manufactured goods unexpectedly rose in October
Consumer spending slow
NEW YORK (Reuters) Consumer spending barely rose October as households Canada Goose Coats On Sale took advantage of the largest increase in income in seven months to rebuild their savings. manufactured goods unexpectedly rose in October, but sharp downward revisions to the prior month data and weak spending plans by businesses suggested manufacturing was taking a breather.
are getting a disappointing start to the fourth quarter. Consumer spending is not starting on the right canada goose store track for the quarter. Capital spending canada goose is uneven. It doesn have the strong Canada Goose Online upward thrust we normally see in a regular recovery. Initial claims are okay but they could be better. These first actual numbers that go into calculation for fourth quarter GDP are not looking like 2.5 to 3.0 percent. We want to see demand growing strongly and consistently, and we are not seeing that. They are plodding along at best. These early readings don look that favorable.
CHRISTOPHER LOW, CHIEF ECONOMIST, FTN FINANCIAL, NEW YORK biggest thing Canada Goose sale is the rise in continued (jobless) claims but it not a surprise because of the big previous drop. We ought to look at the headline, which is below 400,000 for a third straight week. Claims are running 20,000 lower than a month ago. All else equal, this translates to 50,000 more Canada Goose Jackets jobs a month. This is an encouraging sign. We might see 200,000 job growth a month before the end of buy canada goose jacket the year. But claims have been all over the place this year so you don want canadian goose jacket to read too much into it.
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the data is very much in canada goose deals keeping with an unimpressive rebound and is clearly fueling fears that we are sliding into more underperformance. It is an indication to me there really is nothing new and there does not appear Canada Goose Outlet to be anything on the horizon that is going to dramatically alter those data points in terms of a significant shift higher. With the headwinds we have to deal with, and I am not just talking about domestically, but the headwinds psychologically and economically from the euro zone, the sledding gets tougher from here.
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much a mixed bag. The futures have moved up a little bit which is kind of canada goose coats on sale what I expect. There wasn any reason for extreme pessimism but there also wasn anything to say, yeah its time to get into the market
story continues to be in Europe. That what people are concerned about. A lot of the pundits are getting more and more negative on the situation there and that is weighing heavily on the rest of the world.
DAVID SLOAN, ECONOMIST, IFR Canada Goose Parka ECONOMICS, A UNIT OF THOMSON cheap Canada Goose REUTERS
personal income 0.4% rise was slightly ahead of a canada goose black friday sale 0.3% expectation but spending with a 0.1% rise was well short of a 0.4% expectation canada goose clearance sale that had been generated by an unexpectedly strong retail sales report. Services, which had shown a strong Q3, canada goose coats failed to match the retail sales gain. 2018 canada goose outlet Many commentators had noticed a recent tendency of spending to outperform income, a gap widened by yesterday revisions with the Q3 GDP report, and had questioned how long that could last. October data suggests a recent run down in savings may have gone as far as it can.
0.7% fall in October durable goods buy canada topcanadagoose goose jacket cheap orders was not linked site quite as weak as a 1.0% market consensus, and a 0.7% rise ex transport was stronger than the canada goose replica expected unchanged outcome. However September was revised down to a 1.5% decline from 0.6%, while September ex transport data now stands at up canada goose clearance 0.6%, well below the previously reported 1.8% rise that had surprised most commentators on the upside. Net of revisions the number is a little softer than expected, though the underlying trend is still modestly positive, with the negative transport data over the last two months an unwind from above trend data seen in June and July.
data looks mostly as expected. It was essentially in line, canada goose outlet toronto factory so it won have a big impact on trading today. I more interested in what happening in China with manufacturing contracting. That is not great news. stock index futures trimmed losses modestly.