Tag Archive for Inventories

High inventory levels signal weaker demand |Chinadaily.com.cn

China’s commodity inventories are building up rapidly, indicating that demand for power and steel is slowing as the economy cools. As of Wednesday, coal stockpiles stood at 8.7 million metric tons at Qinhuangdao port, China’s biggest coal port in Hebei province, up 40 percent year-on-year, statistics from Wind Information show. “The inventory level is the…

Listed House Sale Closings Rose 74,000 in March, Prices up 5% in Month, 2.5% in Year

The NAR reported today that their members settled 361,000 house sales in March (actual, not seasonally manipulated), up 74,000 from February. The median price rose 5.27% versus February and was up 2.5% versus March 2011. This was the largest monthly percentage price gain since June 2005. The year over year gain was the first significant…

ISM in Wonderland Media Reporting Versus Reality, Which Do You Prefer?

The big economic news story on Monday was the ISM Purchasing Managers Index. The headline number was only mildly positive, but it was enough so that Bloomberg was beside itself with joy. “Manufacturing in the U.S. expanded at a faster pace in March, driven by gains in employment and production that signal the world’s biggest…

CoreLogic Data Shows House Price Declines Slowing

CoreLogic’s data for January closed house sales (mostly November contracts) shows a year over year decline of 3.1% nationally. the month to month decline was 1%. However, the 12 month rate of decline has been slowing sharply. According to CoreLogic, 6 of the 10 largest metropolitan markets in the US showed year over year declines…