Economic Statistics for 5 Oct 16
Factory order rose an unexceptional 0.2% in August, but, hidden beneath the headline number, core capital goods orders jumped by 0.9%.
ADP reports an estimate of 154,000 net new private-sector jobs created in September.
The nation’s trade deficit widened by $1.2 billion in August to $40.7 billion.
Markit’s PMI Services Index rose 1.3 points to 52.3 in September, while the ISM Non-Manufacturing Index rose 5.7 points to 57.1. The ISM report looks like an outlier, frankly.
Gallup’s U.S. Job Creation Index was unchanged at 33 for September.
The MBA reports that mortgage applications rose 2.9% last week, with purchases down -0.1% but refis up 5.0%.