Succinct Summation of Weeks Events for 2.3.17

Succinct Summations for the week ending February 3, 2017.


1.Nonfarm payrolls came in at 227k the highest number since September and well above the 175k expected.
2. Labor force participation rates rose 0.2% as 76,000 people re-entered the work force
3. Consumer spending rose 0.5% in December.
4. Pending home sales rose 1.6%, well above the 0.6% expected increase;Spending on single-family homes rose 0.5% in December.
5. Consumer confidence remains strong at 111.8.
6. PMI manufacturing index rose from 54.3 previously to 55.
7. Case-Shiller’s home price index rose 0.9% in November, the best monthly gain since 2015.
8.ISM manufacturing rose from 54.7 to 56, the highest level since November 2014


1. Average hourly earnings rose just 0.1% and December’s 0.4% increase was revised down to 0.2%.
2. Unemployment ticked up to 4.8%
3.Personal income rose just 0.3% m/o/m, below the 0.4% expected increase.
4. Core PCE rose just 0.1% in December and is up 1.7% y/o/y.
5. The MBA mortgage applications composite fell 3.2% w/op/w, purchases fell 6%.
6. Construction spending fell 0.2% in December.

Thanks Mike!

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