U.S. Construction Spending Rose 0.4% In November
U.S. construction spending rose 0.4% November vs. 0.1% consensus and 0.7% rise in October. On year level we are at -6.0%.
Improvement, but construction spending overall stil quite weak.
Archive for the ‘U.S. Economic Data’ Category
December ISM Manufacturing Index At 57.0
ISM Manufacturing Index was reported at 57.0 vs. prior reading of 56.6 and consensus of 57.0.
Unchanged level of the ISM Manufacturing Index suggest industrial production in the U.S. will grow at current level of 5.5% y-o-y.
Pending Home Sales Index Rose 3.5% In November
Pending home sales index rose 3.5% In November vs. revised rise of 10.1% in October. On year level, the index is down 4.9%.
Generally rising pending home sales are positive for the economy, but currently and until excess unsold housing inventory is cleared rising pending home sales index mean more foreclosed homes are being sold at depressed prices which is a sign of additional pressure on home prices.
Chicago Purchasing Managers Index For December At 68.6
Chicago Purchasing Managers Index was reported at 68.6. The consensus was at 61.0, prior reading at 62.5.
Regional manufacturing surveys signal significant improvement in industrial production in December.
U.S. Initial Jobless Claims At 388.000; Down 33.000
Initial jobless claims in the U.S. were reported right at 388.000 vs. 415.000 consensus; last week revised (up 2.000) reading was at 422.000.
First reading bellow 400.000 since July 2008; The part of the reduction probably comes from seasonal effects (it is hard to seasonally adjust the data accurately on holiday weeks), so we have to wait for a confirmation of a positive trend after holidays pass.
Conference Board Consumer Confidence For December At 52.5
Conference Board consumer confidence came out at 52.5 vs. 56.3 consensus and 54.3 revised reading for November.
S&P/Case-Shiller Home Price Indexes Fell In October
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.9% In October; On year level 10 city index is up 0.2%.
December University of Michigan Consumer Sentiment Second Reading At 74.5
December University of Michigan Consumer Sentiment second reading was reported at 74.5 vs. 75.0 consensus, 74.2 prior reading and 71.6 November reading.
U.S. New Home Sales At 290.000 In November
U.S. new home sales in November were reported at 290.000 SAAR vs. consensus of 300.000 SAAR and prior reading of 275.000 SAAR (revised from 283.000).
U.S. Personal Income Rose 0.3%; U.S. Consumer Spending Rose 0.4%
U.S. personal income rose 0.3% in November vs. 0.2% consensus and 0.4% rise in November. On y-o-y level the personal income is up 3.8%.
U.S. consumer spending rose 0.4% in November vs. 0.5% consensus and 0.7% October reading (revised from 0.4%). On y-o-y level the consumer spending is up 3.8%.
U.S. Initial Jobless Claims At 420.000; Down 3.000
Initial jobless claims in the U.S. were reported right at the consensus of 420.000; last week revised (up 3.000) reading was at 423.000.
U.S. Durable Goods New Orders Fell 1.3% In November
Durable goods new orders fell 1.3% in November vs. -0.5% consensus and -3.1% revised increase in October (revised upwards from -3.3%).
U.S. Existing Homes Sales Rose 5.6% In November
Sales of existing homes in U.S. rose 5.6% to 4.68 million units SAAR. Consensus was at 4.75 million.
U.S. GDP Growth in Q3 2010 Revised to 2.6%
U.S. GDP growth for Q3 was revised from 2.5% to 2.6%; consensus was at 2.8%. Q2 reading was at +1.7%.
MBA Mortgage Applications Down 18.6%
MBA mortgage applications fell 18.6% on back of falling refinancing due increased mortgage rates; Prior reading was a decrease of 2.3%; On year level MBA Basic Index is down 18.6%.