FYI: It was a busy week in economic data with 33 releases out of the US. Of these 33, only 10 beat estimates or the previous period’s reading while about half came in worse than expected. Manufacturing data kicked this week off with Markit Manufacturing PMI coming in slightly below estimates and the ISM Manufacturing Index saw a healthy beat, although prices paid missed big. Tuesday had no scheduled releases. Wednesday only saw mortgage applications and the Fed’s Beige Book release as all other releases were postponed or canceled due to the observance of President George H.W. Bush’s funeral. Things picked up with a busy end to the week. Thursday we saw the counterparts to Monday’s releases with Markit Services PMI and ISM Non-manufacturing index both coming in strong. The week concluded with a weaker Nonfarm Payrolls report indicating a slowdown of an extremely hot labor market.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/next-weeks-economic-indicators-12-10-18/
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