Please help. Must use current data! I do not need a response until later this we
ID: 2505677 • Letter: P
Question
Please help. Must use current data! I do not need a response until later this week, so take your time. In addition, I will be using your information as reference only. I will not plagiarize. I really struggle with this class... Thank you for your help! Research the current value of the following economic indicators:
Based on your research, write a paper of 500-750 words that addresses the following:
The economic data required for this assignment can be found on the Federal Reserve Bank of New York website (http://www.newyorkfed.org/index.html).
Explanation / Answer
Each apartment unit is considered a single start. The construction of a 30-unit apartment building is counted as 30 housing starts.
7.
5.New orders for manufactured goods in November, up two of the last three months, increased $8.8 billion or 1.8 percent to $497.9 billion, the U.S. Census Bureau reported today. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.5 percent October decrease. Excluding transportation, new orders increased 0.6 percent. Shipments, up six of the last seven months, increased $4.9 billion or 1.0 percent to $494.6 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.1 percent October increase. Unfilled orders, up nine of the last ten months, increased $10.4 billion or 1.0 percent to $1,058.5 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a 0.6 percent October increase. The unfilled orders-to-shipments ratio was 6.42, up from 6.39 in October. Inventories, up eleven of the last twelve months, increased $0.2 billion to $633.4 billion. This was also at the highest level since the series was first published on a NAICS basis and followed a slight October increase. The inventories-to-shipments ratio was 1.28, down from 1.29 in October.New Orders: New orders for manufactured durable goods in November, up three of the last four months, increased $8.1 billion or 3.4 percent to $241.6 billion, revised from the previously published 3.5 percent increase. This followed a 0.7 percent October decrease. Transportation equipment, also up three of the last four months, led the increase, up $6.2 billion or 8.3 percent to $81.1 billion. New orders for manufactured nondurable goods increased $0.8 billion or 0.3 percent to $256.3 billion. Shipments: Shipments of manufactured durable goods in November, up four consecutive months, increased $4.1 billion or 1.8 percent to $238.3 billion, unchanged from the previously published increase. This was at the highest level since the series was first published on a NAICS basis and followed a 0.6 percent October increase. Machinery, also up four consecutive months, led the increase, up $1.4 billion or 4.2 percent to $35.5 billion. Shipments of manufactured nondurable goods, up following three consecutive monthly decreases, increased $0.8 billion or 0.3 percent to $256.3 billion. This followed a 0.3 percent October decrease. Petroleum and coal products, also up following three consecutive monthly decreases, drove the increase, up $1.0 billion or 1.4 percent to $71.6 billion.
6.Housing starts is an economic indicator that reflects the number of privately owned new houses (technically housing units) on which construction has been started in a given period. This data is divided into three types: single-family houses, townhouses or small condos, and apartment buildings with five or more units.
Each apartment unit is considered a single start. The construction of a 30-unit apartment building is counted as 30 housing starts.
7.
Definition of 'Retail Sales'
An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce. The report covers the previous month, and is released about two weeks after the month-end. Comparisons are made against historical data; year-over-year comparisons are the most-reported metric because they account for the seasonality of consumer-based retail.
Investopedia explains 'Retail Sales'
The retail sales report captures in-store sales as well as catalog and other out-of-store sales. The report also breaks down sales figures into groups such as food and beverages, clothing, and autos. The results are often presented two ways: with and without auto sales being counted, because their high sticker price can add extra volatility to the data.
Retail sales figures are vital to stock investors as a whole, and especially to those who invest in retail companies directly. They are also are a big component of total gross domestic product (GDP) in the United States, so any extended drop-offs in retail spending can trigger a recession by lowering tax receipts and forcing companies to reduce head counts.
As far as broad economic indicators go, the retail sales report is one of the most timely, providing data that is only a few weeks old. Individual retail companies often give their own sales figures around the same time per month, and their stocks can be very volatile around this time as investors process the data.