ISM Service, EIA, Factory Orders 10/04/06
In our top story tonight, the leader of al-Qaida in Iraq, Abu Musab al-Zarqawi, is STILL dead and someone else has taken his place.
EIA Inventory - Full Report
This week: Crude +3.3Mbarrels; Gasoline +1.2Mb; Distillates +200KMb; Propane +1.043Mb
YOY: Crude +22.7Mb; Gasoline +19.6Mb; Distillates +23.5Mb; Propane +1.402Mb
Sept. ISM Services 52.9 vs prior 57 Full Report
Inside the number: New orders UP 57.2 vs 52.1; employment UP 53.6 vs 51.4; backlog UP 53 vs 49.5; new export orders UP 59 vs 53.
All indicating services GROWTH, the overall index was pushed down by a large drop in prices paid DOWN 56.7 vs 72.4.
Aug. Factory Orders FLAT vs prior -1% Full Report
Inside the number: A large increase in defense capital goods +9.9% vs prior -15% kept the average flat; ex defense factory orders -0.2%.
Good news: YTD factory orders +7.3%; demand & production of non durable goods -3.7% was understated as the drop was due to lower energy prices.
Bad news: Over the last six months durable goods ex defense -4.2%, Aug. shipments of core capital equipment +0.7% vs prior +1.5%, both indicating a softening in growth.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
EIA Inventory - Full Report
This week: Crude +3.3Mbarrels; Gasoline +1.2Mb; Distillates +200KMb; Propane +1.043Mb
YOY: Crude +22.7Mb; Gasoline +19.6Mb; Distillates +23.5Mb; Propane +1.402Mb
Sept. ISM Services 52.9 vs prior 57 Full Report
Inside the number: New orders UP 57.2 vs 52.1; employment UP 53.6 vs 51.4; backlog UP 53 vs 49.5; new export orders UP 59 vs 53.
All indicating services GROWTH, the overall index was pushed down by a large drop in prices paid DOWN 56.7 vs 72.4.
Aug. Factory Orders FLAT vs prior -1% Full Report
Inside the number: A large increase in defense capital goods +9.9% vs prior -15% kept the average flat; ex defense factory orders -0.2%.
Good news: YTD factory orders +7.3%; demand & production of non durable goods -3.7% was understated as the drop was due to lower energy prices.
Bad news: Over the last six months durable goods ex defense -4.2%, Aug. shipments of core capital equipment +0.7% vs prior +1.5%, both indicating a softening in growth.
Keep it tween da ditches, we take it day by day and keep our eyes peeled to the sky, because it could be a name brand that pancakes us. Just my opinion, I could be wrong, this is The Nattering Naybob and your NOT!
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