Mixed Messages.
Durable Goods Orders (August 2015)
– New Orders month/month -2.0%. Previous was +1.9%
– New Orders year/year -2.3%. Previous was -19.6%
– Ex-transportation month/month +0.0%. Previous was +0.4%
– Ex-transportation year/year -3.9%. Previous was -2.5%
– Core capital goods month/month -0.2%.
– Core capital goods year/year +0.8%.
Weakness in Durable Goods continues. This could be about flat domestic manufacturing and also weakness in foreign economies.
Initial Jobless Claims (week ended 9/19/2015)
– New Claims seasonally adjusted 267,000. Previous was 264,000
– New claims unadjusted totaled 219,591 an increase of 20,625 from previous
– 4-week Moving Average 271,750. Previous was 272,750.
Chicago Federal Reserve National Activity Index (August 2015)
– Level -0.41. Previous was -0.51
– 3 Month Moving Average +0.01. Previous was +0.02.
This is a weighted average of 85 existing monthly indicators of national economic activity.
New Home Sales (August 2015)
– New Home Sales seasonally adjusted, annualized 552,000. Previous was 522,000.