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Week 40 -2013 | From Sep. 30 to Oct. 04, 2013 |
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Economic Data for Week 40-2013 | Global View
| Week Rating
| DATE/WEEK |
DAY |
REPORT/CATEGORY |
HIGHLIGHTS ON WEEK 40-2013 |
LAST |
|
Mon |
Chicago PMI |
Chicago PMI climbed in September to 55.7 from 53.0 in August 2013. Economists had expected the index, formally known the Chicago business barometer, to dip to 54.0. |
55.7
Level
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|
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Manufacturing |
Readings above 50.0 indicate expansion. The Chicago PMI has risen three straight months and the latest increase is consistent with modest economic growth. |
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Tue |
ICSC Goldman Sachs Index |
U.S chain store sales rose 0.2% in the week ended 28 September, following a 1% drop in a week earlier, according to International Council of Shopping Centers and Goldman Sachs. |
2.1%
Y/Y |
|
 |
Sales and Inventories |
On a yearly basis, U.S chain store sales grew further by 2.1%, exceeding a 1.6% rise in a week earlier. |
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Tue |
Johnson Redbook |
Chain-store sales proved steady to perhaps slightly soft in September 2013 compared to August 2013, based on reports from ICSC-Goldman and now Redbook. |
3.8%
Y/Y |
|
 |
Sales and Inventories |
Redbook's year-on-year tally for the September 28 week came in at plus 3.8% which is up 2 tenths from the prior week's rate, but the 4-week average is down 2 tenths to 3.9%. |
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Tue |
ISM Manufacturing Index |
The Institute for Supply Management's factory index rose to 56.2, the strongest since April 2011, from 55.7 a month earlier, the Tempe, Arizona-based group's report showed today. Readings greater than 50 indicate growth. |
56.2
Level
|
|
 |
Manufacturing |
Manufacturing unexpectedly picked up in September 2013, showing American factories were a source of strength for the world's largest economy before the federal government shut dow. |
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Tue |
Construction Spending |
The Construction Spending report is delayed due to the federal budget impasse and will reported later when released. |
N/A |
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Growth |
Data Delayed. |
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Wed |
MBA purchase Applications |
Applications for U.S. home loans dipped slightly in the latest week, as a drop in demand for purchase loans outweighed an increase in refinancing demand, data from an industry group showed on Wednesday. |
-0.4%
W/W
|
|
 |
Real Estate |
The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 0.4% in the week ended September 27. |
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Wed |
Bank Reserve Settlement |
Bank Reserve Settlement is the date where commercial banks must meet reserve requirements stipulated by the Federal Reserve. |
N/A |
|
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Banking System |
Bank Reserve Settlement is a two-week period that ends every other Wednesday. |
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Wed |
ADP Employment Report |
Private-sector employment gains slightly picked up in September 2013, as employers added 166,000 jobs, Automatic Data Processing Inc. reported Wednesday. |
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Employment |
Analysts had expected a September 2013 gain of 180,000, compared with an originally estimated increase of 176,000 in August. |
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Wed |
EIA Crude Oil |
An unusually large jump in oil imports fed a large 5.5 million barrel build in oil inventories to 363.7 million barrels in the September 27 week. |
5.5M
Barrels
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 |
Commodity |
Oil imports averaged 8.4 million barrels per day, up from 7.9 million in the prior week for the largest reading of the year that was matched once in mid-June. |
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Thu |
Jobless/Initial Claims |
The number of Americans filing new claims for jobless benefits remained at pre-recession levels last week but growth in the massive U.S. service sector cooled in September as firms took on fewer new workers. |
N/A |
|
 |
Employment |
Initial claims for state unemployment benefits edged up by 1,000 to a seasonally adjusted 308,000, the Labor Department said on Thursday. |
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Tue |
Factory Orders |
The Construction Spending report is delayed due to the federal budget impasse and will reported later when released. |
N/A |
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Manufacturing |
Data Delayed. |
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Thu |
ISM Non-Mfg Index |
The Institute for Supply Management said Thursday its services index fell to a reading of 54.4% in September 2013 from 58.6% in August 2013. |
54.4 |
|
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Business Activity |
That's below the 57.5% seen in consensus. The employment index fell 4.3 points to 52.7%. Any reading above 50% indicates expansion. |
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Thu |
EIA Natural Gas Report |
Natural gas in storage rose 101 billion cubic feet in the September 27 week to 3,487 bcf. |
101bcf |
|
 |
Commodity |
From 87 bcf to 101 bcf. |
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Thu |
Fed Balance Sheet |
For the October 2 week, the Fed balance sheet gained $13.4 billion after growing $11.8 billion the prior week.
|
$13.4B |
|
 |
Government |
The increase was led by a $14.9 billion boost in holdings of Treasuries. Federal agency securities dipped $3.0 billion and mortgage-backed securities were little changed. Total assets for the October 2 week stood at $3.747 trillion. |
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Thu |
M2 Money Supply |
M2 Weekly Change $38.1 Billions from $4.0 Billions revised to $4.0 Billions. |
$38.1B |
|
 |
Money Supply |
M2 included M1 and, in addition, short-term time deposits in banks and certain money market funds. In general, an increase in the supply of money typically lowers interest rates. |
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Fri |
Fixed Mortgage Rates |
The average interest rate for the most popular kind of home loan, the 30-year fixed rate, fell to 4.22%, down from 4.32% a week earlier. |
4.22% |
|
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Interest Rates |
The 15-year FRM this week averaged 3.29% with an average 0.7 point, down from last week when it averaged 3.37%. A year ago at this time, the 15-year FRM averaged 2.69%. |
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Fri |
Employment Situation |
The Employment Situation report is delayed due to the federal budget impasse and will reported later when released. |
N/A |
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Employment |
Data Delayed. |
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| WEEK 27-2013 ENDING OCT. 04 |
Reports Commentary
Government
The Senate on Monday sent a budget bill back to the House that keeps funding for President Barack Obama's health-care law, and funds the government through mid-November. Congress has yet to agree on a bill to fund the government past Monday night, and without new funding in place the government will partially shut down Tuesday morning.
The Senate voted 54-46 on Monday to strip a one-year delay in President Barack Obama's health care law from the bill that would keep the government operating.
Employment
The most interesting news on the day was the slightly lower than expected ADP Employment report which included negative revisions to previous months.
Data
The data could provide some of the strongest guidance this week on the health of the U.S. economy as a partial government shutdown delays the release of other data, including the monthly employment report that was scheduled to be released on Friday.
The weekly jobless claims report was the only government economic data released during the shutdown.
The weekly jobless claims report was the only government economic data released during the shutdown. The weekly jobless claims report was the only government economic data released during the shutdown. The information is collected by the states and the Labor Department's Employment and Training Administration continued providing services because the shutdown did not cause a lapse in payments for unemployment benefits.
Federal workers returned to their jobs Thursday after President Obama signed legislation funding the government until Jan. 15 and suspending the debt limit until Feb. 7.
But Labor and Commerce departments spokespeople said Thursday they did not know when the flow of government economic data would resume. Numerous reports, including the monthly jobs report, were postponed. |
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To prepare for this week we have posted the following Blog: |
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U.S. Gov Shutdown and Debt Battle |
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