4Q2022 GDP final estimate increased 2.6%
03/30/23 08:30AM - Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the fourth quarter of 2022 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the third quarter, real GDP increased 3.2 percent.
The GDP estimate released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the increase in real GDP was 2.7 percent. The revision primarily reflected downward revisions to exports and …more…
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Weekly Initial Unemployment Claims increase 7,000 to 198,000
03/30/23 08:30AM - In the week ending March 25, the advance figure for seasonally adjusted initial claims was 198,000, an increase of 7,000 from the previous week's unrevised level of 191,000. The 4-week moving average was 198,250, an increase of 2,000 from the previous week's unrevised average …more…
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Pending Home Sales up 0.8% in February 2023
03/29/23 10:00AM - Pending home sales grew in February for the third consecutive month, according to the National Association of REALTORS®. Three U.S. regions posted monthly gains, while the West declined. All four regions saw year-over-year decreases in transactions.
The Pending Home Sales Index (PHSI)* — a forward-looking indicator of home sales based on contract signings — improved 0.8% to 83.2 in February. Year-over-year, pending transactions dropped by 21.1%. An index of 100 is equal to the level of contract activity in 2001. …more…
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Purchase Apps up, Refi's up in Latest MBA Weekly Survey
03/29/23 07:00AM - Mortgage applications increased 2.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 24, 2023.
The Market Composite Index, a measure of mortgage loan application volume, increased 2.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3 percent compared with the previous week. The Refinance Index increased 5 …more…
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Consumer Confidence increased slightly in March 2023 to 104.2
03/28/23 10:00AM - The Conference Board Consumer Confidence Index® increased slightly in March to 104.2 (1985=100), up from 103.4 in February. The Present Situation Index—based on consumers’ assessment of current business and labor market conditions—decreased to 151.1 (1985=100) from 153.0 last month. The Expectations Index—based on consumers’ short-term outlook …more…
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Richmond Fed's Current Activity Improved Modestly to -5 in March 2023
03/28/23 10:00AM - Fifth District manufacturing firms reported modest improvements in business conditions in March, according to the most recent survey from the Federal Reserve Bank of Richmond. The composite manufacturing index rose from -16 in February to -5 in March. Of its three component indexes, shipments saw the largest change, rising notably from -15 …more…
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S&P CoreLogic Case-Shiller Home Price Indices decrease 0.5% in January 2023
03/28/23 09:00AM - S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for January 2023 show that the trend of declining home price gains continued across the United States with declining prices reported in the San Francisco, San Diego, …more…
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Texas Fed Manufacturing Activity expanded slightly in March 2023
03/27/23 10:00AM - Modest growth resumes in Texas manufacturing, but outlooks continue to worsen. Texas factory activity expanded slightly in March after contracting in February, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, moved up from -2.8 to 2.5, …more…
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February 2023 New Orders for Durable Goods decreased 1.0%, Ex-Trans unch%
03/24/23 08:30AM - New Orders
New orders for manufactured durable goods in February, down three of the last four months, decreased $2.6 billion or 1.0 percent to $268.4 billion, the U.S. Census Bureau announced today. This followed a 5.0 percent January decrease. Excluding transportation, new orders were virtually unchanged. Excluding defense, new orders …more…
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Kansas City Fed Manufacturing Activity was Mostly Flat in March 2023
03/23/23 11:00AM - Tenth District manufacturing activity remained essentially flat for the third month in a row, and expectations for future activity increased slightly. Monthly price indexes were mixed with an increase in materials prices but a slight decrease in finished goods prices. Expectations for future raw materials and finished goods prices remained …more…
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