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U.S. Economic Radar: Trade Deficit, Housing, NFCI, M2

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This post first appeared on Floating Path

The U.S. federal government should be back up and running 100% now (or however close the government ever gets to 100%). Some of the economic releases missed during the shutdown were cancelled, but most of them have just been postponed. Next week we will start to see the economic data being published at a more typical frequency.

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

  1. The monthly international trade deficit was $38.8 billion in August.
  2. New orders for durable goods were up 3.7% in September.
  3. Construction spending increased 0.6% in August.
  4. FHFA house prices increased 0.3% in August.
  5. Consumer sentiment sunk to 73.2 in October.
  6. The Kansas City Fed Manufacturing Survey moved further into expansion at a +6 reading in October.
  7. The Richmond Fed Manufacturing Survey moved into expansion with a +1 reading in October.
  8. Initial jobless claims for the week declined to 350k. The insured unemployment rate was unchanged at 2.2%.
  9. The NFCI was unchanged for the week at -0.83.
  10. Store sales for the week began to stabilize in the aftermath of the government shutdown.
  11. M2 increased 0.26% week over week.

All U.S. leading economic indicators, where they currently stand, what their trend has been, and how their current status relates to the historical movement in that indicator.

Economic Radar

U.S. economic schedule for the week ahead:

Monday, October 28, 2013

  • Industrial Production – Last up 2.5% Y/Y.
  • Dallas Fed Manufacturing Survey – Last at +12.8.

Tuesday, October 29, 2013

Wednesday, October 30, 2013

  • FOMC Meeting Policy Statement
  • ADP Employment – Last +166k payrolls.
  • Consumer Price Index – Last up 1.5% Y/Y.
  • Weekly National Financial Conditions Index

Thursday, October 31, 2013

  • Chicago PMI – Last at 55.7.
  • Weekly Initial Jobless Claims
  • Weekly Money Supply

Friday, November 1, 2013



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