The Positive Data keeps Coming From the US
Skerdian Meta • 1 min read
The Eurozone, the UK, the Canadian economies etc have been weakening since August, after the post lock-down surge. But the weakness has increased in the last two months due to the new coronavirus restrictions , although the US economy is holding well and keeping a good pace of expansion. Unemployment claims declined earlier today, while the durable goods orders remain decent.
US November durable goods orders highlights:
- November prelim durable goods orders +0.9% vs +0.6% expected
- Prior was +1.3% (revised to +1.8%)
- Durables ex transportation +0.4% vs +0.5% expected
- Prior ex transportation +1.3% (revised to +1.9%)
- Capital goods orders non-defense ex-air +0.4% vs +0.6% expected
- Prior capital goods orders non-defense ex-air +0.8% (revised to +1.6%)
- Capital goods shipments non-defense ex-air +0.4% vs +0.7% expected
- Prior capital goods shipments non-defense ex-air +2.4% (revised to +2.6%)
US initial jobless claims and continuing claims
- Initial jobless claims 803K vs 880K estimate. The prior week revised to 892K vs 885K prev. reported.
- 4 week moving average 818.25K vs 814.25k last week
- Continuing claims 5337K vs 5560K estimate. The prior week was revised to lower by 1K to 5507K vs 5508K previously reported.
- 4 week moving average 5538.0K vs 5726K last week
- The largest increases in initial claims for the week ending December 12 were in Illinois (+30,743 – mainly wholesale trade, retail trade, and educational services), California (+25,664 – service industry), Kansas (+5,637), Delaware (+2,355), and Ohio (+1,996),
- The largest decreases were in Georgia (-9,301), Minnesota (-9,158), Texas (-8,876), Indiana (-7,920), and Wisconsin (-7,038).