Economic Statistics for 1 Dec 15
Automobiles fairly flew off the dealers’ lots in November, as auto sales rose to a 18.2 million annual pace, a 12-year high.
Redbook reports that last week’s retail sales rose to 3.9% on a year-ago basis, from the previous week’s weak 1.5%. Thanks, Black Friday!
Markit’s PMI Manufacturing Index slowed from 54.1 to 52.8 in November.
The ISM Manufacturing Index slowed from a barely positive 50.1 to a contractionary 48.6 in November.
Construction pending rose a solid 1.0% in October, and is up 13.0% on a year-over-year basis.
The Gallup Economic Confidence Index remained unchanged at 013 in November.