|
ISM Services, Productivity, and Consumer Credit Highlight |
|
Monday, 05 November 2007 |
|
By Rick Pendergraft
After last week’s incredibly busy schedule of reports, this week should be a little calmer. But it is still filled with important reports. The first one will come out at 10:00 this morning in the form of the Institute for Supply Management’s Services Index.
September’s 54.8 reading was down one percent from the August reading, and the index has been trending lower since the spring. Anything above 50 is considered an expansion in the non-manufacturing sector of the economy. Anything below 50 means it is contracting.
The third-quarter productivity report is scheduled to be released on Wednesday, and is expected to increase by 2.5 percent. This is slightly lower than the 2.6-percent increase we saw in the second quarter.
The September Consumer Credit report will also be released on Wednesday. It is expected to decline significantly. The $12.2 billion reported in August was the last report before concerns about the credit crunch really hit the market hard. The expectation of $8.0 billion in September reflects the tighter credit market.
Date | Time (ET) | Statistic | For | Market Expects | Prior | 5-Nov | 10:00 AM | ISM Services | Oct | 54 | 54.8 | 7-Nov | 8:30 AM | Productivity-Prel | Q3 | 2.50% | 2.60% | 7-Nov | 10:00 AM | Wholesale Inventories | Sep | 0.10% | 0.10% | 7-Nov | 3:00 PM | Consumer Credit | Sep | $8.0B | $12.2B | 9-Nov | 8:30 AM | Export Prices ex-ag. | Oct | NA | 0.00% | 9-Nov | 8:30 AM | Import Prices ex-oil | Oct | NA | -0.20% | 9-Nov | 8:30 AM | Trade Balance | Sep | -$58.0B | -$57.6B | 9-Nov | 10:00 AM | Mich Sentiment-Prel. | Nov | 81 | 80.9 |
-
We endeavor to decipher analysis of this Teaser/News Letter to distinguish
the thoughts of Authors/Editors.
-
Please post your Review/Comments, your rating helps other users gauge
the value of an article ...
-
-
|
Stock Ideas 
