Thu, 28 Mar 2024 13:45:16 ESTEconomy.com from Moody's Analyticshttp://www.economy.com/dismal/United States: Agricultural Priceshttps://www.economy.com/dismal/indicators/releases/42F7F5DC-C66C-4904-B92A-6C67A8E22331Thu, 28 Mar 2024 15:00:00 ESTUnited States: Kansas City Fed Manufacturing Surveyhttps://www.economy.com/dismal/indicators/releases/8F0FE9D4-30A5-4AA8-8C8C-D77FE316306FThu, 28 Mar 2024 11:00:00 ESTUnited States: Natural Gas Storage Reporthttps://www.economy.com/dismal/indicators/releases/8A99208F-3DC6-412A-9EF4-65790A9C70D5Thu, 28 Mar 2024 10:30:00 ESTUnited States: Pending Home Saleshttps://www.economy.com/dismal/indicators/releases/A234133C-CE30-4F42-B541-D4AC2C80A245Thu, 28 Mar 2024 10:00:00 ESTUnited States: St. Louis Fed Financial Stress Indexhttps://www.economy.com/dismal/indicators/releases/E432C95E-2094-48FD-8242-AC8A91590436Thu, 28 Mar 2024 10:00:00 ESTUnited States: University of Michigan Consumer Sentiment Surveyhttps://www.economy.com/dismal/indicators/releases/113BA1B2-6BCB-4C1F-98C6-F6988060D5EDThu, 28 Mar 2024 10:00:00 ESTCanada: Earnings, Hours and Employmenthttps://www.economy.com/dismal/indicators/releases/FF688002-22C2-4649-9DF2-B9AFC560DA7CThu, 28 Mar 2024 08:30:00 ESTCanada: Gross Domestic Product by Industryhttps://www.economy.com/dismal/indicators/releases/8C7CE68B-1D16-4C52-AC2E-FEF54D84B9D2Kicking off 2024, real gross domestic product rebounded 0.6% in January. Service-providing industries led the charge with a 0.7% boost while goods-producing nudged ahead, increasing 0.2%. All told, growth was broad-based, with 18 of the 20 industrial sectors recording gains. This comes after several months of little or no change in month-to-month output. On a year-ago basis, output increased only 0.9%. Thu, 28 Mar 2024 08:30:00 ESTUnited States: GDPhttps://www.economy.com/dismal/indicators/releases/B484032E-195D-4613-AE50-58D5B2E1A651U.S. economic growth slowed in the fourth quarter, though only modestly. Real GDP growth declined from a clearly unsustainable 4.9% in the third quarter to a still unlikely to be sustained 3.4% in the fourth quarter according to the Bureau of Economic Analysis’ third estimate. Consumer spending was the largest contributor as large third-quarter support from inventories became a drag. Trade grew as a support, government spending continued to contribute, and fixed investment continued to grow at a healthy clip. The saving rate dropped to 4% from 4.3% in the third quarter but remained above it 2022 lows. Profits increased 4.1% (not annualized) after increasing 3.4% in the third quarter. Gross domestic income rose 4.8% after rising 1.9% previously.Thu, 28 Mar 2024 08:30:00 ESTUnited States: Industry GDPhttps://www.economy.com/dismal/indicators/releases/575FF5B8-3C55-48E1-A58F-591D18CBAA46Private industries contributed 3.05 percentage points to real GDP’s 3.4% annualized gain in the closing quarter of 2023. The remaining 0.35 percentage points came from government. Manufacturing and retail trade were the largest contributors, adding 0.85 and 0.51 percentage points, respectively. Wholesale trade and arts, entertainment, recreation, accommodation, and food services were the largest drags, subtracting 0.08 and 0.05 percentage points, respectively.Thu, 28 Mar 2024 08:30:00 ESTUnited States: Jobless Claimshttps://www.economy.com/dismal/indicators/releases/6E53AEE2-FB6C-4F9C-9E61-941D17D1DA6CAs expected, U.S. initial claims for unemployment insurance continue to hold steady. New filings fell slightly to 210,000 in the week ended March 23, while the four-week moving average ticked slightly lower to 211,000. Continuing claims have also been holding in a narrow range and edged 1.82 million higher in the week ended March 16, while the insured unemployment rate held steady at 1.2%.Thu, 28 Mar 2024 08:30:00 ESTUnited States: Oil Inventorieshttps://www.economy.com/dismal/indicators/releases/F9254DAE-24CA-4E81-B521-62717B60BC35Oil prices could move down after building by 3.9 million barrels in the week ended March 22, besting consensus predictions a 1.2-million barrel draw. Gasoline inventories rose by 1.3 million barrels, breaking the seven-week streak of inventory draws and defying analyst predictions of a 1.7-million barrel draw. Distillate inventories fell by 1.2 million barrels after the consensus expected a build of 100,000 barrels. During the last four weeks, total U.S. demand was up by 2.2% compared with a year earlier. Wed, 27 Mar 2024 10:30:00 ESTUnited States: MBA Mortgage Applications Surveyhttps://www.economy.com/dismal/indicators/releases/69DB8840-1150-4F7C-B704-7EF0E6783677Mortgage activity fell slightly in the week ending March 22, which marks the second straight week that applications ticked down. The MBA’s market composite index decreased 0.7% on the previous week, which followed a 1.6% decrease the week before. Both indexes declined, though the refinance index performed worse, falling 1.6% compared with the purchase index’s 0.2% decrease. Mortgage rates decreased after climbing slightly in the preceding week. The 30-year fixed mortgage declined 4 basis points coming in at 6.93%. Wed, 27 Mar 2024 07:00:00 ESTUnited States: Texas Service Sector Outlook Surveyhttps://www.economy.com/dismal/indicators/releases/BC690249-E17F-4741-8F7A-0ED3172A432ATexas service sector activity expanded in March in terms of revenues, though the index value of 4.0 is slightly weaker than February’s reading. The employment index turned slightly negative to -1.2 while the hours worked index held steady at 0.7. With both measures near zero, it’s clear that the labor market was little changed in March. Retail remained weak, with revenue mostly falling during the last two years. Indicators of conditions six months from now remain moderately positive, consistent with the historical pattern.Tue, 26 Mar 2024 10:30:00 ESTUnited States: Conference Board Consumer Confidencehttps://www.economy.com/dismal/indicators/releases/EF51D8BA-A764-4CA7-ABE1-2B32D236A765U.S. consumer confidence was unmoved in March, according to the Conference Board, in line with our prerevision expectation. The headline index inched back from a downwardly revised 104.8 (previously 106.7) in February to 104.7. A slight increase in the present situation index was offset by a similar-sized decline in the expectations index, which remains below 80, the threshold typically associated with recession. Confidence rose among consumers age 55 and older but weakened for those younger than age 55. Over the prior six months, consumer confidence has essentially flatlined. Tue, 26 Mar 2024 10:00:00 ESTUnited States: Richmond Fed Manufacturing Surveyhttps://www.economy.com/dismal/indicators/releases/62E5640E-E8D3-4EAC-BB92-57FDE5E10CDCAccording to the Richmond Fed Manufacturing Survey, manufacturing contracted in March. After improving in February, the headline diffusion index ticked down again to -11 in March from -5 in February. Of the component indexes, only the shipments index increased, inching up from -15 to -14 but still solidly in contractionary territory. The new orders index slumped from -5 to -17 while the employment index fell from 7 to 0. Tue, 26 Mar 2024 10:00:00 ESTUnited States: FHFA Purchase-Only House Price Indexhttps://www.economy.com/dismal/indicators/releases/38B67DC6-D46A-4656-8B22-3C5E63C4BF89The Federal Housing Finance Agency Purchase-Only House Price Index was up 6.3% on a year-ago basis in January. However, house price growth declined 0.1% on a monthly basis. The shortage of homes for sale continues to put upward pressure on house prices, while poor affordability and high mortgage rates weigh on housing demand. All census divisions posted gains on an annual basis but were mixed on a monthly basis. Tue, 26 Mar 2024 09:00:00 ESTUnited States: S&P CoreLogic Case-Shiller® Home Price Indexeshttps://www.economy.com/dismal/indicators/releases/C8DCF5E8-B141-4093-8C66-21B91361E050U.S. house prices are rising as a tight supply of existing homes for sale offset the weight of extremely low affordability, according to the S&P CoreLogic Case-Shiller Home Price Index. The 20-city composite index was up 6.6% from a year ago in January, while the national index increased 0.4% over the month on a seasonally adjusted basis. Not seasonally adjusted data show that national house prices were down a modest 0.1%, which is typical as housing activity cools during the winter months. All 20 cities tracked by the report logged annual price gains, with San Diego and Los Angeles leading the pack.Tue, 26 Mar 2024 09:00:00 ESTUnited States: Durable Goods (Advance)https://www.economy.com/dismal/indicators/releases/93FB6B5A-499C-4F2B-B254-2098D49F3893U.S. durable goods orders rose 1.4% in February, better than we expected. Transportation accounted for the bulk of new orders, rising 3.3%. Excluding transportation, orders rose a less impressive 0.5% following a 0.3% decline in January. The key capital goods category rose 0.7% while shipments fell 0.4%. Total inventories rose 0.3% in February, while total unfilled orders remain unchanged.Tue, 26 Mar 2024 08:30:00 ESTUnited States: Philadelphia Fed Nonmanufacturing Surveyhttps://www.economy.com/dismal/indicators/releases/1A9FE3C9-07A9-49A1-9CBB-8FBAAD8C6169The Nonmanufacturing Business Outlook Survey from the Philly Fed showed a decline in service-sector activity in March. The headline diffusion index fell to -2.3 from 0.8 in February. The new orders index improved slightly but remained negative, increasing from -4.7 to -3.9. The sales/revenues index slid from 7.7 to 0.2. The full-time employment index also headed lower, falling from 9.1 in February to 3.5 in March. The prices paid index fell again, coming in at 26.6 in March, which is around its long-run average.Tue, 26 Mar 2024 08:30:00 ESTUnited States: Texas Manufacturing Outlook Surveyhttps://www.economy.com/dismal/indicators/releases/2609CC50-9567-4E0D-A0C1-413889F6B2A6After rebounding in February, Texas factory activity slid in March, with general business conditions ticking down to -14.4 from -11.3 in the prior month. A number of major indicators, including production, new orders and employment, retreated in March. The near-term outlook remains negative.Mon, 25 Mar 2024 10:30:00 ESTUnited States: New-Home Sales https://www.economy.com/dismal/indicators/releases/FF068312-7AD6-4D4A-AB15-7CDC94BCD3F3New residential sales moved sideways in February. According to the U.S. Census Bureau, 662,000 annualized units were sold during the month, which is largely unchanged from January’s revised rate of 664,000. From a year ago, new residential sales are up nearly 6%. The inventory of new homes for sale climbed to 463,000 units, and the months’ supply of inventory at the current pace of sales was 8.4. The median sales price for a new home was $400,500, which is more than 7% below the median price of a new home sold in February 2023.Mon, 25 Mar 2024 10:00:00 ESTWorld: Moody's Analytics Survey of Business Confidencehttps://www.economy.com/dismal/indicators/releases/703FEB4C-D075-4BD8-BA79-D6009E2CBE16Global business sentiment is stable and consistent with a global economy that is growing just below its potential. More than one-fourth of responses to the nine questions posed in the global business survey are positive, one-fifth are negative, and the remaining responses are neutral. Businesses are meaningfully more upbeat in their responses to the broad questions concerning present business conditions and prospects for business through this summer. They say their biggest problems are burdensome regulation and the cost and availability of labor. Mon, 25 Mar 2024 10:00:00 ESTUnited States: Chicago Fed National Activity Indexhttps://www.economy.com/dismal/indicators/releases/692563EC-0C23-4DA0-88D1-020E5E41B8F1The Chicago Fed National Activity Index points to a pickup in U.S. economic growth in February. The index increased to 0.05 in February from -0.54 in January. All four broad categories of indicators used to construct the index improved, and three categories were in positive territory. Production-related indicators contributed the most to the increase, coming in at 0.02. The index's three-month moving average decreased to -0.18 in February from 0.11 in January.Mon, 25 Mar 2024 08:30:00 EST