ISM Manufacturing Index Rolls-over
ISM Manufacturing Index came out at 56.2 vs. prior reading of 59.7 and consensus of 59.0. Another index rolling-over. Chart 1. ISM Manufacturing Index
Global Macro Perspectives
ISM Manufacturing Index came out at 56.2 vs. prior reading of 59.7 and consensus of 59.0. Another index rolling-over. Chart 1. ISM Manufacturing Index
Initial jobless claims were reported at 472.000. The consensus was at 455.000, last week revised reading was at 459.000. Ugly again… Chart 1. U.S. Initial Jobless Claims
ADP Employment rose 13,000 in June vs. revised rise of 57,000 in May. Nonfarm payrolls on Friday will be negative, probably missing a -111.000 consensus. Chart 1. ADP Employment
Conference Board consumer confidence came out at 52.9 vs. 62.5 consensus and 63.3 reading for May. Ugly looking number. Chart 1. Conference Board Consumer Confidence
Could not post this yesterday, because of problems at my hosting service caused disruption in Tainted Alpha Blog avilability. My apologies for that. Chicago Fed national activity index is one of the indicators that correctly predicted this ongoing recession. For May it was reported at 0.21, given its positive reading it is not pointing to a double-dip (jet). The next month […]
U.S. personal income rose 0.4% MoM in May vs. 0.5% consensus and revised 0.5% April reading. On YoY level the personal income is up 1.6%. U.S. consumer spending remained rose 0.2% in May vs. 0.1% consensus and 0.o% prior reading. On YoY level the consumer spending is up 4.3%. Chart 1. Personal Income Chart 2. Consumer […]
Consumer sentiment final reading for June came out at 76.0 vs. 75.5 consensus and same prior estimate. May reading was at 73.6. Chart 1. University of Michigan/Reuters Consumer Sentiment
U.S. GDP growth in Q1 2010 was revised from 3.0% to 2.7%. The consensus was at 3.0%, Q4 reading was at 5.6%. Chart 1. U.S. Real GDP & Percent Change
Durable good orders fell 1.1% in May vs. -0.5% consensus and 2.9% increase in April. Transportation taken out the figure was an increase of 0.9% vs. 1.0% fall in April. Chart 1. U.S. Durable Goods Orders Chart 2. U.S. Durable Goods Orders Ex. Transportation
Initial jobless claims were reported at 457.000. The consensus was at 465.000, last week revised reading was at 476.000. Some relief to the job market, but level still consistent with job losses. Chart 1. U.S. Initial Jobless Claims
Moody’s/Real National Commercial Property Index rose 1.7% in April and it is now running at -16.4% YoY. Chart 1. Moody’s/Real National Commercial Property Index
Initial jobless claims were reported at 472.000. The consensus was at 450.000, last week revised reading was at 456.000. If we combine this with recent bleak readings for leading unemployment indicators, it looks real bad. Chart 1. U.S. Initial Jobless Claims
U.S. consumer price index fell 0.2 percent in May, right at the consensus. April reading was at -0.1%. Consumer price index fell less food & energy came out at consensus of 0.1%. Prior reading was no change for April. Again, no inflation in sight. Chart 1. Consumer Price Index
U.S. industrial production rose 1.2% in May. The consensus was at 0.9%, April reading at 0.8%. Capacity utilization rose from 73.7% in April to 74.7%; the consensus was at 74.5%. Main contributors to growth were automakers and utilities. Chart 1. U.S. Industrial Production and Capacity Utilization
U.S. producer price index fell 0.3% in May vs. -0.5% consensus and 0.1% fall in April. Food & energy taken out U.S. producer price index rose 0.2% in May. The consensus was at 0.1%, prior reading at 0.2%. Chart 1. U.S. Producer Price Indexes