Economic Statistics for 6 Jan 16
November factory orders slipped back into negative territory, falling -0.2%, with core capital goods down -0.3%.
The nation’s trade deficit narrowed to $-42.2 billion in November, as exports fell -0.9% and imports dropped -1.7%.
In December, the PMI Services index fell -1.8 points to 54.3, while the ISM’s Non-Manufacturing Index fell -0.7 points to 55.3.
ADP’s Employment Report is calling for an unusually sharp increase of 257,000 new private-sector jobs in December.
Gallup’s US Job Creation Index fell a point to 30 in December.
The MBA reports that mortgage applications plunged -27.0% last week, with purchases down -15% and refis down -37%. This is a volatile index during shortened holiday weeks.