U.S. Factory Orders Fell 0.9% In October
U.S. factory orders fell 0.9% in October. The consensus was at -0.8%, prior reading was at 2.1%.
Factory shipments rose 0.3%, September reading was at 0.3%.
Archive for the ‘U.S. Economic Data’ Category
November Nonfarm Payrolls Rose 39.000; Unemployment Rate At 9.8%
Nonfarm payrolls rose 39.000 in November. The consensus was at 150.000, October reading was an increase of 172.000 (revised +21.000). The unemployment was reported at 9.8% vs. prior reading of 9.6% and consensus of 9.6%.
Private payrolls were up 50.000 vs. 160.000 consensus and 160.000 reading in October (revised +1.000).
Average weekly hours worked for private employees stayed unchanged at 34.3.
Huge NEGATIVE surprise.
U.S. Initial Jobless Claims At 436.000; Up 26.000
nitial jobless claims in the U.S. were reported at 436.000. The consensus was at 424.000, last week revised (up 3.000) reading was at 410.000.
Improving, but slower than markets expects.
U.S. Construction Spending Rose 0.7% In October
U.S. construction spending rose 0.7% October vs. -0.4% consensus and revised (down -0.2%) 0.7% rise in September. On year level we are at -9.3%.
Revisions are so big that one can’t rely on this data. This is useless.
November ISM Manufacturing Index At 56.6
ISM Manufacturing Index was reported at 56.9 vs. prior reading of 56.9 and consensus of 56.5.
Kind of disappointment having in mind (mostly) healthy bounces in regional manufacturing surveys.
MBA Mortgage Applications Down 16.5%
MBA mortgage applications fell 16.5% on the back of declining refinancing; Prior reading was an increase of 2.1%; On year level MBA Basic Index is down 0.8%…
ADP Employment Rose 93.000 In November
ADP Employment rose 93.000 in November vs. revised (up 12,000) gain of 70,000 in October. Consensus was at +70,000. Nonfarm payrolls on Friday (rule of thumb) could be close to or maybe little short of a 168.000 consensus.
Challenger Job-Cuts For November At 48,711
Challenger’s count of layoff announcements was reported at 48,711 in November vs. 37,986 in October.
For the time being I expect positive employment report on Friday. Concerning Challenger Job-Cuts: a slightly negative surprise.
November Chicago Purchasing Managers Index At 62.5
Chicago Purchasing Managers Index was reported at 62.5. The consensus was at 61.0, prior reading at 60.6.
Regional manufacturing surveys signal improvements in November. Using rule of thumb I would say that industrial production in November will be slightly positive.
ATA For-Hire Truck Tonnage Index Rose 0.8% In October
The American Trucking Associations seasonally adjusted For-Hire Truck Tonnage Index rose 0.8% in October vs. 1.9% rise in September.
November University of Michigan Consumer Sentiment Final Reading At 71.6
University of Michigan Consumer Sentiment November final reading was reported at 71.6 vs. 69.7 consensus and 69.3 prior November reading.
U.S. Personal Income Rose 0.5%; U.S. Consumer Spending Rose 0.4%
U.S. personal income rose 0.5% in October vs. 0.4% consensus and unchanged in September. On y-o-y level the personal income is up 3.7%.
U.S. Durable Goods Orders Fell 3.3% In October
Durable good orders fell 3.3% in October vs. 0.1% consensus and 5.0% increase in September (revised upwards from 3.3%)…
U.S. Initial Jobless Claims At 407.000; Down 34.000
Initial jobless claims in the U.S. were reported at 407.000. The consensus was at 435.000, last week revised (down 3.000) reading was at 441.000.
The most positive data point today.
November Richmond FED Manufacturing Survey At 9
Richmond FED Manufacturing Survey came out today at 9. Prior reading at 5.
It will be interesting to see ISM…regional manufacturing surveys contradictory.