ETF Action: Research

Macro Briefs

(*Available to Subscribers Only)

Summaries of the day's macroeconomic news reports, as well as weekly reviews including:




DOWNLOAD A SAMPLE

Macro Briefs Archives

 Macro Brief: Retail Sales

10.15.2021

Retail sales unexpectedly rose in September, for the second consecutive month

  • Headline retail sales increased month/month by 0.7% (est. -0.1%)
  • Excluding autos & gas rose by 0.7%, above consensus estimates (est. -0.3%)
  • Gasoline stations were up 38.2% year/year
  • Increasing retail sales show a surprisingly resilient consumer base, despite ongoing supply chain issues

 Macro Brief: PPI

10.14.2021

The Producer Price Index rose by a record 8.6% from last September 

  • Headline and Core PPI rose by 0.5% and 0.2% month/month, respectively
  • Index for final demand goods attributed to nearly 80% of the increase 
  • Index for final demand services rose 0.2%, despite a large drop in prices for airline passenger services
  • Supply chain bottlenecks and labor shortages have created consistent inflationary pressure over the past year

 

 Macro Brief: CPI

10.13.2021

Headline inflation month/month rises more than expected in September by 0.4%

  • Headline inflation above consensus 0.3% and primarily driven by the rise in food and energy prices
  • Core inflation hit the consensus at 0.2% month/month  
  • The index for used cars and trucks fell 0.7%
  • Food index rose with continuing increases in food at home and food away from home

 

 Macro Brief: JOLTS

10.12.2021

Quit rates hit a series high in August, primarily within accommodation and food services

  • 10.439 million job openings below consensus of 11.013 million
  • July data revised higher from 10.934 million to 11.098 million
  • Hires fell to 6.3 million, while separations were little changed at 6.0 million
  • Record high quit rates signify a high demand for labor, while health concerns are ongoing
  • Layoffs were little changed at 0.9%

 Macroeconomic Review

10.10.2021

Major macroeconomic releases for the prior and upcoming weeks accompanied by historical macroeconomic data and chart books

  • EIA Petroleum Status Report: Crude oil inventories rose by 2.3 million barrels last week, as prices continued to push higher
  • Jobless Claims: Initial jobless claims fell for the first time in four weeks
  • Employment Situation: September Employment Situation data showed job gains, but well below consensus estimates
  • Macroeconomic releases in the week ahead: Jobless Claims, JOLTS, CPI, PPI and Retail Sales

 Macro Brief: Employment Situation

10.8.2021

September Employment Situation data showed job gains, but well below consensus estimates

  • 194K payrolls, in comparison to last month's revised 366K and below the consensus (est. 475K) 
  • Unemployment rate fell to 4.8%
  • Job gains in leisure and hospitality, followed by professional and business services
  • Participation rate slightly declined to 61.6%
  • 13.2% of employed persons teleworked because of the coronavirus pandemic, slightly down fron 13.4% August

 

 Macro Brief: Jobless Claims

10.7.2021

Initial jobless claims falls for the first time in four weeks

  • 326K initial claims below consensus estimates (est. 348K)
  • Continuing claims fall by 97K to 2.714 million
  • Advance adjusted insured unemployment rate slightly drops to 2.0%
  • 4-week moving average increases to 344.00K

 

 Macro Brief: EIA Petroleum Status Report

10.6.2021

Crude oil inventories rose by 2.3 million barrels last week, as prices continued to push higher

  • Crude oil inventories were 7% less than average
  • Gasoline inventories rose by 3.3 million barrels
  • Distillate inventories declined by 0.4 million barrels 
  • Analysts now predict prices could reach up to $100 per barrel

 Macroeconomic Review

10.4.2021

Major macroeconomic releases for the prior and upcoming weeks accompanied by historical macroeconomic data and chart books

  • Consumer Confidence (CB): Consumer confidence fell to lowest level since February, measuring 109.3 
  • Jobless Claims: Initial claims unexpectedly rise to 362K
  • ISM Manufacturing: Economic activity in the manufacturing sector grew in September for the 16th consecutive month (ISM PMI)
  • Macroeconomic releases in the week ahead: Jobless Claims, ISM Services Index and Employment Situation 

 Macro Brief: ISM Manufacturing

10.1.2021

Economic activity in the manufacturing sector grew in September for the 16th consecutive month (ISM PMI)

  • ISM PMI rose 1.2 percentage points to 61.1, above consensus estimates (59.8) 
  • New orders, production and employment indices expanded
  • Both manufacturing and overall economy growing at a faster pace
  • Prices and inventories expanding a quicker pace than last month

Sign Up