New Series Coming: Economic Wrap-Up
For those who are avid followers of the economy already, you'll know that there were four (yes, four) major economic releases published this morning. I wrote about all four on Seeking Alpha so feel free to go to their respective pages. Below I'll define each one...(and yes, I own glasses like these.)
What are these and why do investors care?
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smooths out weekly volatility.
Retail sales measure the total receipts at stores that sell merchandise and related services to final consumers. Sales are by retail and food services stores. Data are collected from the Monthly Retail Trade Survey conducted by the U.S. Bureau of the Census. Essentially, retail sales cover the durables and nondurables portions of consumer spending. Consumer spending typically accounts for about two-thirds of GDP and is therefore a key element in economic growth.
IMPORT & EXPORT PRICES
Import price indexes are compiled for the prices of goods that are bought in the United States but produced abroad and export price indexes are developed for the prices of goods sold abroad but produced domestically. These prices indicate inflationary trends in internationally traded products.
BUSINESS INVENTORIES AND SALES
Business inventories are the dollar amount of inventories held by manufacturers, wholesalers, and retailers. The level of inventories in relation to sales is an important indicator of the near-term direction of production activity.
(Definitions from Bloomberg's Economic Calendar)