US: Recap of Economic Indicators

                             May-19   Apr-19   Mar-19   Feb-19   Jan-19   Dec-18

--------------------------------------------------------------------------------

UI Claims/4wk avg

wk 1                        228/220  197/207  224/220  230/225  221/224  213/225

wk 2                        212/225  193/201  216/220  231/229  217/223  220/224

wk 3                        212/221  230/206  212/217  213/229  211/220  223/221

wk 4                        215/217  230/212  204/214  224/225  244/223  231/222

wk 5                                                   218/221

Nonfarm Payrolls                       +263k    +189k     +56k    +312k    +227k

Private Payrolls                       +236k    +179k     +46k    +297k    +224k

Mfg Payroll                              +4k     Unch      +8k     +17k     +20k

Unemployment                            3.6%     3.8%     3.8%     4.0%     3.9%

Avg Wkly Hours                          34.4     34.5     34.4     34.5     34.5

Avg Hours - Mfg                         40.7     40.7     40.7     40.8     40.9

Aggr Hours Index                       -0.1%    +0.5%    -0.3%    +0.3%    +0.5%

Aggr Hrs Index - Mfg                    Flat     Flat    -0.2%    -0.1%    +0.3%

Avg Hourly Earnings                    +0.2%    +0.2%    +0.4%    +0.1%    +0.4%

Final Demand PPI                       +0.2%    +0.6%    +0.1%    -0.1%    -0.1%

excl food & energy                     +0.1%    +0.3%    +0.1%    +0.3%     Flat

excl food, energy, trade               +0.4%     Flat    +0.1%    +0.2%     Flat

CPI                                    +0.3%    +0.4%    +0.2%     Flat     Flat

excl food & energy                     +0.1%    +0.1%    +0.1%    +0.2%    +0.2%

Import Prices                          +0.2%    +0.6%    +1.0%    +0.2%    -1.4%

non-petro import prices                -0.6%    +0.2%    +0.2%    -0.3%    +0.2%

ISM Mfg Prices Pd Index                 50.0     54.3     49.4     49.6     54.9

PCE Price Index M/M                    +0.3%    +0.2%    +0.1%    -0.1%    +0.1%

PCE Price Index Y/Y                    +1.5%    +1.4%    +1.3%    +1.3%    +1.8%

Core PCE Price Index M/M               +0.2%    +0.1%     Flat     Flat    +0.2%

Core PCE Price Index Y/Y               +1.6%    +1.5%    +1.6%    +1.8%    +2.0%

Treasury Budget (bn)                          +$160.3  -$146.9    +$8.7   -$13.5

Consumer Credit (bn)                           +$10.3   +$15.5   +$17.7   +$15.4

CB Consumer Confidence        134.1    129.2    124.2    131.4    121.7    126.6

Consumer Sentiment            100.0     97.2     98.5     93.8     91.2     98.3

Car Sales Ex GM,Ford, saar

(mn)                                     2.3      2.6      2.4      2.5      2.6

Truck Sales Ex GM,Ford,

Saar (mn)                                4.8      5.0      4.7      4.6      5.0

Total Ex GM,Ford, saar

(mn)                                     7.1      7.6      7.1      7.1      7.5

Retail Sales                           -0.2%    +1.7%    -0.3%    +0.8%    -1.6%

excl motor vehicles                    +0.1%    +1.3%    -0.3%    +1.4%    -2.1%

Personal Income                        +0.5%    +0.1%    +0.2%    -0.1%    +0.9%

Personal Spending                      +0.3%    +1.1%     Flat    +0.3%    -0.6%

ISM Mfg Index                  52.1     52.8     55.3     54.2     56.6     54.3

ISM Nonmfg NMI                 56.9     55.5     56.1     59.7     56.7     58.0

MNI Chicago Report             54.2     52.6     58.7     64.7     56.7     63.8

Phila Fed Mfg Index            16.6      8.5     13.7     -4.1     17.0      9.1

Phila Fed Nonmfg Index         17.3     21.0     21.7     10.0      1.0      7.7

Empire State Index             17.8     10.1      3.7      8.8      3.9     11.5

KC Fed Mfg Index                  4        5       10        1        5        6

Richmond Fed Mfg Index            5        3       10       16       -2       -8

Dallas Fed Mfg Index           -5.3      2.0      6.9     11.6     -0.2     -6.9

Markit Mfg Index               50.6     52.4     52.4     53.0     54.9     53.8

Markit Services Index          50.9     53.0     55.3     56.0     54.2     54.4

Ind Production                         -0.5%    +0.2%     +0.1    -0.3%     Flat

Capacity Util                          77.9%    78.5%    79.0%    79.1%    79.5%

Factory Orders                         -0.8%    +1.3%    -1.0%    +0.1%    +0.2%

Factory Orders ex

transport                              +0.3%    +0.3%    +0.3%    -0.2%    -0.4%

Durables                               -2.1%    +1.7%    -2.6%    +0.5%    +1.1%

Durables ex transport                   Flat    -0.5%    -0.3%    +0.1%    +0.2%

Nondurables                            +0.5%    +0.9%    +0.7%    -0.4%    -0.8%

Mfg Shipments                          -0.5%    +0.2%    +0.3%    -0.2%    -0.2%

Business Inventories                             Flat    +0.3%    +0.9%    +0.8%

Factory                                +0.3%    +0.4%    +0.3%    +0.5%     Flat

Retail                                          -0.3%    +0.3%    +0.8%    +1.1%

Wholesale                                       -0.1%    +0.4%    +1.2%    +1.1%

Housing Starts (mn)                    1.235    1.168    1.149    1.291    1.142

Building Permits (mn)                  1.290    1.288    1.291    1.317    1.326

NAHB Index                                63       62       62       58       56

New Home Sales (k)                       673      723      669      644      564

Existing Homes (mn)                     5.19     5.21     5.48     4.93     5.00

Pending Home Sales Index               104.3    105.9    101.9    103.2     99.0

Construct Spending                      Flat    +0.1%    +1.0%    +0.7%    +0.2%

Private Residential                    -0.6%    -1.2%    -0.7%    -2.9%    +0.8%

Trade Balance (bn)                             -$50.0   -$49.3   -$51.1   -$59.9

Exports (bn)                                  +$212.0  +$210.0  +$207.3  +$205.4

Imports (bn)                                  +$262.0  +$259.2  +$258.5  +$265.4

Goods Only, BOP (bn)                           -$72.4   -$72.0   -$73.2   -$81.5

Leading Index                                   +0.4%    +0.1%     Flat    -0.1%

                                                Q1-19                      Q4-18

GDP (chain-wt)                                  +3.1%                      +2.2%

Final Sales                                     +2.5%                      +2.1%

Chain prices                                    +0.8%                      +1.7%

Current-dollar                                  +3.6%                      +4.1%

                                                Q1-19                      Q4-18

Nonfarm Productivity                            +3.6%                      +1.3%

Nonfarm Unit Labor Costs                        -0.9%                      +2.5%

                                                Q1-19                      Q4-18

ECI (q/q)                                       +0.7%                      +0.7%

(a) advance report

--MNI Washington Bureau; +1 (973) 494-2611; email: harrison.clarke@marketnews.com

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