Succinct Summations for the week ending December 4th, 2015
- Nonfarm payrolls came in at 211k, above the 190k expected; all systems are ready for liftoff.
- PMI manufacturing index came in at 52.8, in line with expectations.
- Construction spending rose 1%, above the 0.6% expected rise.
- Unemployment came in at 5%, in line with expectations.
- Factory orders rose 1.5%, up from the 1% decline previously.
- MBA mortgage applications purchase index rose 8% w/o/w and 30% y/o/y.
- ADP employment report came in at 217k vs the 183k expected.
- Average hourly earnings rose 0.2%, in line with expectations.
- Initial jobless claims came in at 269k, lowering the 4-week moving avg to 269.25k.
- PMI services index came in at 56.1, up from 54.8 previously.
- ISM manufacturing index falls to 48.6, the lowest reading since June 2009.
- Chicago PMI came in at 48.7, down from 56.2 previously and below expectations.
- Pending home sales grew just 0.2%, below the 1% expected increase.
- ISM no-manufacturing index fell to 55.9 from 59.1 and below the 58.2 expected.