Economic Reports 01/04/07
Summary: Same store holiday sales off slightly.
Initial claims up, but showing a decrease in the 4 week moving average. Pending home sales continues to fall.
ISM services falling as employment rises to get backlogs out, but new orders are declining.
Factory orders showing an increase on large military orders, but ex transportation, showing a decline.
Initial Claims +10K to 329K
Inside the number: 4 week MA for new claims +1,250 to 317,500. 4 week MA for continuing claims fell 16,000 to 2.48 million.
Pending Home Sales Nov -0.5% at 105 vs prior 105.5 Full Report
Inside the number: The pending sales index is down 11.4% from November 2005.
Factory Orders Nov +0.9% vs prior -4.5% Full Report
Inside the number: 1st increase since July on a large increase in defense capital goods +34.8%, ex defense factory goods +0.1%.
Ex transportation factory orders -0.5%. Inventories +0.3% the 10th increase in 11 months, durable goods +0.2%, non defense capital goods ex aircraft +2%.
ISM Services Dec DOWN to 57.1% vs prior 58.9% Full Report
Inside the number: new orders fell to 54.4% from 57.1%, employment rose to 53.3% from 51.6%, prices paid rose to 59.1% from 55.6%, order backlogs fell to 48% from 54.5%.
Initial claims up, but showing a decrease in the 4 week moving average. Pending home sales continues to fall.
ISM services falling as employment rises to get backlogs out, but new orders are declining.
Factory orders showing an increase on large military orders, but ex transportation, showing a decline.
Initial Claims +10K to 329K
Inside the number: 4 week MA for new claims +1,250 to 317,500. 4 week MA for continuing claims fell 16,000 to 2.48 million.
Pending Home Sales Nov -0.5% at 105 vs prior 105.5 Full Report
Inside the number: The pending sales index is down 11.4% from November 2005.
Factory Orders Nov +0.9% vs prior -4.5% Full Report
Inside the number: 1st increase since July on a large increase in defense capital goods +34.8%, ex defense factory goods +0.1%.
Ex transportation factory orders -0.5%. Inventories +0.3% the 10th increase in 11 months, durable goods +0.2%, non defense capital goods ex aircraft +2%.
ISM Services Dec DOWN to 57.1% vs prior 58.9% Full Report
Inside the number: new orders fell to 54.4% from 57.1%, employment rose to 53.3% from 51.6%, prices paid rose to 59.1% from 55.6%, order backlogs fell to 48% from 54.5%.
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