Tag Archives: ISM

June ISM Manufacturing, May Pending Home Sales, Construction Spending

U.S. Manufacturing Logs Another Strong Month, Europe Not So Much The ISM Manufacturing Index for June ticked down to a still-strong 55.3 percent. The Pending Home Sales Index for May increased by 6.1 percent. May Construction Spending increased by 0.1 … Continue reading

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May ADP Employment, ISM Surveys, Auto Sales, April International Trade

Mixed Bag of Data Mostly Positive, Consistent With Ongoing Moderate Expansion The ADP Employment Report for May showed a moderate increase of 179,000 private-sector jobs. The ISM Manufacturing Index for May improved to 55.4 percent, indicative of healthy conditions. The … Continue reading

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Yellen Testimony, Q1 Productivity, April ISM-NMF, March Trade

No Surprises from Yellen Testimony, Eyes on Housing  FOMC Chairwoman Janet Yellen delivered reassuring testimony before the Joint Economic Committee. U.S. Nonfarm Productivity declined at a 1.7 percent annual rate in the first quarter of 2014. Unit Labor Costs increased … Continue reading

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Comerica Economic Weekly

True to form, March came in like a lion and went out like a lamb, at least in terms of economic data. Now we get to see whether or not April is in fact the cruelest month. So far, it … Continue reading

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January Income and Spending, Construction Spending, Feb. ISM MF

Government Programs Support Income. Heating Bills Support Spending. U.S. Personal Income increased by 0.3 percent in January, driven by special factors. After accounting for inflation and taxes, Real Disposable Personal Income also gained 0.3 percent. Real Personal Consumption Expenditures were … Continue reading

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Nov. ADP Employment, ISM Indexes, Auto Sales, New Home Sales, Oct. Trade

Better Economic Data for Fed to Contemplate The ADP Employment Report for November showed an increase of 215,000 private sector jobs. The November ISM Manufacturing Survey PMI improved to a solid 57.3 percent. The November ISM Non-Manufacturing Survey’s Purchasing Managers’ … Continue reading

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October ISM Manufacturing, Government Shutdown

Washington Doubles Down on Uncertainty, Potential Drag for Private Sector   The ISM Manufacturing Index for September increased to 56.2 percent, above expectations. Economic data will be limited by the federal government shutdown. Clinton era shutdown of 28 days dragged GDP … Continue reading

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Comerica Economic Weekly

Quirky August labor data should not prevent the Federal Open Market Committee from voting to dial down QE3 on September 18. Fed officials remain noncommittal, so a September 18th announcement of the beginning of the end of QE3 is still … Continue reading

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July Intl. Trade and Construction Spending, August ISM Manufacturing

Trade Gap Widens at the Start of Q3  The U.S. International Trade Gap widened in July to -$39.1 billion after narrowing significantly in June. Construction Spending increased by 0.6 percent in July, with gains in private nonresidential. The August ISM … Continue reading

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June International Trade, JOLTS, July ISM Non-manufacturing

Trade Gap Stunner Says Q2 GDP to be Revised Up The U.S. International Trade Gap narrowed significantly in June to -$34.2 billion. Better-than-expected trade data for the end of Q2 implies a sizeable upward revision to Q2 GDP. The Jobs … Continue reading

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