Succinct Summation of Week’s Events 2.5.16

February 5, 2016 4:00pm by

Succinct Summations for the week ending February 5th, 2016

Positives:

  1.  ADP employment report came in at 205k, above the 190k expected. Last month’s report was revised to 267k, up from 257k.
  2. Unemployment fell to 4.9%, down from 5% previously.
  3. PMI Manufacturing Index came in at 52.4, up from 51.2 previously; PMI Services Index came in at 53.2, (a decent but slightly below expectations number).
  4. Bloomberg consumer comfort came in at 44.2, down slightly from the previous reading but still a solid reading.

Negatives:

  1. Stocks had a rough week, with the S&P 500 falling 3.3%.
  2. Nonfarm payrolls fell to 151k, below the 188k expected. The previous reading was revised down 30k
  3. Factory orders fell 2.9% m/o/m.
  4. ISM manufacturing index came in at 48.2, fourth straight reading below 50 for the first time since 2009.
  5. Initial jobless claims came in at 285k and the 4-week moving average is now up to 284.75k.
  6. MBA mortgage composite index fell 2.6% w/o/w.
  7. ISM Non-manufacturing came in at 53.5, below the 55.5 expected and down from 55.3 previously.

 

Thanks, Mike!

 

 

 

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under