– by New Deal democrat As I indicated yesterday and earlier today, we got some stale data on factory orders this morning, as well as a JOLTS report for November. I’ll take a look at those tomorrow. In the meantime, the big news of the morning has to be the very good ISM services report for […]
– by New Deal democrat I will write about the biggest economic release of the day, the ISM services report for December, later. In the meantime, here are two other important data releases for December, one from a private source (ADP), and the other from the BEA’s GDP updates. As an initial matter, I don’t […]
– New Deal democrat We are still suffering the aftereffects of the government shutdown, with no data today, but a helping of mainly stale government data tomorrow and Friday. Tomorrow we get up to date private data from the ISM for services, and from ADP for private employment, along with manufacturers’ orders for October. On Friday […]
– by New Deal democrat We are still suffering the data aftereffects of the government shutdown. Normally we begin each month with reports on both construction spending as well as manufacturing. But the construction report even now has only been updated through August, and won’t be updated for September and October until January 21. And […]
– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. As 2025 ended, all of the important trends seemed to intensify. The US$ is down 10% YoY by one measure, commodities are higher by the same or more, oil prices continued to fade, and the recent waning in the YoY growth of withholding […]
– by New Deal democrat There is no new noteworthy data today; and the ISM manufacturing index, normally released on the first workday of each month, won’t be released until Monday, so today is an ideal time to check in on the state of the economy in general, and of housing in particular, at the […]
[Note: Yesterday was a travel day, and I didn’t get around to posting the regional Fed services survey averages for December. I’ll try to get to that later today.] The last weekly jobless report continues the trend of an improved picture – as in, very few people are getting laid off – that has typified […]
– by New Deal democrat Although the federal government shutdown has been over for a month and a half, most of the data that has been released has lagged badly, especially including data on sales, spending, and business orders. That means that the most current measures of these are the ISM manufacturing and non-manufacturing reports, due […]
– by New Deal democrat My ”Weekly Indicators” post is up at Seeking Alpha. The year ended with a magnification of several trends that have been a theme all year: the US $ is down almost 10%, largely responsible for a nearly 15% rise in commodity prices, while consumer spending ended with a bang as well. “Commerce […]
– by New Deal democrat In Q3, personal spending rose 1.6%, or 6.4% annualized, while personal incomes only rose 0.8%, or 3.3% annualized. A little more precisely, personal spending rose 0.75% more than personal incomes. Just how much more did spending rise than the income to fuel it compared on a historical basis? In the past […]