- 54.9 in September vs. 51.5 in August, higher than expected; 3.1 pts. above the 12-month avg. of 51.8.
- Business Activity (59.9, a four-month high), New Orders (59.4, the highest since Feb. ’23), Employment (48.1, the first contraction since June), and Supplier Deliveries (52.1 vs. 49.6).
- Prices Index rises 2.1 pts. to 59.4, the highest since January.
Introducing
Winnie Tapasanun
in:Our Authors
Winnie Tapasanun has been working for Haver Analytics since 2013. She has 20+ years of working in the financial services industry. As Vice President and Economic Analyst at Globicus International, Inc., a New York-based company specializing in macroeconomics and financial markets, Winnie oversaw the company’s business operations, managed financial and economic data, and wrote daily reports on macroeconomics and financial markets. Prior to working at Globicus, she was Investment Promotion Officer at the New York Office of the Thailand Board of Investment (BOI) where she wrote monthly reports on the U.S. economic outlook, wrote reports on the outlook of key U.S. industries, and assisted investors on doing business and investment in Thailand. Prior to joining the BOI, she was Adjunct Professor teaching International Political Economy/International Relations at the City College of New York. Prior to her teaching experience at the CCNY, Winnie successfully completed internships at the United Nations. Winnie holds an MA Degree from Long Island University, New York. She also did graduate studies at Columbia University in the City of New York and doctoral requirements at the Graduate Center of the City University of New York. Her areas of specialization are international political economy, macroeconomics, financial markets, political economy, international relations, and business development/business strategy. Her regional specialization includes, but not limited to, Southeast Asia and East Asia. Winnie is bilingual in English and Thai with competency in French. She loves to travel (~30 countries) to better understand each country’s unique economy, fascinating culture and people as well as the global economy as a whole.
Publications by Winnie Tapasanun
USA| Oct 01 2024U.S. Construction Spending Unexpectedly Eases in August, the Third Straight M/M Decline
- August construction spending -0.1% m/m (+4.1% y/y); July and June revised down.
- Residential private construction -0.3% m/m, led by a 1.5% decline in single-family building.
- Nonresidential private construction -0.1% m/m, down for the second successive month.
- Public sector construction +0.3% m/m, led by a 1.6% rebound in residential public building.
USA| Sep 30 2024Texas Manufacturing Activity Less Negative in September, w/ Expectations Remaining Positive
- General business activity -9.0 in Sept. vs. -9.7 in Aug., having been negative since May ’22.
- Future general business activity 11.4 vs. 11.6, the fourth straight positive reading.
- Company outlook (-6.4, highest reading since Apr.); new orders growth (-8.6, negative for five successive mths.); and new orders (-5.2, negative for seven straight mths.).
- Production (-3.2, second contraction in three mths.) vs. Employment (2.9, second expansion in three mths.).
- Prices received index dips to 8.4 from 8.5; prices paid index falls 10.0 pts. to a five-month-low 18.2.
USA| Sep 27 2024U.S. Goods Trade Deficit Narrows to $94.26 Billion in August
- Smallest goods trade deficit since March and smaller than expected.
- Exports rise 2.4%, the second m/m gain in three months.
- Imports drop 1.6%, the first m/m decline since May.
USA| Sep 24 2024U.S. FHFA House Prices Edge Up in July
- July FHFA HPI +0.1% (+4.5% y/y, lowest since June ’23) vs. +0.002% (+5.3% y/y) in June.
- House prices rise m/m in six of nine census divisions but drop in South Atlantic (-0.7%), West South Central (-0.6%) and East South Central (-0.1%).
- House prices up y/y in all of the nine regions, w/ the highest rate in East North Central (7.5%).
USA| Sep 17 2024U.S. Housing Market Index Rebounds in September
- Home builder sentiment improves in Sept. after four straight m/m declines.
- All three HMI components rise, w/ the largest m/m increase in prospective sales in six months (+8.2%).
- Regional strength is widespread, w/ the biggest m/m gain in the Northeast (+19.6%).
USA| Sep 17 2024U.S. Retail Sales Unexpectedly Increase in August
- August total retail sales +0.1% (+2.1% y/y), the third m/m gain in four months.
- Ex-auto sales up 0.1%, while auto sales down 0.1%.
- Rebounds in miscellaneous store sales (+1.7%) and nonstore retail sales (+1.4%).
- Declines in gasoline sales (-1.2%) and electronics & appliance store sales (-1.1%).
USA| Sep 05 2024U.S. ISM Services PMI Continues to Rise in August
- 51.5 in August vs. 51.4 in July, higher than expected; 0.2 pts. below the 12-month avg. of 51.7.
- Business Activity (53.3, the 50th expansion in 51 mths.), New Orders (53.0, the 49th expansion in 51 mths.), Employment (50.2, the second straight expansion), and Supplier Deliveries (49.6 vs. 47.6).
- Prices Index rises 0.3 pts. to 57.3, remaining above 50 since June ’17.
USA| Sep 03 2024U.S. Construction Spending Unexpectedly Falls in July; First M/M Drop Since Oct. ’22
- July construction spending -0.3% m/m (+6.7% y/y); June and May revised up.
- Residential private construction -0.4% m/m, led by a 1.9% decrease in single-family building.
- Nonresidential private construction -0.4% m/m, the first monthly decline since March.
- Public sector construction +0.1% m/m, led by a 0.2% rebound in nonresidential public building.
- 46.1 in August vs. 45.3 in July; 3.2 pts. above the year-to-date average of 42.9.
- Four of the five subindexes remain below 50.
- Production (47.9, the 7th contraction in 8 mths.), New Orders (45.1, the 11th contraction in 12 mths.), Employment (39.5, the 9th straight contraction and a 3-month low), Order Backlogs (33.6, the lowest since May), and Supplier Deliveries (58.7, the highest since Oct. ’22).
- Prices paid index jumps 10.2 pts. to a three-month-high 66.0.
USA| Aug 29 2024U.S. Goods Trade Deficit Widens to $102.66 Billion in July
- Largest goods trade deficit since May ’22 and larger than expected.
- Exports hold steady m/m after a 2.7% June rebound.
- Imports rise 2.3% m/m, the third monthly increase in four months.
- June FHFA HPI -0.1% (+5.1% y/y, lowest since July ’23) vs. +0.04% (+5.9% y/y) in May.
- House prices drop m/m in seven of nine census divisions but rise in East South Central (0.7%) and South Atlantic (0.3%).
- House prices up y/y in all of the nine regions, w/ the highest rate in Middle Atlantic (7.7%).
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