|
|
| Economic Releases - Week of 12/14/2009
| Consensus | Actual | Positive, Negative
Neutral
| Comments | Monday 12/14/2009 | | | | | |
|
|
|
| Tuesday 12/15/2009 |
|
|
|
| Empire Manufacturing Survey
| 24.00
| 2.55
| (-)
| An unexpected sharp decrease in the
manufacturing index out of the New York region.
| PPI | 0.8%
| 1.8%
| (-)
|
| | Core PPI | 0.2%
| 0.5%
| (-)
| While most of the increase in the producer
price index was due to energy/gas costs,
inflation at the producer level looks to have
picked up. It remains to be seen whether it is
passed on to the consumer.
| Capacity Utilization
| 71.1%
| 71.3%
| (+)
|
| Industrial Production
| 0.5% | 0.8%
| (+)
| Nice pick-up in industrial activity, as companies
look to replenish depleted inventories.
| Net Long-Term TIC Flows
| $35.5 B
| $20.7B
| (-)
|
| Wednesday 12/16/2009 |
|
|
|
| CPI | 0.4%
| 0.4%
| Neutral
| Reassuring number on inflation - or lack thereof
- at the core level. This will probably mean that
the Federal Reserve will maintain its current
monetary policy stand, thus making people
looking for further stimulus happy, and those
worried about future inflation caused by
massive government deficits unhappy.
| Core CPI | 0.1%
| 0.0%
| Neutral
|
| Building Permits
| 570,000
| 584,000
| Neutral
|
| Housing Starts
| 574,000
| 574,000
| Neutral
|
| Current Account Balance
| -$107.5 B
| -$108.0B
| Neutral
|
| FOMC Rate Decision
| Unchanged
|
|
|
| Crude Inventories |
| -3.69M
|
|
| Thursday 12/17/2009 |
|
|
|
| Initial Unemployment Claims | 465,000
| 480,000
| (-)
| Not a big miss, but the weakness in the job
market continues being a concern.
| Leading Indicators
| 0.7% | 0.9% | (+)
| | Philadelphia Fed Activity Reading | 16.0
| 20.4
| (+)
| Stronger than expected reading out of the
Philadelphia Fed combines with a good leading
indicators figure provides further evidence of the
recession coming to an end.
| Friday 12/18/2009 |
|
|
|
|
|
|
|
|
|
| | | |
|