This week mostly saw confirmation of the previous weeks trends in terms of economic data released. The majority of statistics released confirmed stagnant to recessionary pressure on the U.S. economy. European debt management issues and a Chinese manufacturing slowdown also weighed on markets. A couple of good reports indicated some positive business growth, specifically the Chicago Business Barometer and the Kansas City Federal Reserve Banks' Composite Manufacturing Survey.
Even though the University of Michigan Consumer Sentiment rose 3.7 percent according to MarketWatch, the Conference Board Consumer Confidence Survey only rose .2 percent, a significant variation. Additionally, manufacturing decreased in multiple regions despite improving in some parts of the Midwest. Manufacturing represents a shrinking to stagnant aspect of the U.S. labor force per William Strauss of the Chicago Federal Reserve Bank. Unemployment numbers were cited as being a-typical, unseasonal and statistically inaccurate by MarketWatch and Zero Hedge.
Even though the University of Michigan Consumer Sentiment rose 3.7 percent according to MarketWatch, the Conference Board Consumer Confidence Survey only rose .2 percent, a significant variation. Additionally, manufacturing decreased in multiple regions despite improving in some parts of the Midwest. Manufacturing represents a shrinking to stagnant aspect of the U.S. labor force per William Strauss of the Chicago Federal Reserve Bank. Unemployment numbers were cited as being a-typical, unseasonal and statistically inaccurate by MarketWatch and Zero Hedge.
• Commerce Department: August disposable income declines .3%
• Value of Euro per Dollar reduced by .10 cents in September
• SBT: Economic integration sought to stem lower exports to West
• Chinese manufacturing indicates 2 month contraction per Barron's
• German unemployment declines to 6.9% according to Reuters
Source: Bureau of Economic Analysis
:.
0 comments:
Post a Comment