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Consumer Economics
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Consumer Economics
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Euro area annual inflation up to 8.9% in July from 8.6% in June; energy expected to have the highest annual rate in July at 39.7%, followed by food, alcohol and tobacco at 9.8%: Eurostat
Eurostat (07/29)
University of Michigan's Index of Consumer Sentiment posts final July reading of 51.5, up from June's 50.0; inflation continued to dominate consumers' attention as labor market expectations softened further
University of Michigan (07/29)
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Household Income/Expenditures
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US homebuyer affordability mostly unchanged in June as the national median payment applied for fell to US$1,893 from US$1,897 in May; purchase demand slowed due to rising economic uncertainty and high inflation: Mortgage Bankers Assn.
Mortgage Bankers Association (MBA) (07/28)
Euro area household real consumption per capita decreased by 0.6% in Q1 after decreasing by 0.9% in the previous quarter; household real income per capita decreased in Q1 by 0.5%, after a decrease of 0.7% in Q4: Eurostat
Eurostat (07/27)
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Employee Compensation & Benefits
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Aptar CEO Stephan Tanda returns to CNBC’s ‘The Exchange’ to discuss current tight labor market in US, noting Aptar pays competitive wages, brings in skilled labor with temporary work visas, and is partnering with refugee organization Tent.org
AptarGroup Inc. (07/29)
Forbes names Andersen one of America's 'Best Employers for Women'; window and door company in 2022 expanded benefits eligibility to same- and different-gender domestic partners and their children, and added flexibility to its parental leave policy
PR Newswire (07/29)
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Employee Well-Being/Satisfaction
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Study of Chinese high-tech employees finds those satisfied with their jobs are more likely to act as ambassadors for their organizational brands; product, process innovation boosts empowerment, autonomy, which are positively related with job satisfaction
Technological Forecasting and Social Change (07/29)
In survey, 52% of dog owners say bringing their dog to work would foster more social interaction; in separate survey, 89% say it's important that they can continue to spend time with pets during work, especially after being home with them last two years
PR Newswire (07/29)
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Labor Scarcity/Skills Shortage
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Study finds 2021 was second-best year for independent grocers in terms of pre-tax net profits, despite labor shortages, historically low order fill rates of 74.6%; independents focused on loyalty programs to optimize trips and spending: NGA, FMS Solutions
GlobeNewswire (07/28)
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Leading Indicators
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GDP
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Euro area GDP increased by 0.7% in Q2 from the previous quarter, following a 0.5% increase in Q1; euro area GDP up by 4.0% year-over-year in Q2: Eurostat
Eurostat (07/29)
Canada's real GDP essentially unchanged in May, following a 0.3% expansion in April; growth in services-producing industries of 0.4% offset by decline of 1.0% in goods-producing industries: Statistics Canada
Statistics Canada (07/29)
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Leading Indicators & Economic Signals
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European Commission's Economic Sentiment Indicator in July fell 4.5 points from June to 99.0 in the euro area, below its long-term average; decline largely reflects significant losses in industry, services, retail trade and consumer confidence
European Commission (07/28)
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Energy Indicators
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US commercial crude oil inventories in week ended Jul. 22 decreased by 4.5 million barrels from the previous week to 422.1 million barrels; inventories are about 6% below the five year average for this time of year: EIA
U.S. Energy Information Administration (EIA) (07/27)
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Employment Statistics & Trends
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US unemployment insurance claims in week ended Jul. 23 down 5,000 to 256,000, four-week moving average up 6,250 to 249,250; total continued weeks claimed for benefits up 123,430 to 1.48 million in week ended Jul. 9: Dept. of Labor
U.S. Dept. of Labor (DOL) (07/28)
Canada's payroll employment decreased by 26,100, or 0.1% in May, all provinces except for British Columbia recorded losses; average weekly earnings decreased 0.1% from April to C$1,159.85: Statistics Canada
Statistics Canada (07/28)
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Interest Rates
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US 30-year fixed-rate mortgage averaged 5.30% in week ended Jul. 28, down from 5.54% last week; 30-year FRM averaged 2.80% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (07/29)
Federal Reserve raised benchmark interest rate by 0.75% for second straight time to tame the fastest annual rate of inflation in 41 years, which reached 9.1%; the increase in key rate raised it to a range of 2.25% to 2.50%, the highest level since 2018
Associated Press (07/27)
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Retail Metrics
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US labor productivity rose 6.6% in retail trade and 5.7% in wholesale trade in 2021, hours worked and output increased at fastest rate since 1987; unit labor costs rose in both wholesale and retail trade: BLS
U.S. Dept. of Commerce (DOC) (07/28)
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Inflation
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Businesses are trying to control costs amid inflation by tweaking packaging with color changes, material changes, smaller flaps and thinner boxes, says RRD Packaging Solutions president; 81% of RRD’s clients have made changes in some way over past year
CNN.com (07/29)
O’Reilly Automotive reports Q2 net income down 1% from a year ago to US$577.0M, with sales up 6% year-over-year to US$3.7B; comparable store sales up 4.3% in Q2 as DIY business faces pressure from high fuel prices, broad-based inflation
GlobeNewswire (07/29)
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Housing/Real Estate
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Housing Affordability
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US homebuyers with fair credit could pay up to US$288 more on monthly mortgage payments than buyers with excellent credit; homebuyers expected to pay nearly 62% more per month than year ago to purchase typically priced home: Zillow
Zillow Group Inc. (07/28)
Pending US home sales declined in June, down 8.6% from May to 91.0 on NAR's index, down 20.0% year-over-year; largest decline observed in the West
National Association of Realtors (NAR) (07/27)
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Mortgages/Home Financing
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US mortgage applications fell 1.8% in week ended Jul. 22 from one week earlier; Refinance Index decreased 4.0%, Purchase Index decreased 1.0%: Mortgage Bankers Assn
Mortgage Bankers Association (MBA) (07/27)
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New Homes
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Meritage Homes' Q2 net earnings up 49% annually to US$250.1M on home closing revenues up 11% to US$1.41B, home closing gross margin up to 31.6% while orders rose 6% to 3,767; company achieved its long-term goal of 300 communities with 303 at end of June
Meritage Homes Corp. (07/28)
Century Communities reports Q2 net income rose 35% year-over-year to record US$158.7M on home sales revenues up 10% to US$1.1B, net new home contracts down 28% to 2,233; homes in backlog increased 7% to 4,767 homes valued at US$2B
Century Communities Inc. (07/28)
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Residential Construction & Real Estate
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Taylor Morrison's Q2 net income increased to US$291M from US$124M in Q2 2021on net sales orders down 25% to 2,554, home closings revenue up 15% to US$1.9B; company invested US$451M in land acquisition/development
Taylor Morrison Home Corp. (07/28)
Conventional loans financed 74.8% of new US home sales in Q2, the largest share since 2008; share down by 1.8 percentage points from Q1 and 4.3 percentage points greater than Q2 2021: NAHB
National Association of Home Builders (NAHB) (07/27)
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Corporate Economics
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Corporate Management
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Hyundai promotes Randy Parker to CEO of Hyundai North America, Edgar Carranza named CEO of Hyundai Motor Mexico; Tedros Mengiste named VP of Genesis Motor America sales operations, Bob Kim named VP of national sales, Hyundai Motor America
Hyundai Motor Co. (07/29)
Humana announces it will restructure into two units called Insurance Services and CenterWell in 2023 to create more agile and collaborative company; company launches search for new leader of insurance, enterprise services
Financial Services Monitor Worldwide (07/29)
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Corporate Financing
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Avient announces debt financing to fund acquisition of DSM Protective Materials. which is expected to close on Sept. 1, 2022
Avient Corp. (07/28)
PhosAgro arranges for a split payment of interest due July 23 on US$500M in Eurobonds that mature in 2025, in line with Russian legislation
Interfax Russia & CIS Business and Financial Newswire (07/27)
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Initial Public Offering (IPO)
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United Maritime completes public offering of eight million units at a price of US$3.25/unit for gross proceeds of approximately US$26M; proceeds to be used for general corporate purposes, such as prepaying debt or funding the acquisition of vessels
Marketline - Deals (07/28)
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Small Businesses
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India-based Bambrew produces packaging from bamboo, sugarcane and seaweed, says its products can be made by machines that produce plastic packaging; company aims to expand globally, is developing a tech platform aimed at small and medium buyers
Yourstory.in (07/28)
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Country Economics
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Trade Agreement/Deal
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US and Colombian governments sign a protocol of amendment to the 2011 Air Transport Agreement in Bogota; amendment allows US air carriers to fly all-cargo services between Colombia and a third nation without needing to perform a commercial stop in the US
Targeted News Service (Press Releases) (07/28)
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Country Economics
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US real GDP fell at annual rate of 0.9% in Q2 after 1.6% decline in Q1; lower private inventory investment, residential fixed investment, federal government spending, state and local government spending, non-residential fixed investment: Dept. of Commerce
U.S. Dept. of Commerce (DOC) (07/28)
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Macro Data
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Latest Value |
Prev Value |
Year Ago Value |
ADP Non-Farm Private Sector Employment
Thousands
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Latest: May/22
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129,256.10
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129,127.87
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124,001.26
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Unemployment Claims 4-Wk. Avg.
Total, Seasonally Adjusted
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Latest: 07/23/22
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249,250
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243,000
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407,250
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Unemployment Claims, U.S. (NSA)
Total, Not Seasonally Adjusted
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Latest: 07/23/22
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216,496
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258,913
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342,604
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Unemployment Claims, U.S. (SA)
Total, Seasonally Adjusted
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Latest: 07/23/22
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256,000
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261,000
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411,000
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Unemployment Rate, U.S.
%
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Latest: Jun/22
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3.60
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3.60
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5.90
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Treasury Bills: 10-Year, U.S.
%
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Latest: Jun/22
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3.14
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2.90
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1.52
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30-Year FRM
%
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Latest: 07/28/22
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5.30
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5.54
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2.80
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CAD/USD - daily
Real/US$
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Latest: 07/29/22
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0.78
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0.78
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0.80
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Consumer Confidence
Index 1985=100
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Latest: Jul/22
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95.70
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98.40
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125.10
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Leading Indicators
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Interactive Chart: Click on legend/key to see full view on your dashboard
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Interactive Chart: Click on legend/key to see full view on your dashboard
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Latest Corporate Economics Updates |
Latest Value |
Prev Value |
Year Ago Value |
YOY Chg |
Inventories: Total Business
millions US$ |
Latest:
May/22
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2,381,882
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2,348,268
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2,023,512
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17.71%
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Manuf: Avg Weekly Hrs, Non-Supervisors
Hours |
Latest:
Jun/22
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40.90
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41.20
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41.30
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-0.97%
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Manufacturers Orders: Durable
millions US$ |
Latest:
Jun/22
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272,596
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267,582
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245,826
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10.89%
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Manufacturers Orders: Nondurable
millions US$ |
Latest:
May/22
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275,856
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269,595
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235,132
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17.32%
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Interactive Chart: Click on legend/key to see full view on your dashboard
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Sources: Industry Intelligence Inc.,Census Bureau
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