Succinct Summations of Week's Events 10.02.15

October 2, 2015 4:00pm by

Succinct Summations for the week ending October 2nd, 2015

Positives:

  1. Motor vehicle sales came in at 18.2mm, well above the 17.6mm expected.
  2. Consumer spending rose 0.4%, in line with forecasts.
  3. Core inflation rose 0.1%, in line with expectations.
  4. Case-Shiller home prices rose 5% y/o/y, slightly above the 4/9% expected rise.
  5. ADP employment came in at 200k, above the 186k expected.
  6. Markit PMI came in at 53.1, up from 53 previously.

Negatives:

  1. Nonfarm payrolls came in at 142k, well below the 200k expected.
  2. Pending home sales decreased 1.4%, down from 0.5% previously.
  3. Chicago PMI came in at 48.7, below the 54.5 expected.
  4. Weekly jobless claims came in at 277k, slightly above the 271k expected.
  5. ISM manufacturing came in at 50.2, down from 51.1 and slightly below expectations.
  6. Personal income rose 0.3%, below the 0.4% expected and down from 0.5% previously.
  7. Average hourly earnings were flat, versus a 0.1% expected rise.
  8. Factory orders fell 1.7%, down from 0.2% previously and below expectations.

 

Thanks, Mike!

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