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Category Archives: Retail & Business Sales
The Great “American” Divide
by Lance Roberts, Streetalk Live I have often spoken of the disconnect between Wall Street and Main Street. While asset prices are inflated by continued interventions of monetary policy from the Federal Reserve, boosting Wall Street profits and widening the … Continue reading
Posted in Employment, Federal Reserve, GDP, Home Sales and Home Prices, Personal Income and Consumption, Prices - PPI, CPI and More, Retail & Business Sales, Trade Data, stock markets
Tagged consumer confidence, Economy, employment, Federal Reserve, GDP, housing, inflation, Lance Roberts, PPI, recession, recovery, unemployment
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May 2013 Philly Fed Business Outlook Goes Negative
Written by Steven Hansen The Philly Fed Business Outlook Survey fell into negative (contraction) – after two months in positive territory. This survey has been negative for 9 of the last 13 months. Key element new orders slipped further into … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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May 2013 Empire State Survey Goes Negative – Under Expectations
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in May 2013 shows manufacturing is contracting after expanding for the previous three months in a row. This noisy index has moved from 17.1 (May), 2.3 … Continue reading
Retail Sales Stay Right on Trend but Economists Get It Wrong Again
by Lee Adler, Wall Street Examiner Retail sales grew modestly and on trend in April. There was no evidence of either a slowing economy or one that is overheating and about to cause conventional inflation measures to move higher. At … Continue reading
Posted in Economics, Retail & Business Sales, macroeconomics
Tagged consumer confidence, CPI, Economy, Federal Reserve, gasoline, GDP, Lee Adler, retail sales, trade balance
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March 2013 Business Inventories and Sales Continues to Show Little Improvement
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for March 2013 is closer to the headline data. business sales with this month’s data is continuing to trend less good (positive growth, slower … Continue reading
Retail Sales Stronger than Expected in April 2013
Written by Steven Hansen Retail sales came in much stronger than anticipated. the unadjusted data was stronger than the seasonally adjusted data this month; the headline numbers show backward revisions were slightly upward; the weakness in the data was gasoline … Continue reading
Posted in Retail & Business Sales, aa syndication
Tagged recovery, retail sales, Steven Hansen, u.s. census bureau
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March 2013 Wholesale Sales Contraction Continues
Written by Steven Hansen March 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading
April 2013 Philly Fed Business Outlook Remains Barely Positive
Written by Steven Hansen The Philly Fed Business Outlook Survey remains in positive (growth) territory for the second month – albeit barely. This survey has been negative for 8 of the last 12 months. Key element new orders is slightly … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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April 2013 Empire State Survey Continues to Say Manufacturing Expanding
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in April 2013 shows manufacturing has now expanded for three months in a row. This noisy index has moved from 6.6 (April 2012), 17.1 (May), 2.3 … Continue reading
Retail Sales Rebound in March after Weak January-February
by Lee Adler, Wall Street Examiner The headlines and mainstream media stories on retail sales were hysterical and misleading as usual, thanks again to screwy, fictitious seasonally adjusted data. “Retail Sales in U.S. Dropped in March by Most in Nine … Continue reading
February 2013 Business Inventories and Sales A Nasty Data Point
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for February 2013 is much worse than the headline data. business sales with this month’s data is trending less good (positive growth, slower rate … Continue reading
Retail Sales Again Were Terrible in March 2013
Written by Steven Hansen Retail sales were terrible – headlines which says sales were down marginally. Our analysis also points to terrible retail sales. using unadjusted data – inflation adjusted sales actually contracted year-over-year for the second month in a … Continue reading
Posted in Retail & Business Sales, aa syndication
Tagged recovery, retail sales, Steven Hansen, u.s. census bureau
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February 2013 Wholesale Sales & Inventories Had a Very Bad Month
Written by Steven Hansen February 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and suffers from data gathering anomalies as well as poor headline methodolgy. This analysis … Continue reading
Reflation and Expenditure Switching in a Two Speed World
by Menzie Chinn, Econbrowser.com This appeared originally at Econbrowser, 25 March 2013. Illustration above added by Econintersect. Chairman Bernanke says it all From a speech today by Fed Chair Ben Bernanke, at the LSE:
March 2013 Philly Fed Business Outlook Finally Positive
Written by Steven Hansen The Philly Fed Business Outlook Survey finally entered growth territory – as it has been negative for 9 of the last 11 months. Key element new orders is now in expansion territory. This is a very … Continue reading
Posted in Manufacturing, Retail & Business Sales, aa syndication
Tagged backlog, business, conditions, manufacturing, new orders, orders, Philly Fed, philly_man, Steven Hansen
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Consumers: Past, Present and Future
by Rick Davis, Consumer Metrics Institute Click on graph for larger image of calendar year 2012 chart. When we last looked back at our data for US consumer behavior for the end of 2012, we included comments on two phenomena … Continue reading
March 2013 Empire State Survey Continues to Say Manufacturing Expanding
Written by Steven Hansen The Empire State Manufacturing Survey (manufacturing in New York State) in March 2013 shows manufacturing has now expanded for two months in a row. This noisy index has moved from 20.2 (March), 6.6 (April), 17.1 (May), … Continue reading
Business Inventories and Sales Improve in January 2013
Written by Steven Hansen Econintersect‘s analysis of final business sales data (retail plus wholesale plus manufacturing) for January 2013 is better than the headline data. business sales now seem to be flat (rate of growth unchanged). The inventory levels are … Continue reading
Retail Sales Were Terrible in February 2013
Written by Steven Hansen Do not read this if you do not like contrary news. Retail sales were terrible despite headlines which says sales were strong. using unadjusted data – inflation adjusted sales actually contracted year-over-year; the headline numbers show … Continue reading
Posted in Retail & Business Sales, aa syndication
Tagged recovery, retail sales, Steven Hansen, u.s. census bureau
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January 2013 Wholesale Sales & Inventories Had a Good Month
Written by Steven Hansen January 2013 wholesale sales and inventories data continues to go up one month, down the next. This data series is very noisy, and must suffer from data gathering anomalies. This analysis continues to be the opposite … Continue reading
