U.S. economic expansion continues to move back and forth, or two and fro, as the sayings go. This uneven up cycle was underscored once again within the past hour when the U.S. Commerce Department reported that
fell by 0.5% last month.
Producer Prices Fall Again, Tumbling by 0.7% in April - May 15, 2013
Once more, the figures show that this nation just
does not have an inflation problem
, at least at this point, which explains the ability of the Federal Reserve to continue pursuing an easy and accommodative monetary policy.
Retail Sales Unexpectedly Rise In April - May 13, 2013
An hour before the commencement of trading today, the Commerce Department released its latest report on
for the month of April. That report, which was expected to be closely watched as a gauge to how the all-important consumer sector is faring, was encouraging.
Non-Manufacturing Activity Slows in April - May 3, 2013
Institute for Supply Management
(ISM), the Tempe, Arizona-based trade group reported that its survey on
had shown a notable
April Payrolls Rise More Than Expected; And Unemployment Falls - May 3, 2013
The U.S. Labor Department reported that
non-farm payrolls had increased
by a better-than-forecast 165,000 in April.
March Trade Gap - Better Headline Number, But Mixed Below The Surface
The investment community received another important report on the U.S. economy this morning when the Department of Commerce released
figures for the month of March at 8:30 A.M. (EDT). The report showed that the
U.S. trade deficit
narrowed by 11% in March, to $38.8 billion. The consensus expectation was calling for a trade deficit of $42.1 billion.