Economic Report Summary 2-7-14

The trade deficit widened from $34.56 billion to $38.70 billion in December 2013. The Market Services PMI rose 1.0 point to a level of 56.7 in January. The Market Manufacturing PMI fell to a three-month low in January, registering at a level of 53.7. The ISM Manufacturing PMI fell 5.7 points to a level of 51.3 in January, missing forecasts of modest dip to 56.0.

By |2014-02-10T20:49:36+00:00February 10th, 2014|Stock Market|0 Comments

Economic Report Summary – Week Ending 1-31-14

The Federal Reserve left interest rates unchanged at 0.25% and also announced another $10 billion cutback in its quantitative easing. Gross Domestic Product grew by 3.2% annualized in the fourth quarter, coming in-line with expectations. Durable Goods orders fell 4.3% on a monthly basis in December 2013, failing to meet estimates at 1.8%. Ex-transportation, Durable [...]

By |2014-02-05T16:33:14+00:00February 5th, 2014|Stock Market|0 Comments
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