Inventories Archive

ISM/PMI

[Skip to the end] Karim writes: Shocker is employment component of Chicago PMI ->up from 47.6 to 59.8; was at 38.1 in October. ISM employment component has been above 50 for the past 3mths but hasn’t translated into real job gwth. Full Chicago details: Jan Dec Activity 61.5 58.7 Prices paid 66.2 ...Read More

Reuters: Business sales up in January

Note the negative initial spin on inventories versus the falling stock sales ratio at the end. Business inventories, sales up in January by Lisa Lambert WASHINGTON (Reuters) – U.S. business inventories rose by a larger-than-expected 0.8 percent in January, the biggest gain since 2006, while sales experienced their largest increase in nearly ...Read More

GDP/ADP

From Karim: GDP slows from 4.9% to 0.6% Personal consumption slows from 2.8% to 2.5% DGO strength in Dec shows up in modest positive in equipment and software (+3.8%) Residential FI (housing) down 23.9% Core PCE up 2.7% annualized for quarter and 2.1% y/y Net exports add 0.4% to gwth Inventories a ...Read More