Saturday, 31 October 2015

Weekly Indicators: weak but steady edition

In the rear view mirror, Q3 GDP came in at +1.6%. Excluding inventory reductions, it was over +3%! The Employment Cost Index rose +0.6%.
 
Monthly data for September included positive real personal income and spending, positive Chicago PMI, but declines in consumer sentiment and durable goods orders. New home sales fell off a cliff - but this very volatile and heavily revised series should always be taken with a grain of salt.
 


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