Sunday, April 20, 2014
Inquirer Daily News

Archive: August, 2013

POSTED: Thursday, August 29, 2013, 10:54 AM
A ship is loaded with cargo in Fort Lauderdale, Fla. (AP File Photo/J Pat Carter)

INDICATOR: Revised Second Quarter GDP/Weekly Jobless Claims

KEY DATA: GDP: 2.5% (up from 1.7%)/Claims: 331,000 (down 6,000)

IN A NUTSHELL: "Improving exports shows how being a seller to the world rather than just a buyer can really help the economy."

Joel L. Naroff @ 10:54 AM  Permalink | 0
POSTED: Tuesday, August 27, 2013, 11:59 AM
A Surfside, Fla., home. Steady hiring and low mortgage rates have spurred Americans to buy. (Wilfredo Lee / AP)

INDICATOR: August Conference Board Consumer Confidence/June S&P/Case-Shiller Home Prices

KEY DATA: Confidence: 81.5 (up 0.5 point) /Case-Shiller: up 0.9%; Year-over-Year: +12.1%

IN A NUTSHELL: "Confidence is not rising very rapidly even with home prices still rising sharply."

Joel L. Naroff @ 11:59 AM  Permalink | 0
POSTED: Monday, August 26, 2013, 10:08 AM
Orders for new computers fell nearly 20 percent in July. (AP Photo/Kin Cheung, File)

INDICATOR: July Durable Goods Orders

KEY DATA: Orders: -7.3%; Excluding Aircraft: -1.5%; Computers: -19.9%; Capital Expenditures: -3.3%; Backlogs: +0.4%

IN A NUTSHELL: "With the demand for big-ticket items faltering big-time, the prospects for solid growth this quarter grow dimmer."

Joel L. Naroff @ 10:08 AM  Permalink | 0
POSTED: Thursday, August 22, 2013, 2:48 PM
The little economic engine that could. (AP Photo)

INDICATOR: July Leading Indicators/Weekly Jobless Claims

KEY DATA: Leading Indicators: +0.6%/Jobless Claims: 336,000 (up 13,000)

IN A NUTSHELL: "The economy seems to be picking up some steam as the labor market continues to improve."

Joel L. Naroff @ 2:48 PM  Permalink | 0
POSTED: Wednesday, August 21, 2013, 11:30 AM
(AP)

INDICATOR: July Existing Home Sales

KEY DATA: Sales: (Monthly) up 6.5%; Year-over-Year: up 17.2%; Median Prices (Year-over-Year): up 13.7%

IN A NUTSHELL: "Housing activity remains solid but whether that is due to underlying strength or fears of higher mortgage rates is still quite unclear."

Joel L. Naroff @ 11:30 AM  Permalink | 0
POSTED: Thursday, August 15, 2013, 9:01 AM
(AP Photo/Steven Senne)

INDICATOR: July Consumer Price Index/Weekly Jobless Claims

KEY DATA: CPI: +0.2%; Excluding Food and Energy: +0.2%/Claims: 320,000

IN A NUTSHELL: "Inflation remains tame but it really looks like the labor market is starting to heat up."

Joel L. Naroff @ 9:01 AM  Permalink | 0
POSTED: Tuesday, August 13, 2013, 9:47 AM
(AP Photo/Jaime Henry-White)

INDICATOR: July Retail Sales/Import Prices

KEY DATA: Retail Sales: +0.2%; Excluding Vehicles: +0.5%/Imports: +0.2%; Non-Fuel: -0.4%

IN A NUTSHELL: "Consumers are still spending but not with a whole lot of conviction."

Joel L. Naroff @ 9:47 AM  Permalink | 0
POSTED: Tuesday, August 6, 2013, 4:07 PM
Foreign goods land at the Port of Los Angeles. (Chris Carlson / Associated Press)

INDICATOR: June Trade Deficit/CoreLogic Home Prices

KEY DATA: Deficit: $34.2 billion ($9.9 billion narrower)/CoreLogic Prices: +1.9%

IN A NUTSHELL: "The sharply narrower trade deficit likely means spring growth was stronger than initially estimated."

Joel L. Naroff @ 4:07 PM  Permalink | 0
About this blog
Joel L. Naroff is the president and founder of Naroff Economic Advisors, a strategic economic consulting firm in Bucks County. He advises companies across the country on the risks and opportunities that economic developments may have on the organization’s operating environment. An accomplished public speaker, Joel’s humor and unique ability to make economics understandable have brought him a wide following. Reach Joel at joel@naroffeconomics.com .

Joel Naroff
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