Looks like the general drift to lower growth rates may still be in progress. Headline retail sales year-over-year with 3 mo moving average: Full size
A few quick charts: No sign of a pause here Year over year sales holding up at about a 3% clip No sign of a
Karim writes: Brief and delayed recap: Looks like Goldilocks is officially here. 4% GDP gwth and 0% core inflation. Agreed, remains a good market for
[Skip to the end] MBA Mortgage Applications (Released 7:00 EST) MBA Purchasing Applications (Released 7:00 EST) MBA Refinancing Applications (Released 7:00 EST) MBA TABLE 1
Import Price Index MoM (Feb) Survey 0.8% Actual 0.2% Prior 1.7% Revised 1.6% Import Price Index YoY (Feb) Survey n/a Actual 13.6% Prior 13.7% Revised
Retail sales weak today, but exports up over 16% earlier this week, and jobless claims now settling in around 350,000 – far from recession levels.
MBAVPRCH Index Doesn’t look too bad. Mortgage bankers have reduced staff and are probably working overtime on refi’s which remain very high. Retail Sales Details
Producer Price Index MoM (Dec) Survey 0.2% Actual -0.1% Prior 3.2% Revised n/a PPI Ex Food & Energy MoM (Dec) Survey 0.2% Actual 0.2% Prior
Consensus was high enough, let’s see how tomorrow turns out. Also retail sales up a lot more than just energy prices, and claims down. Still