Nov 10 2014
The ISM index grew a strong 2.4 points to 59.0 in October. Vehicle sales grew at a 16.5 million unit annual pace in October. Construction spending declined 0.4% in September. The U.S. international trade deficit widened $3.0 billion to $43.0 billion in September. Factory orders fell 0.6% in September. The ISM services index slowed to 57.1 in October. Nonfarm productivity growth for the 3rd quarter increased an annualized 2.0% while unit labor costs increased 0.3%. The economy added 214,000 nonfarm payroll jobs in October while the unemployment rate ticked down to 5.8%. Consumer credit increased $15.9 billion (0.5%) in September to $3.627 trillion. Initial jobless claims fell 10,000 to 278,000 for the week ended 11/1.