This post first appeared on FloatingPath
Recap of this week’s U.S. economic events:
- Real GDP growth in the third quarter was revised up to 3.61%.
- The U.S. Employment Situation for November 2013. Overall positive report but some signs of weakness.
- ADP saw private payroll gains of 215k in November.
- The December Beige Book indicated “modest to moderate” growth with stronger manufacturing.
- The monthly international trade deficit decreased to $40.6 billion in October.
- Real disposable personal income declined 0.2% in October.
- Factory orders decreased 0.9% in October.
- The ISM manufacturing PMI increased to 57.3 in November.
- The ISM non-manufacturing NMI declined to 53.9 in November.
- Consumer credit increased at a SAAR of 7.1% in October.
- New home sales in October improved to a SAAR of 444k.
- Construction spending increased 0.8% in October.
- Light vehicle sales increased to a SAAR of 16.41 million in November.
- SNAP participation decreased a sharp 0.75% in September.
- Consumer sentiment jumped up to 82.5 in December.
- The Restaurant Performance Index increased to 100.9 in November.
- The Intuit Small Business Employment Index increased 0.06% in November.
- Initial jobless claims for the week fell to 298k.
- Weekly intermodal rail traffic bounced down to -13.9% Y/Y due to Thanksgiving being a week earlier last year.
- The weekly National Financial Conditions Index tightened to -0.93.
- M2 increased 0.14% from the week prior.
- Weekly store sales reports suggest that Black Friday sales were strong.
Tags: ADP Employment Beige Book Construction Spending Consumer Credit Consumer Sentiment employment Employment Situation Report Factory Orders Gross domestic product Institute for Supply Management international trade ISM Manufacturing ISM Non Manufacturing Index Jobless claims Manufacturing New Home Sales Store Sales Supplemental Nutrition Assistance Program traffic United States