This week investors face a barrage of data in addition to Chairman Bernanke’s Senate confirmation hearing. On the economic front, Friday’s employment report should steal the show followed closely Tuesday’s manufacturing ISM release. Both the manufacturing and non-manufacturing ISM reports have indicated expansion over the past three months, and should again in November, albeit at […]
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Productivity and Costs
With the first week of November comes a wave of important economic data—plus a few key earnings announcements—important macro releases include October’s employment report, an FOMC announcement, and several other indicators that will help gauge the health of the consumer and overall economy. Also important to note is that the ECB, Bank of England, and […]
Productivity rose 6.4% in 2Q09 compared to a consensus forecast of 5.5%. This is the biggest gain since 2003. The drop was due to the amount of hours worked declining faster than output. At the same time, unit labor costs fell -5.8% versus a consensus forecast of -2.8%. In face the of lay-offs and reduced […]
On the economics front this week we have a rather light calendar compared to last week, but not without some significant releases. The weeks starts out slow with no noteworthy releases on Monday, followed up by productivity and costs on Tuesday. The week closes with the hard hitting trifecta of July’s CPI, June’s Industrial Production, […]