Economic Statistics for 2 Jan 15
Markit’s PMI Manufacturing Index slowed by -0.9 points in December, coming in at 53.9.
The ISM Manufacturing Index fell -3.2 points to 55.5 in December.
The J.P. Morgan Global Manufacturing PMI fell -0.2 points to 51.6 in December.
Construction spending fell -0.3% in November, well below expectations. On a year-over-year basis, spending is up only 2.4%. The recent slack in housing has negative implications for 4th Quarter GDP.
The Fed’s balance sheet fell $-11.8 billion last week, with total assets of 4.498 trillion. Reserve bank credit fell $-11.9 billion.
The Fed reports that M2 money supply grew by $16.6 billion in the latest week.