Misc: Richmod Fed Mfg Survey Improves, Consumer Confidence increases

 

Catching up on a few earlier releases …
• From the Richmond Fed: Manufacturing Activity Ticked Up in September; New Orders Turned Positive

In September, the seasonally adjusted composite index of manufacturing activity — our broadest measure of manufacturing — gained thirteen points to 4 from August’s reading of −9. Among the index’s components, shipments rose eight points to 9, new orders picked up twenty-seven points to end at 7, and the jobs index held steady at −5.

This expansion followed three months of contraction in this index and was better than expected.
• From the Conference Board: Consumer Confidence Index® Increases in September. Index Improves Nine Points

The Conference Board Consumer Confidence Index®, which had declined in August, improved in September. The Index now stands at 70.3 (1985=100), up from 61.3 in August.

This was above expectations.
• From the FHFA: FHFA House Price Index Up 0.2 Percent in July

U.S. house prices rose 0.2 percent on a seasonally adjusted basis from June to July, according to the Federal Housing Finance Agency’s monthly House Price Index. … For the 12 months ending in July, U.S. prices rose 3.7 percent.

Earlier on house prices:
• Case-Shiller: House Prices increased 1.2% year-over-year in July
• House Price Comments, Real House Prices, Price-to-Rent Ratio

Misc: Richmod Fed Mfg Survey Improves, Consumer Confidence increases
Bill McBride
Tue, 25 Sep 2012 20:06:00 GMT