Haver’s data services are provided through the DLX platform; delivering tools for data management, visualization, modeling and publishing. DLX is designed to increase productivity and integrates with Excel, PowerPoint, and major statistical software packages; MatLab, R, Python, SAS, E-views and Stata. DLX component application DLXVG3 offers precision graphics, publishing, analytic tools, and easy navigation for all Haver databases.

icon-chart.png

Chart and compare multiple data series with accompanying data table of values

Advanced functions (growth rates, moving averages, aggregation, seasonal adjustment)

Analytical tools (cycle charts, scatterplots, trend lines, and recession shading)

Complete graph customization (axis scaling, sizing, formatting, styles)

Excel and PowerPoint direct export and complete integration (dynamic spreadsheets and presentations update on a click)

DLXVG3

icon-db.png

DLX Add-ins for all versions of Excel provide instant data updates of entire workbooks

Use DLXVG3 to locate data series codes from within any file, easily creating new spreadsheets for analysis

Edit date ranges, archive data, apply functions

Excel Spreadsheet Add-ins

icon-time.png

Haver offers timely, accurate, and professionally supported data via an update service, meeting the strictest demands of the institutional research community

AutoUpdate provides fast and reliable data updates within seconds of source releases

Timer service runs continuously on an hourly basis when DLX is running

Manual updates offer clients the independence to update data retrievals on any desired schedule

All database updates retrieve only the data series that have changed and send only the data points that have been updated; including revisions

Timely Updates

DLX software tools to convert data into many different formats needed for diverse analytical frameworks

Haver supports a DLX API permitting clients to leverage and build processes with DLX data

Database Compatibility

products-dlx.svg

Data Link Express

Platform Independent site delivering DLX Databases across any workstation or device.

products-haverview.svg

HaverView

[Matlab](http://matlab.com) by The MathWorks lets you access, visualize, and analyze historic time-series data to identify patterns or uncover complex relationships. From within a single environment you can:

- Access data from multiple sources including files, spreadsheets, databases, data providers, and the Web
- Store data in financial time-series objects to simplify data management, data transformation, missing-data handling, and date-math calculations
- Perform technical analysis with moving averages, oscillators, stochastics, and indices
- Create custom analysis routines and visualizations or animations to capture, present, and share your analysis processes and discoveries
- Customize your analysis environment with advanced functionality from signal processing, statistics, or econometrics

products-matlab.svg

MATLAB

[Stata Data Analysis and Statistical Software](https://www.stata.com) by StataCorp LP is an integrated statistical package designed for researchers of all disciplines. It provides the ability to do data analysis, data management and graphics and has features such as multiple imputation, factor variables, GMM, competing-risks regression, state-space modeling, predictive margins, and more.

products-stata.svg

Stata

[SAS](https://www.sas.com) provides an integrated environment for predictive and descriptive modeling, data mining, text analytics, forecasting, optimization, simulation, experimental design and more. From predictive analytics to model deployment and process optimization, SAS provides a range of techniques and processes for the collection, classification, analysis and interpretation of data to reveal patterns, anomalies, key variables and relationships, leading ultimately to new insights and better answers faster.

[SASEHAVR](http://support.sas.com/documentation/cdl/en/etsug/67525/HTML/default/viewer.htm#etsug_sasehavr_gettingstarted01.htm) is a seamless interface between Haver and SAS data processing that enables SAS users to read economic and financial time series data that reside in a Haver Analytics DLX (Data Link Express) database. [SASEHAVR](http://support.sas.com/documentation/cdl/en/etsug/67525/HTML/default/viewer.htm#etsug_sasehavr_gettingstarted01.htm) requires both SAS/ETS and Base SAS Software.

products-sas.svg

[RATS (Regression Analysis of Time Series) Econometric Software](https://estima.com) by Estima is a leading econometrics and time-series analysis software package. It provides ability to do linear and non-linear least squares, forecasting, SUR and ARIMA models and in addition, supports advanced techniques such as GMM, ARCH and GARCH models, state space models, and more.

products-rats.svg

RATS

Session 1: Bootcamp Part 1

Visualization with GGPlot2 and data analysis

Session 2: Bootcamp Part 2

Session 3: Univariate Models Part 1

Session 4: Univariate Models Part 2

Session 5: Vector Autoregressions

Session 6: Cointegration and error-correction models

A popular open source option for statistical computing and graphics that is available on many UNIX platforms, Windows and MacOS

Estimating, evaluating, and forecasting ARIMA models

Understanding the concept of non-stationarity and testing for unit roots

Estimating autoregressions, granger causality tests, and impulse response functions

Understanding the concept of cointegration and testing using the Enger-Granger test

Estimating and forecasting with vector error correction models

products-r.svg

Teaches econometrics and forecasting at the University of Colorado Denver. He has over 15 years of econometric experience in both the private and public sector.

Daniel L. Jerrett, Ph.D.

Abdel M. Zellou, Ph.D.

Bootcamp and Econometric Tools 1 & 2

Econometrics Training: Applied Time Series in R

Session 5: Multivariate Models Part 1

Session 6: Multivariate Models Part 2

Haver partners with SmartMacro Labs to offer a two week immersive online course introducing participants to the power of the Python programming language. This applied hands-on training develops statistical economics skills with a concentration on economics and finance.

Gain proficiency in building modern time-series models in Python through real-world applications. Designed for professionals in both the public and private sector, the course does not require prior experience, assuming only that participants have a basic understanding of regression and statistical concepts.

Proficiency working in Jupyter notebooks and the Python environment

products-python.svg

Remote Training: Applied Time Series in Python

Michael J. Moran

260416A.jpg

260416B.jpg

The industrial production index fell 0.5% in March, noticeably weaker than the expected increase of 0.1%. In addition, the March results were joined by slight net downward revisions in prior months (sharp upward revision in February offset by a larger downward adjustment in January and tweaks in earlier months). A good portion of the March softness was the result of a drop of 2.3% in utility output, which is not deeply concerning because changes in this sector typically are driven by weather conditions. However, mining activity also was soft (-1.2%), and manufacturing production dipped 0.1%.

Within manufacturing, auto production played a large role in the dip, registering a decline of 3.7%. However, the auto sector had plenty of company on the soft side, as furniture, textiles, apparel, and printing all posted declines of more than 1.0%. Given these drags, manufacturing output excluding autos rose only 0.1%. There was a nearly even split between expanding and contracting industries within manufacturing: 11 boosting production and 9 reducing activity.

The dip in manufacturing activity in March might seem inconsequential in light of solid advances in January and February (up 0.6% and 0.4%, respectively). However, the gains early in the year followed a weak fourth quarter, leaving an unimpressive trend.

Trends in industrial activity are often more apparent by focusing on the level of production indexes rather than month-to-month (or quarter-to-quarter) changes. As shown the chart below, the level of the manufacturing index stirred for a time in 2025, but it lost momentum in the closing months of the year. Changes so far in 2026 have not pushed the index above the September 2025 peak. The 6-month moving average of the manufacturing index is now running sideways.

The capacity utilization rate in manufacturing has naturally reflected movement in production. Utilization rose in 2025 as production strengthened, but it retraced most of the upward movement once momentum in production faded. The utilization rate in manufacturing stood at 75.2% in March, down slightly from the average of 75.4% in 2025.

Industrial production and capacity data are in Haver’s **USECON** database. Additional detail on production and capacity utilization can be found in the **IP** database. The expectations figures come from the **AS1REPNA** database.

260416C.jpg

260416D.jpg

- Downward noise in utility output; slow activity in manufacturing and mining.
- Flat underlying trend in recent months.

Industrial Production: Soft in March

Winnie Tapasanun

260416N12.jpg

260416O12.jpg

The current general activity diffusion index unexpectedly jumped to 26.7 in April from 18.1 in March and 16.3 in February, the latest Manufacturing Business Outlook Survey (MBOS) from the Federal Reserve Bank of Philadelphia showed, indicating continued expansion in manufacturing activity in the Third Federal Reserve District this month and at the highest level since January 2025. April was the fourth successive m/m increase and the fifth in six months, showing a sharp improvement from -12.9 in April 2025. A reading of 15.0 for April had been expected by the Action Economics Forecast Survey. In April, 32.6% of firms reported increases in current general activity (down from 39.2% in March), while 5.9% reported decreases (down from 21.1%); 61.5% reported no change (up from 34.6%). Survey responses were collected from April 6 to April 13.

Haver Analytics calculates an ISM-adjusted current activity diffusion index from five key components using the methodology along the lines of the national ISM index. The index eased to 54.5 in April after a 6.2-point rebound to 54.8 in March, indicating manufacturing activity expanded for the fourth time in five months; it was above a contraction-level 44.8 in April 2025.

In the latest survey, the new orders index surged to 33.0 in April from 8.6 in March, signaling new orders expanded for the fifth straight month and at the highest level since November 2021. The shipments index advanced to 34.0 this month from 22.2 in March, marking the fifth consecutive expansion and the highest level since May 2022. In contrast, the unfilled orders index dropped to -10.2 in April from -4.7 in March, extending its ninth straight contraction. The inventories index decreased to -1.9 this month from 1.4 in March, showing the third contraction in four months. Meanwhile, the delivery times index fell to a near‑neutral 1.7 in April from 18.9 in March (the highest reading since April 2022), suggesting a rapid easing of supply‑chain pressures rather than a demand‑driven slowdown.

On the labor front, the number of employees index slid to -5.1 in April from 0.8 in March, indicating employment contracted for the second time in three months and hit its lowest level since June 2025. In April, 10.1% of respondents reported increases in employment, while a higher 15.2% reported declines; 70.4% reported no change in employment levels. The average employee workweek index rose to 7.7 this month, the highest reading since January, from 2.8 in March.

Inflation indicators remained elevated in April. The prices paid index jumped to 59.3 this month, the highest level since August, after a 5.8-point rise to 44.7 in March. A higher 61.4% of respondents reported increases in input prices in April, while only 2.1% reported decreases. The prices received index rose to 33.5, an eight-month high, after a 4.5-point March increase to 21.2. In April, 33.5% of respondents reported increases in prices received, while 0.0% reported decreases.

The future indexes generally remained in positive territory, signaling continued overall growth over the next six months, although most future indicators declined. The future general activity diffusion index rebounded to 40.8 in April from 40.0 in March, staying positive since February 2024. The following future indexes fell in April (vs. March) but remained in positive territory: new orders (45.7 vs. 49.6), shipments (40.8 vs. 53.6), and employment (35.9 vs. 40.4). Future indexes for unfilled orders (-4.1 vs. 15.3) and inventories (-0.7 vs. 16.8) moved into contraction in April after expanding in March. Notably, the future capital expenditures index rose to 35.2 this month, the highest level since August, from 25.8 in March. Prices continued to increase, with the future prices paid index easing to a still‑high 50.2 in April from 53.7 in March and the future prices received index rising to a three-month-high 50.2 from 38.4.

The Manufacturing Business Outlook Survey (MBOS), conducted by the Federal Reserve Bank of Philadelphia, is a monthly survey of manufacturers in the Third Federal Reserve District. Participants indicate the direction of change in overall business activity and in the various measures of activity at their plants. The diffusion indexes in the MBOS represent the percentage of respondents indicating an increase minus the percentage indicating a decrease. The indexes range from -100 to +100 with positive values indicating an increase in activity. The series from the survey dating back to May 1968 can be found in Haver’s **SURVEYS** database. The expectations forecast figures are from the Action Economics Forecast Survey in **AS1REPNA**.

260416P12.jpg

260416Q12.jpg

- Current General Activity Index up 8.6 pts. to 26.7 in Apr.; fourth consecutive m/m rise.
- Positive: Shipments (34.0), highest since May ’22; New Orders (33.0), highest since Nov. ’21.
- Negative: Employment (-5.1), lowest since June ’25; Unfilled Orders (-10.2), ninth straight contraction.
- Inflation indicators at eight-month highs and well above long-run nonrecession avgs.
- Future General Activity Index up to 40.8; most subindexes down but still positive; future price indexes still above long-run avgs.

U.S. Philadelphia Fed Index Climbs in April to Highest Level Since Jan. ’25

Sandy Batten

260416A8.jpg

260416B8.jpg

Initial claims for unemployment insurance declined by 11,000 to 207,000 in the week ending April 11, from 218,000 in the week ending April 4, revised down slightly from 219,000. The four-week average edged up to 209,750 from 209,250. The Action Economics Forecast Survey looked for 215,000 new claims to have been filed.

The total number of unemployment insurance beneficiaries—also known as “continuing claims”—rose by 31,000 to 1.818 million in the week ending April 4, from 1.787 million in the week ending March 28 (revised down from 1.794 million). The four-week moving average declined to 1.813 million in the latest week from 1.821 million in the March 28 week. The insured unemployment rate remained at 1.2% in the week of April 4. It has remained at that level since the week of November 29, 2025.

The insured unemployment rate varied greatly across individual states and territories. In the week ending March 28, the highest unemployment rates were in Rhode Island (2.50%), Massachusetts (2.50%), New Jersey (2.49%), Washington (2.28%), and Minnesota (2.16%). The lowest rates were in Florida (0.31%), Louisiana (0.31%), Alabama (0.36%), North Carolina (0.39%), and Virgin Islands (0.39%). Rates in other notable states include California (2.06%), New York (1.91%), Illinois (1.88%), Michigan (1.75%), Pennsylvania (1.56%), and Texas (1.05%). These state data are not seasonally adjusted.

Data on weekly unemployment claims are from the Department of Labor itself, not the Bureau of Labor Statistics. They begin in 1967 and are contained in Haver’s **WEEKLY** database and summarized monthly in **USECON**. Data for individual states are in **REGIONW** back to December 1986.


260416C8.jpg

260416D8.jpg

- New claims fell by 11,000 to 207,000.
- Continuing claims jumped 31,000 to 1.818 million.
- The insured unemployment rate was unchanged at 1.2%.

U.S. Initial Unemployment Claims Fell in Most Recent Week

260415J2.jpg

260415K2.jpg

Import prices rose a less-than-expected 0.8% m/m (2.1% y/y) in March notwithstanding a 9.4% monthly jump in imported petroleum and petroleum products prices, according to the Bureau of Labor Statistics. The 1.3% m/m increase previously reported for February was revised down to a 0.9% monthly gain. The Action Economics Forecast Survey looked for a 2.4% m/m increase in March. Export prices rose more than did import prices but also less than expected. They were up 1.6% m/m (5.6% y/y) in March following an upwardly revised 1.9% monthly rise in February. The 5.6% annual gain was the largest since November 2022. The Action Economics Forecast Survey expected a 2.1% monthly increase. (**Note**: Import and export price indexes are not directly affected by tariffs because they measure the prices of goods before taxes. Tariffs are classified as taxes and therefore are excluded from these calculations. October 2025 data were unavailable due to the U.S. federal government shutdown.)

Apart from the jump in imported petroleum prices, increases in other import prices were rather moderate in March. Import prices for fuels and lubricants increased 2.9% m/m in March, following an advance of 2.4% in February. The March increase was the largest monthly gain since the index rose 3.0% m/m in January 2025. Higher prices for petroleum more than offset lower prices for natural gas. In March, prices for imported petroleum and petroleum products advanced 9.4% while natural gas import prices declined 71.0% m/m in March, after having risen 77.3% over the prior three months. Prices for nonfuel imports advanced 0.6% m/m in March, following a rise of 0.8% m/m in February. Higher prices for nonfuel industrial supplies and materials (1.6% m/m), capital goods (0.5% m/m), consumer goods excluding automotives (0.4%), and foods, feeds, and beverages (0.5%) drove the increase. Nonfuel import prices advanced 2.8% y/y, the largest annual advance since the index rose 2.9% y/y in October 2022.

The March increase in exports prices reflected monthly gains in both agricultural and nonagricultural export prices. The price index for agricultural exports increased 0.9% m/m in March, following a 0.9% monthly rise in February. Higher prices for soybeans, fruit, and meat drove the advance in agricultural export prices in March. Export prices for nonagricultural commodities increased 1.7% m/m in March, after rising 2.1% in February. Higher prices for nonagricultural industrial supplies and materials (+4.3% m/m, reflecting an 18.4% monthly jump in prices of petroleum and petroleum products) more than offset lower prices for capital goods (-0.2% m/m) and for consumer goods excluding automotives (-0.2% m/m). 

These import and export price series are not seasonally adjusted; they can be found in Haver’s **USECON** database. Detailed figures are available in the **USINT** database. The expectations figure from the Action Economics Forecast Survey is in the **AS1REPNA** database.

260415L2.jpg

260415M2.jpg

- Despite a 9.4% m/m jump in imported petroleum prices, import prices rose a less-than-expected 0.8% in March with a small downward revision to February.
- Export prices increased more than did import prices, rising 1.6% m/m in March, but this was also less than expected.

U.S. Import and Export Prices Increase Less than Expected in March

260415A9.jpg

260415B9.jpg

Mortgage applications rebounded 1.8% w/w (5.0% y/y) in the week ending April 10 following a 0.8% decline in the week ending April 3, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey. The latest reading was the first w/w increase in five weeks, lifting the index to 281.0, its highest level since the March 20 week. Applications for loans to purchase a house fell 1.0% (-2.9% y/y) in the April 10 week, the third w/w fall in four weeks, after a 1.1% gain in the previous week. Applications for loan refinancing rose 5.1% (14.8% y/y) in the April 10 week, the first w/w rise since the March 6 week, reversing a 2.8% drop in the April 3 week.

The effective interest rate on a 30-year fixed-rate loan fell 8bps to 6.60% in the week ending April 10, the lowest since the March 13 week, from 6.68% in the week ending April 3; it was above a low of 6.29% in the week of September 20, 2024 but below a peak of 8.12% in the week of October 20, 2023. The rate on 15-year fixed-rate mortgages declined 5bps to a three-week-low 6.04% in the April 10 week from 6.09% in the previous week; it was up from a low of 5.60% in the week of September 20, 2024 but down from a high of 7.44% in the week of October 27, 2023. The rate on 30-year jumbo loans eased 4bps to 6.61% in the April 10 week, the lowest since the March 20 week, from 6.65% in the prior week; it was above a low of 6.57% in the week of September 13, 2024 but below a high of 7.99% in the week of October 27, 2023. The rate on a 5-year ARM fell 5bps to 5.80% in the April 10 week, the lowest since the March 6 week, from 5.85% in the previous week; it was above its most recent low of 5.38% in the February 20 week but below a high of 7.31% in the week of October 27, 2023.

The share of applications for refinancing an existing loan rebounded to 45.5% of total applications in the week ending April 10, the first w/w increase since the February 27 week, from 44.3% in the week ending April 3; those numbers remained below a peak of 61.9% in the January 16 week. The adjustable-rate mortgage (ARM) share of activity slipped to 8.4% in the April 10 week from 8.6% in the prior week; it was below a peak of 12.9% in the week of September 12, 2025 but above a low of 4.7% in the week of January 3, 2025.

The average size of a mortgage loan climbed 1.3% w/w (-4.8% y/y) to $395,000 in the April 10 week, the highest level since the March 13 week, after a 0.2% increase to $390,100 in the April 3 week. The average size of a purchase loan recovered 1.8% (2.4% y/y) to $456,100 in the April 10 week after a 0.3% decline to $448,100 in the prior week, marking the first w/w rise in four weeks and the highest level since the week of March 7, 2025. The average size of a loan to refinance a mortgage rose 1.5% (-13.6% y/y) to $321,800 in the April 10 week, the highest level in three weeks, following a 0.1% uptick to $317,000 in the previous week.

The Mortgage Bankers Association Survey covers 75% of all U.S. retail residential mortgage applications and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. The base period and value for all indexes is March 16, 1990=100. The figures for weekly mortgage applications and interest rates are available in Haver’s **SURVEYS** database.

- Purchase applications -1.0% w/w, third decline in four weeks; refinancing loan applications +5.1% w/w, first rise since the March 6 week.
- Effective interest rate on 30-year fixed loans down 8bps to 6.60%, a four-week low.
- Average loan size up to the highest level since the March 13 week.

U.S. Mortgage Applications Up 1.8% in the April 10 Week, First Gain in Five Weeks

Our global data offering is unparalleled in terms of coverage, quality, and organization. We offer 290+ databases from 2500 government and private sources, a wealth of key survey and forecast data covering the world’s economies, and a robust offering of archive databases that drive machine learning for big data applications.

Optimized for precision analytics, our data is seamlessly integrated with Microsoft Office and all leading statistical packages through our DLX® software and platform independent HaverView™ website. We further offer direct database feeds, client server or cloud-based delivery, and RESTful API.


Latest Releases

Economy in Brief

Industrial Production: Soft in March

U.S. Philadelphia Fed Index Climbs in April to Highest Level Since Jan. ’25

U.S. Initial Unemployment Claims Fell in Most Recent Week

U.S. Import and Export Prices Increase Less than Expected in March

U.S. Mortgage Applications Up 1.8% in the April 10 Week, First Gain in Five Weeks