Economic Collapse

[basserdan]

10:00a Business Inventories
Inventories - M/M change -0.2% actual vs 0.1% (rev) prior
Definition
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.


10:00a NAHB Housing Market Index 75 actual vs 76 prior
Definition
The National Association of Home Builders produces a housing market index based on a survey in which respondents from this organization are asked to rate the general economy and housing market conditions. The housing market index is a weighted average of separate diffusion indexes: present sales of new homes, sales of new homes expected in the next six months, and traffic of prospective buyers in new homes.


10:30a EIA Natural Gas Inventory
Weekly Change -109bcf actual vs -44bcf prior
Definition
The Energy Information Administration (EIA) provides weekly information on natural gas stocks in underground storage for the U.S. and five regions of the country. The level of inventories helps determine prices for natural gas products.