The July US manufacturing PMI (purchasing managers’ index) report indicates a strong improvement in the US (SPY) (QQQ) (VFINX) business climate after a gradual decline.
Every week analysts anticipate an increase or decrease in crude inventories based on demand and supply expectations in that week.
Weakness in China could lead to a contagion, and global growth could be muted.
Analysts expected an increase of ~3.95 million barrels in crude inventories last week. We’ll discuss the actual changes in inventories in this series.
In the last year, the number of operating oil rigs was down by 521, or ~36%. The number of oil rigs grew by 102 during the corresponding period last year.
Average hourly earnings of production and non-supervisory employees increased to $20.80 in January—from $20.70 in December.
The ICSC–Goldman Sachs index, released on May 2, increased to 3.7% from 2.5% in the previous week. The index declined from 4.4% in the same week in 2014.
Although Johnson Redbook doesn't include restaurant sales, investors should look at this indicator to get a sense of where the economy is headed from a retail sales perspective.
Initial jobless claims can help us gauge the health of the US labor market. It indicates the number of people filing for unemployment.