Succinct Summation of Week’s Events 11.6.15

Succinct Summations for the week ending November 6th, 2015


1. Nonfarm payrolls came in at 271k, well ahead of the 190k expected.
2. Unemployment came in at 5%, down from 5.1% previously.
3. PMI Manufacturing Index rose from 53.1 to 54.1, which was in line with expectations.
4. Construction spending rose 0.6% m/o/m and 14.1% y/o/y, both were above expectations.
5. ADP employment came in at 182k, slightly below expectations but still a fine reading.
6. ISM Non-Manufacturing Index came in at 59.1, above the 56.7 expected and up from 56/9 previously.
7. Average hourly earnings rose 0.4%, above the 0.2% expected rise.
8. Consumer Credit outstanding surged to $28.9 billion, the largest gain ever.
9. The S&P 500 increased for the sixth straight week.


1. ISM Manufacturing Index came in at 50.1, in line with expectations.
2. The MBA mortgage applications composite fell 0.8% w/o/w.
3. Initial jobless claims came in at 276k, the 4-week moving average has ticked up slightly to 262.75k.


Thanks, Mike!

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