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Tuesday, December 28, 2010

Misc: Richmond Fed Manufacturing Survey, Consumer Confidence

by Calculated Risk on 12/28/2010 02:32:00 PM

A couple of earlier releases:
• From the Richmond Fed: Manufacturing Activity Expanded at a Solid Pace in December

In December, the seasonally adjusted composite index of manufacturing activity — our broadest measure of manufacturing — rose sixteen points to 25 from November's reading of 9. Among the index's components, shipments jumped twenty-three points to 30, new orders rose nineteen points to finish at 29, and the jobs index increased four points to 14.
This was above expectations of an increase to 11. The last of the regional surveys (Kansas City) will be released on Thursday. I'll update the Fed-ISM graph then.

• The Conference Board reported their consumer confidence index was at 52.5 (1985=100), down from 54.3 in November. This was below expectations of an increase to 57.4. Confidence is a coincident indicator, but this shows consumers remain cautious.

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