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:

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:

• Panama Canal Expansion Spurs Infrastructure Spending For U.S. East Coast
• The American Oil Boom Continues To Surge

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

• Factory Orders – Last up 1.9% Y/Y.
• Gasoline Prices – Last at $3.37 per gallon.

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

• Gross Domestic Product – Last at SAAR of +2.48%.
• SNAP (food stamps) Participation – Last SNAP-to-Employed at 33%.
• Consumer Credit – Last up 5.9% Y/Y.
• Weekly Initial Jobless Claims
• Weekly Money Supply

Friday, November 8, 2013

• Employment Situation – Last U-3 at 7.2%, NFP at +148k.
• Personal Income and Outlays – Last Real DPI up 1.6% Y/Y, Real PCE up 2.0% Y/Y.
• Consumer Sentiment – Last at 73.2.