Wednesday , December 11 2019
Home / Mosler Economics / Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Summary:
In contraction: Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs: The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous month, missing market expectations of 6. Shipments (-2 vs 4 in October), new orders (-3 vs 7) and backlog of orders (-11 vs 6) declined while employment softened (5 vs 13). In contraction: Both now showing contraction:

Topics:
WARREN MOSLER considers the following as important:

This could be interesting, too:

WARREN MOSLER writes Employment, Wholesale inventories and sales

WARREN MOSLER writes Small business hiring, S&P earnings, Trump

WARREN MOSLER writes Trade, Vehicle sales, Air cargo

WARREN MOSLER writes ADP, ISM services, Bank lending, Euro area earnings forecasts, ISM NY

In contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Deceleration that was temporarily interrupted by the tax cuts has resumed with the tariffs:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

The Manufacturing Activity Index in the US fifth district including the District of Columbia, Maryland, North Carolina, South Carolina, Virginia, and most of West Virginia decreased to -1 in November 2019 from 8 in the previous month, missing market expectations of 6. Shipments (-2 vs 4 in October), new orders (-3 vs 7) and backlog of orders (-11 vs 6) declined while employment softened (5 vs 13).

In contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

Both now showing contraction:

Durable goods orders, Personal consumption and spending, Richmond Fed, Chicago PMI, Chemicals

WARREN MOSLER
Warren Mosler is an American economist and theorist, and one of the leading voices in the field of Modern Monetary Theory (MMT). Presently, Warren resides on St. Croix, in the US Virgin Islands, where he owns and operates Valance Co., Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *