Economic Reports 12/22/06
Summary: Consumer sentiment, personal spending slightly up and income slightly down.
Durable orders rising but confirming a softening in factory output and demand as domestic consumer and business demand eases. Only exports are growing.
Consumer Sentiment Dec 91.7 vs prior 90.2
Personal Spending & Income Nov +0.5% vs prior +0.2% Full Report
Inside the number: Income Nov +0.3% vs prior +0.4%. Advertised YOY Core PCE +2.2%, but stagflation is really raging at 9-10%.
Durable Orders Nov +1.9% vs prior -8.2% Full Report
Inside the number: A large increase in aircraft orders +7.2% vs prior -44% propped up the number. Ex transporation durable orders -1.1%, the 4th decline in the past 5 months.
Core capital equipment, ex aircraft and defense goods, -1.4% vs -3.9% decline in Oct, the 1st back to back decline in core capital goods since early 2005. Shipments ex transportation -0.1%.
Durable orders rising but confirming a softening in factory output and demand as domestic consumer and business demand eases. Only exports are growing.
Consumer Sentiment Dec 91.7 vs prior 90.2
Personal Spending & Income Nov +0.5% vs prior +0.2% Full Report
Inside the number: Income Nov +0.3% vs prior +0.4%. Advertised YOY Core PCE +2.2%, but stagflation is really raging at 9-10%.
Durable Orders Nov +1.9% vs prior -8.2% Full Report
Inside the number: A large increase in aircraft orders +7.2% vs prior -44% propped up the number. Ex transporation durable orders -1.1%, the 4th decline in the past 5 months.
Core capital equipment, ex aircraft and defense goods, -1.4% vs -3.9% decline in Oct, the 1st back to back decline in core capital goods since early 2005. Shipments ex transportation -0.1%.
Comments