CD Media
Markets

Economic Indicators For February Collapse While Prices Rise

Economic Indicators For February Collapse While Prices Rise
Rear of H. H. Franklin Factory in Syracuse, New York – 1913

Please Follow us on Gab, Parler, Minds, Telegram, Rumble

Economic data released this morning showed a collapse of retail sales and industrial production in February. Some analysts say the numbers are weather related, but usually these things are factored into the estimates, and the analysts are very good at estimates.

The miss could also be due to consequences of government interference in private markets with stimulus payments, and lockdowns. Consumers are growing used to checks, and when the don’t get them…well…

Export/Import prices rose more than expected as well for the month.

Financial markets were mixed on the day with interest rates declining, and oil prices rising.

Retail Sales ex Autos (MoM) (Feb) printed at -2.7% vs -0.1% consensus estimate.

Import Price Index (MoM) (Feb) printed at 1.3% vs 1.2% estimate.

Import Price Index (YoY) (Feb) printed at the estimate of 3%.

Export Price Index (MoM) (Feb) printed at 1.6% vs 0.9% estimate.

Export Price Index (YoY) (Feb) printed at the estimate of 5.2%

Retail Sales Control Group (Feb) printed at -3.5% vs -0.9% estimate.

Retail Sales (MoM) (Feb) printed at -3% vs -0.5% estimate.

Industrial Production (MoM) (Feb) printed at -2.2% vs 0.6% estimate.

Capacity Utilization (Feb) printed at 73.8% vs 75.8% estimate.

Business Inventories (Jan) printed at the estimate of 0.3%.

NAHB Housing Market Index (Mar) printed at 82 vs 83 estimate.

You Won’t Get Anywhere Else What You Get From CDMedia! Donate! 

Related posts

Today’s “Watershed” Repo-calypse Is “One Of The Worst Things That Can Happen”

CD Media Staff

Bitcoin Hits New Highs After Tesla Gets Crypto Religion

CD Media Staff

Fed Injects $134BN In Liquidity, Term Repo Oversubscribed Amid Month-End Liquidity Panic

CD Media Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!