by Last I checked this ‘counts’ as ‘personal consumption expenditure’: Premiums for Health Insurance Bought on Exchanges to Climb in 2016 Oct 26 (WSJ) — The Obama administration said many consumers will see noticeable premium increases when buying health coverage on insurance exchanges in 2016. Federal officials said Monday that the price of the second-lowest-cost midrange “silver plan”—a key metric for premiums around the country—will increase by 7.5% on average across the three-dozen states that rely on Washington to administer the health law for them. And 60% of enrollees—across 30 of the largest markets in the U.S.—will see the average rate for that benchmark plan rise by 6.3%. Also decelerating since oil prices collapsed:Up off the bottom some but no where near enough to levels historically coincident with lower unemployment, etc:Bad and the prior month revised down, and with employment growth slipping motor vehicles could be hit next: United States : Durable Goods OrdersHighlightsThe factory sector is showing cracks with orders contracting slightly more than expected, down 1.2 percent in September with August’s contraction revised lower to minus 3.0 percent. Other readings are likewise weak with ex-transportation down 0.4 percent following a downward revised 0.9 percent decline in August and with core capital goods orders down 0.
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Last I checked this ‘counts’ as ‘personal consumption expenditure’:
Premiums for Health Insurance Bought on Exchanges to Climb in 2016
Oct 26 (WSJ) — The Obama administration said many consumers will see noticeable premium increases when buying health coverage on insurance exchanges in 2016. Federal officials said Monday that the price of the second-lowest-cost midrange “silver plan”—a key metric for premiums around the country—will increase by 7.5% on average across the three-dozen states that rely on Washington to administer the health law for them. And 60% of enrollees—across 30 of the largest markets in the U.S.—will see the average rate for that benchmark plan rise by 6.3%.
Also decelerating since oil prices collapsed:
Up off the bottom some but no where near enough to levels historically coincident with lower unemployment, etc:
Bad and the prior month revised down, and with employment growth slipping motor vehicles could be hit next:
United States : Durable Goods Orders
Highlights
The factory sector is showing cracks with orders contracting slightly more than expected, down 1.2 percent in September with August’s contraction revised lower to minus 3.0 percent. Other readings are likewise weak with ex-transportation down 0.4 percent following a downward revised 0.9 percent decline in August and with core capital goods orders down 0.3 percent after falling a downward revised 1.6 percent in August.Other readings include a second straight and sharp 0.6 percent decline in unfilled orders and a third straight decline in inventories, down 0.3 percent which is the sharpest decline since May 2013. The decline in unfilled orders suggests that factories, lacking new orders, are working down backlogs while the decline in inventories points to growing caution in the business outlook. But factories are keeping up shipments which is good for GDP, up 0.2 percent after August’s 0.5 percent decline with core capital goods shipments up 0.5 percent after a 0.8 percent decline.
Motor vehicles are a positive in the report, showing a 1.8 percent gain in new orders and a 1.6 percent gain in shipments with both reversing similar sized declines in August. Also positive are electrical equipment and fabricated metals, with both perhaps getting a boost from construction, along with defense aircraft and defense capital goods.
Industries showing declines in new orders include primary metals, machinery, and computers & electronics. Orders for civilian aircraft fell 62 percent in September following a 23 percent decline in August.
This report falls in line with industrial production data where manufacturing in September slipped for the fourth time in five months. Weakness in exports is the balancing factor tipping the factory sector away from growth.
Redbook retail sales still growing at depressed rates:
Price continues to fall as the increased Saudi discounts continue:
