U.S. Economic Radar: FOMC, ADP, PMI [CHARTS]

This post first appeared on FloatingPath

A recap of this busy week’s U.S. economic events:

U.S. Economic Radar: FOMC, ADP, PMI [CHARTS]

  1. As expected, the FOMC decided to “await more evidence” before tapering their asset purchases.
  2. The Consumer Price Index was up only 1.2% year over year in September.
  3. The Producer Price Index was up only 0.3% year over year in September.
  4. ADP saw only 130k new private payrolls in October.
  5. The rolling 12 month U.S. government budget deficit through September is $680.2 billion.
  6. ISM Manufacturing PMI expanded further to 56.4 in October.
  7. The Chicago PMI exploded higher to 65.9 in October.
  8. Dallas Fed manufacturing decreased but remained in expansion at +3.6 in October.
  9. Consumer confidence absolutely plummeted in October to 71.2.
  10. Industrial production increased 0.6% in September.
  11. Retail sales decreased 0.1% in September.
  12. Now Tracking: Intuit U.S. Small Business Index.
  13. Manufacturers’ inventories and sales both increased in August.
  14. The NFCI suggested that financial conditions loosened slightly last week.
  15. Initial jobless claims for the week declined to 340k. The insured unemployment rate was unchanged at 2.2%.
  16. M2 increased 0.51% week over week.
  17. Halloween purchases kept store sales for the week afloat.

Further U.S. economy reading:

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The U.S. Economic Radar graphic is under construction this week. It will be back next week.

U.S. economic schedule for the week ahead:

Monday, November 4, 2013

Tuesday, November 5, 2013

  • ISM Non-Manufacturing Survey – Last at 54.4.
  • Weekly Store Sales

Wednesday, November 6, 2013

  • Weekly National Financial Conditions Index

Thursday, November 7, 2013

Friday, November 8, 2013