United States Economy

December 5, 2011, United States Institute for supply management (ISM) November Services report released shows that November United States slower services, related index hit a 22-month low. After the United States has issued a series of hyper-anticipated economic report, today's ISM Services index are recent less-than-expected data.
ISM pointed out that the services index for the 52% of November, lower than the per cent in October, its lowest since January 2010 in the former. ISM index greater than 50% indicate the industry is in a growth State, absolute value, the higher the growth rate faster. According to Thomson Reuters survey, economists had expected per cent from the November ISM Services index will increase to 54%.
According to Goldman Sachs study last week United States economic data released by good levels of most highest in at least five years, and ISM Services index for today, a good momentum of draw a full stop. Previously published data show that November United States unemployment rate fell to 8.6% significantly better-than-expected November ISM manufacturing index (1060.177,-34.86,-3.18%) there was a market expected to grow strongly.
ISM Services index-than-expected primarily associated with the employment index fell November employment fell 4.4 points, to 48.9%. This is inconsistent with previously published data, Labor Department data showed November services creates 14.6 job opportunities, and the ADP payroll service provider pointed out that November services new generation 178,000 jobs.
Latest index might mean in the future of employment services in the employment rate will be slower. Receive ISM Survey of a hospitality and food service sector purchasing managers ' points out that "consumers are nervous about their future employment and income, under the influence of these factors, we drop in sales, we hire more manpower demand also fell. ”
Suppliers deliver fell 2 points in November, to 50% of the grow/shrink boundaries. The new orders index up 0.6 points, to 53%, the 28th consecutive month above the 50% mark, business activity index rose 2.4 points, to 56.2%.
Europe's latest service sector purchasing managers ' report showed that in November euro-zone service sector index fell for the third consecutive month, falling to 47.5%, in which Spain's services sector index fell to 36.8%, and the United Kingdom index increased from per cent in October to 52.1%
http://finance.sina.com.cn/stock/usstock/economics/20111205/235110937736.shtml

December 2, 2011 U.S. Employment Growth Decent in November, Falls Short of Expectations
• The unemployment rate fell to 8.6% from 9.0% in October. Employment as reported in the household
survey rose 278K and the labor force contracted by 315K

• The U.S. added 120K non-farm jobs in November, shy of market expectations for 125K gain. Private
sector hiring expanded by 140K, also disappointing consensus for 150K.
• Revisions to the October data showed the economy generated 100K non-farm jobs, initially reported at
80K. Private payrolls expanded by 117K after an initial report of 104K.
• Government payrolls were the biggest drag on the headline figure. 20K public sector jobs were lost in
November. A 6K drop in good-producing employment, such as manufacturing and construction, was also
responsible for some of the weakness. This is goods-producing employment’s second consecutive month
of contraction, after posting strong gains through most of the year.

December 1, 2011 ISM manufacturing index shows positive momentum in November
• The U.S. ISM manufacturing index rose to 52.7 in November from 50.8 the previous month. The consensus call was for a weaker reading of 51.8.
• New orders accelerated to 56.7 points from 52.4 prior, the second month in a row above the 50 mark, after being in contraction territory for the entire third quarter.
• The production sub-index rose to 56.6 points from 50.1 in October.
• Export orders were up by 2 points to 52.0, whereas the employment component dropped 0.7 points to 51.8.
• Inventories increased to 48.3 from 46.7 prior, while prices paid increased by 4 points, reaching 45.0.

November United States private sector added 20. 60,000 jobs,
Washington D.C., November 30, 2011 (reporter)-United States employment service companies for automatic data processing (ADP) report showed 30th November United States private sector jobs in its fastest pace since nearly a year, easing concerns about the job market.

Reports show that November United States private sector added 20. 60,000 jobs, not only much better than economists expected, is also the biggest increase since December last year. At the same time, reports October also revised upward the number of new jobs in the private sector to 130,000, up from 110,000 reported.

Reports that the current month, SMEs are the main force employment growth, a total increase of 19. 40,000 jobs, big business has increased by 1. 20,000 jobs, reversing a previous reduced momentum.

From the sector, service sector was the biggest winner in the month released 17 jobs. 80,000, far higher than in October of 130,000; commodity production sector increased by 2. 80,000 jobs, manufacturing increased by 7,000.

Economists say the economy is improving, the data reflected in a holiday season shopping growth and rising consumer confidence. But some analysts pointed out that, according to the usual experience, holiday season temporary employment will increase in the service sectors, jobs can be sustained growth remains to be examination of the economic environment.

In the first few months of this year, United States approximately 200,000 jobs a month, since May, the numbers have hovered at around 100,000, indicates that the job market to recover very vulnerable. At present, the United States unemployment rate is still high 9%, with the United States at all levels of government spending cuts and layoffs, about employment in the private sector have high hopes.
http://news.xinhuanet.com/world/2011-11/30/c_122359007.htm

November 23, 2011 United States Government issued October personal incomes and consumer spending report showed that Americans spending slowdown over the past one month, to adapt to the slow growth in personal income. In October, personal income increased per cent from 0.4%, an increase of more than an expenditure per cent.
　　United States Department of Commerce noted that link only increased 0.1% of October consumer spending, income 0.4% gain its highs since March this year, mainly Americans saving more relevant. According to Thomson Reuters survey, economists had expected October's link will increase 0.3% of consumer spending, income would be increased 0.2%. Per cent from September consumer spending hike to 0.7%, while personal income without correction, still rings up by 0.1%.
In October, personal income and spending growth portfolio reversing recent trends in the two data. Over time, consumers primarily through the use of savings to maintain their purchasing costs. According to a recent United States figures released by the Government, consumer savings rate fell to 4.1% in the third quarter, significantly lower than the second quarter of 5.1%.
October the situation changes, the personal savings rate (the ratio of savings to disposable income) rose to 3.5%, over per cent in September. Consumer spending is the United States largest power sources of economic growth (9.46,-0.34,-3.47%), one of the peak to the United States economy two-thirds. 2.3% consumer spending in the third quarter growth, promoting the United States its best record since 2011 economic growth. But in the third quarter on inflation revised personal income drop 1.7%. United States Government issued new GDP report showed that three per cent from the quarter annualized growth rate of 2%.
It should be noted that is, from a long-term perspective, the pace of consumer spending will match the growth in personal income. Economists pointed out that the recent surge in consumer spending may not be sustainable unless personal income to achieve significant growth, after all, millions of Americans are still saddled with a high level of debt.
Inflation adjusted, October's spending increase per cent from 0.1%, 0.3% real disposable income growth, which increases its highs since May 2010. At the same time, based on personal consumption expenditure price index inflation rate fell slightly in October, the index fell 0.1%, promoting the growth of this index over the past 12 months to 2.7%.
Personal consumption expenditures (PCE), the core price index (excluding the volatile food and energy costs) increased per cent from 0.1%. According to a Reuters survey, economists on this per cent from the average are up by 0.1%. In the past year, core PCE price index increase of 1.7%, per cent, down from September's level. The Fed raised interest rates is usually determined by the core PCE price index also was cut, the Fed's goal is to maintain inflation rates at close to but below the level of 2%.
http://finance.sina.com.cn/stock/usstock/economics/20111123/221010870147.shtml

November 22, 2011 United States Government releases third-quarter GDP revision of report showed that economic growth from a month ago down to 2.5% of. The latter is below the market average. Displays the details of the report, fall in growth related primarily to weaker inventory growth and robust consumer spending means economic output growth will accelerate this quarter.
According to Thomson Reuters survey, economists expected third-quarter GDP to grow by an average of 2.5%. The Commerce Department report showed that although 2% is a lower-than-expected figures, consumer spending remained strong, appears and business inventories fell for the first time since the second quarter of 2009, which will lay the foundations for stronger economic growth in the fourth quarter.
Economic figures released so far showed that four-quarter of the year United States economic growth rates are expected to exceed 3%, hit 18-month high growth since. Although economic growth is significantly reduced, but 2% increase is still better than the weak second-quarter 1.3%. Third-quarter growth rose earlier partly due to some adverse factors began to reverse.
Earlier this year, the sharp rise in gasoline prices has suppressed consumer spending, while in March Japan supply chain disruptions caused by the earthquake and tsunami caused United States auto industry output restricted. Lower third-quarter GDP growth related primarily to business inventories decrease of $ 8.5 billion, business inventories reduced GDP growth 1.55%. According to previously published data, per cent from the Government earlier estimated third-quarter business inventories increased $ 5.4 billion.
Inventory impact on GDP, to some extent offset by strong growth in exports. If excluding the inventory, three quarters of United States GDP growth 3.6%, significantly better than 1.6% in the second quarter. Growth in consumer spending edged down from 2.4% per cent, which related primarily to amendments to the motor fuels and lubricants costs. Nevertheless, 2.3% growth rate remains highest record since the 2010 quarter. At the same time it should be noted that is, United States of weak growth in personal income may limit future consumer spending. Today's GDP report showed that real disposable income in the third quarter decreased by 2.1% after a three-month decline was only 0.5%.
Business investment was also slightly amended, growth down from 16.3% per cent, mainly for non-housing construction, equipment and software investment falling. United States Department of Commerce also said that corporate profit growth 3% in the third quarter, down from 4.3% in the second quarter. Strong export growth in the third quarter than the authorities had previously expected, exports growth released a month ago up to 4% of. At the same time, growth in imports slashed from 1.9% per cent.
International trade push third-quarter GDP growth rate of nearly 0.5%. In addition, the growth rate of housing construction down from 2.4% per cent. Change rate of government expenditure reduced from 0.1% per cent drop, had previously stated from the flat.
Today's GDP also showed that inflationary pressure has dropped. Personal expenses paid price inflation rose to 2.3% in the third quarter, down from 2.4% had previously stated. The exponential growth in the second quarter of 3.3%
http://finance.sina.com.cn/stock/usstock/economics/20111122/221210862673.shtml

© 2011 ny-jp.com, All rights reserved.