Succinct Summations for the week ending August 17th, 2018
Positives:
1. Jobless claims fell to 212k w/o/w, beating the expected 215k.
2. Nonfarm productivity shows a 2.9% annualized rate q/o/q, beating expectations.
3. Retail sales rose .5% in July, beating the expected .1% rise.
4. Consumer sentiment remains at high levels, coming in at 97.9 for July.
Negatives:
1. Housing starts came in at 1.168M in July, lower than the expected 1.271M.
2. MBA home mortgage applications fell a seasonally adjusted 3% w/o/w, the fifth consecutive weekly decline in a row.
3. Industrial production rose .1% m/o/m, down from the previous rise of .6%.
4. Same store sales rose 4.5% w/o/w, lower than the previous 5.6% rise.
5. Business inventories rose .1% m/o/m, lower than the previous .4%.
Thanks, Matt!
