By the numbers: The economy this week

Update for October 14, 2019   |   Download PDF

Highlights of key economic statistics from last week compiled by Putnam Investments.

economy

  • The CPI remained stable in September while core CPI increased 0.1%, the Bureau of Labor Statistics found.
  • The Producer Price Index for final demand decreased 0.3% in September, the Bureau of Labor Statistics reported.
  • The Federal Reserve noted that consumer credit increased at an annual rate of 5.25% in August.

employment

  • Initial jobless claims decreased by 10,000 to 210,000 in the week ended October 5, 2019, according to the Labor Department.

profits

  • As of October 2, 2019, of the 22 S&P 500 Index companies reporting third-quarter earnings, 18 beat analysts' estimates, according to S&P Dow Jones Indices.

emotion

  • The NFIB Small Business Optimism Index dipped in September.
  • The University of Michigan's index of consumer sentiment rose to 96.0 in October from 93.2 in September.

europe

  • Germany's Federal Statistical Office noted that industrial production increased 0.3% in August.
  • Factory orders slipped 0.6% in August, according to Germany's Federal Statistical Office.
  • The United Kingdom's Office for National Statistics noted that GDP grew 0.3% in the three months to August.

rates

  • The yield on the 10-year U.S. Treasury note rose.
  • For future rate adjustments, Federal Reserve policy makers in September agreed that they would assess "realized and expected economic conditions" relative to its employment and inflation objectives.

risks

  • The cumulative effect of tariffs and low corporate confidence will increase pressure on global manufacturing.
  • Brexit, Italian debt dynamics, and a fragile European banking system risk tipping Europe back into recession.
  • Weak stimulus in China thus far is showing little sign of slowing the pace of deceleration.

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All economic and performance information is historical and does not guarantee future results. The views and opinions expressed are those of Putnam Investments, are subject to change with market conditions, and are not meant as investment advice.