US Macro Updates

The One Stop Portal for US Macroeconomic Data. Simplified and Summarized! 

We simplify and summarize key data so that you don’t have to spend hours reading confusing and long media releases. Read key economic releases and major events here in under 2 minutes. And we will explain the key takeaway for you. Stay informed and form a robust view on macroeconomic matters to aid your successful investment decisions

Existing Home Sales

Existing Home Sales dipped 1.8% in April on the back of a sharp fall in the earlier month of March (minus 4.3%). The April figure stood at a SA annual...

Building Permits and Housing Starts

US housing construction data came in weaker for the 2nd month in a row. Building Permits in April were at a SA annual rate of 1.440mn. That was 3.0% below...

Industrial Production and Capacity Utilization

Industrial production in the US was little changed in April. The Industrial Production Index for the month of March was also revised down from 0.4% to 0.1%. Among major industry...

Zillow Housing Market Updates

The US Housing Market is a key component of the overall US economy and often a leading indicator of upcoming economic performance! Mortgage rates had spiked substantially in through most...

NAHB Housing Market Index

Home Builders confidence retreated in May as mortgage rates above 7% continued to bite. Home builder confidence had improved significantly since reaching a low of 34 on the Index in...

US Retail Sales

The Retail Sales report has been a bit of a roller coaster in 2024. The first two months of the year had posted weaker than expected Retail Sales prints. Retail...

US Producer Price Index

The first of the 3 inflation readings for the month is here and continuing the trend of recent months, it has surprised significantly on the higher side. The Producer Price...

NY Fed Survey of Consumer Expectations

After having stalled at 3.0% for the past 4 months, the one year ahead inflation expectation rose sharply from 3.0% to 3.3%, according to the latest release of the NY...

Michigan Consumer Sentiment Index

In a significant development, Consumer sentiment cratered in the month of May to 67.4 from 77.2 in the previous month of April. This was the intial reading and the final...

Manheim Used Car Price Index

After nearly 4 months of muted declines, the Manheim Used Vehicle Value Index declined a substantial 2.3% m-o-m in April. Since reaching a peak of about 260 in late 2021,...

ISM US Services PMI

Data on the all important Services sector of the US economy is steadily getting more interesting. In general, the story over the past 12-18 months has been a softness in...

US Non-Farm Payrolls

The latest BLS report released on 3rd May 2024 showed total non farm payroll employment rose by a lower-than-expected 175K. The unemployment rate increased slightly from 3.8% to 3.9%. Job...

Realtor.com Housing Market Updates

The US Housing Market is a key component of the overall US economy and often a leading indicator of upcoming economic performance!

Unit Labour Costs and Productivity

The BLS released its Q1 2024 labour productivity and unit labour cost data on 2nd May 2024. Non-farm business sector labor productivity increased only 0.3% in 1Q. Firstly, this productivity...

Construction Spending

Construction spending in the US was estimated at a seasonally adjusted annualized rate of $2.083 Tn in March, 0.2% below the downwardly revised February estimate of $2.088 Tn. Construction spending...

Job Openings and Labour Turnover (JOLTS)

The number of Job Openings on the last business day of March was a fair bit lower at 8.5mn compared to 8.8mn in February. The print was also a bit...

ADP Non Farm Employment Change

Private sector employment increased by a sizeable 192K jobs in April. Consensus expectations were for an increase of 179K. After a few soft prints in the 4th quarter of 2023,...

ISM US Manufacturing PMI

The ISM Manufacturing PMI registered 49.2% in April, down 1.1% from the 50.3% recorded in March. Given the headline number below tbe key mark of 50%, the US manufacturing sector...

Employment Cost Index

The latest Employment Cost Index data for Q1 2024 showed compensation costs of civilian workers increased 1.2% seasonally adjusted. Wages and salaries increased 1.1% and benefits increased 1.1% from December...

The Conference Board – Consumer Confidence Index

The Conference Board Consumer Confidence Index declined for the 3rd month in a row. Inflation readings have been stickier than anticipated. Oil prices generally have increased in the first quarter...

S&P/Case Shiller House Price Index

The US Residential Real estate market remains centerstage to have a view of the US economy as a whole. From that perspective, the latest release of the S&P Core Logic...

Asset and Liabilities of US Commercial Banks

Tracking deposit and loan data in the US Banking system is a critical aspect of understanding the overall monetary and economic picture. With the banking panics of SVB, SB and...

Personal Income and Outlays / PCE Price Index

Post 3 continuous hotter-tan-expected CPI prints, the March PCE print was widely expected to be hot. And it did not disappoint. The PCE Price Index for March was up 2.7%...

The Federal Reserve Balance Sheet

It has been almost a year since the March banking crisis that began with Signature Bank and SVB. Generally, the market believes that the banking system is stable now. However,...

Pending Home Sales

The US Residential home market was off to a decent start in 2024. Pending Home Sales increased a substantial 8.3% in December at 77.3 compared to November. However, the Pending...

Advance Monthly Retail Inventories

The Census Bureau’s latest Advance report on retail inventories showed Retail inventories increased 0.3% in March compared to the previous month. Core inventories, which exclude motor vehicle and parts, on...

Advance Monthly Wholesale Inventories

Wholesale inventories for the month of March were estimated to be at a month end level of $896.2Bn, approx. 0.4% lower than the February level. After having been in a...

Durable Goods Orders

The latest Census Bureau report for the month of March showed headline Durable Goods Orders increase 2.6% m-o-m. Like most months, a large part of the increase was driven by...

New Home Sales

The latest report from the Census Bureau showed New Home Sales for the month of March at about 693K. That is a 56K increase from the revised February print of...

S&P Global US PMI

The latest PMI data from S&P Global for the month of April was broadly weak. Overall output, which includes services business and manufacturing, fell from 52.1 in March to 50.9...