This post first appeared on FloatingPath

Recap of this week’s U.S. economic events:

  1. Minutes released from the FOMC’s meeting on October 29-30 suggest taper is being considered in the coming months.
  2. The Consumer Price Index decreased 0.1% in October.
  3. The Producer Price Index decreased 0.2% in October.
  4. The Employment Cost Index release showed that benefits expenses continue increase at a faster pace than wages.
  5. Manufacturers’ shipments and trade sales increased 0.2% In September.
  6. Retail sales increased 0.4% in October.
  7. Existing home sales decreased to a SAAR of 5.12 million in October.
  8. The Philly Fed’s Manufacturing Survey took a sharp plummet to +6.5 in November.
  9. The Kansas City Fed’s Manufacturing Survey increased slightly to a reading of +7 in November.
  10. The unemployment rate decreased in 28 U.S. states in October.
  11. Initial jobless claims for the week were a seasonally adjusted 323k.
  12. The weekly NFCI showed financial conditions slightly loosening to -0.92.
  13. Weekly intermodal rail traffic was up 7.0% year over year.
  14. M2 decreased 0.23% week over week.
  15. Weekly store sales picked up a little steam heading into Black Friday.

The economic indicators tracked in the U.S. Economic Radar have been separated into their Absolute Strength and the Direction they are moving in. The data points are colored by how many standard deviations they are better than or worse than their historical average, with bright green being good and bright red being bad. This template will be further built on going forward, and tinkered with where necessary to best convey a true sense of the nation’s economic status.

Included at the bottom is an economic schedule for the week ahead, along with what the trend has been for each of those indicators.

Click image for PDF

Floating Path Economic Radar 600x55 U.S. Economic Radar   November 22, 2013

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