Factory Orders

 

BLS Employment Situation Report  (October 2012) – Nonfarm jobs were +171,000 and the previous month was revised upwards by 36,000 – Unemployment Rate was 7.9% up from 7.8% – Average wage was dead flat – Average workweek was 34.4 hours the same as the  previous month (revised.) This is a mediocre report which will pass for

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Factory Orders -Factory Orders (August) were -0.2% -Previous was +2.4% -Consensus was -0.3% -Consumer was not keeping pace and we have seen supply-side data reveal that business is now bringing its thinking in line with the consumer. Retail Sales -ISCS-Goldman Store Sales, Week/Week: +0.1% -ISCS-Goldman Store Sales, Year/Year: +3.7% -Redbook Store Sales, Year/Year: +4.1%. Previous

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Factory Orders -Factory Orders (August) were -0.2% -Previous was +2.4% -Consensus was -0.3% -Consumer was not keeping pace and we have seen supply-side data reveal that business is now bringing its thinking in line with the consumer. Retail Sales -ISCS-Goldman Store Sales, Week/Week: +0.1% -ISCS-Goldman Store Sales, Year/Year: +3.7% -Redbook Store Sales, Year/Year: +4.1%. Previous

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Mortgage Applications (week ending 8/26) -Purchase Index Week/Week: +0.9% -Refinance Index Week/Week: -12.2% -Composite Index Week/Week: -9.6% -The increase in the purchase index is good news for the huisng sector which is in serious need of good news. The refi index is rate sensitive and next week will probably show an increase for this week.

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