Posts Tagged ‘housing’
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UofM Consumer Sentiment Prelims Unexpectedly Drops; Non-Upper Class See Bleak Future

by Christopher Lemieuxon January 17, 2014 4:47 pm BST
According to the Reuters and University of Michigan’s consumer sentiment preliminary data shows that consumer sentiment dropped in January, unexpectedly, at 80.4. Analysts were looking for a print of 83.4, up from December’s preliminary reading of 84.5. The survey showed lowered expectations among lower- to middle-income families, with the middle-class being the core driver of […]

ADP Reports 238K Jobs Added in December

by Christopher Lemieuxon January 8, 2014 2:10 pm BST
According to the ADP non-farm payroll report, 238K jobs were added in December and the biggest report since November 2012. The general analyst consensus was 199-200K added. Last month’s revision of 215K added jobs was revised upwards to 229K. Moody’s Analytics Mark Zandi said the labor market ended on a high note in 2013, while […]

ISM Services PMI Falls Short of Expectations, Housing Declines

by Christopher Lemieuxon January 6, 2014 4:07 pm BST
The Institute of Supply Management (ISM) services index fell short of expectations coming down from 53.9 to 53 in December. Orders in the corresponding month fell for the first time since 2009 as orders in 11 industries declined. Higher interest rates continue to threaten the housing rally (bubble?), which has been a core strength in […]

United States Expands 3.6 Percent, No Thanks to Consumer Spending

by Christopher Lemieuxon December 5, 2013 2:15 pm BST
The United States expanded at a rate of 3.6 percent on the largest increase in inventories since 1998. Unfortunately, consumer spending, which represents 70 percent of the economy, is anemic. Sales data from holiday expectations were far less than expected as consumers pinch their wallets closed. The GDP print far exceeded the 2.8 percent forecasts […]