Moody’s Cuts China Outlook as Prospects Wither
Moody's has downgraded the outlook on China's sovereign debt from "stable" to "negative." For the time being, its senior unsecured debt will keep its Aa3 rating.
Economy
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Mixed Manufacturing Data in ISM and PMI
Tuesday's economic reports brought a mixed view on the manufacturing segment in the United States.
New Construction Spending Rises Sharply in January
The U.S. Census Bureau reported Tuesday morning that construction spending in January increased by 1.5%.
Manufacturing Remains in Contraction in Texas
Manufacturing activity in the oil-rich state of Texas is running well under par and remains in contraction, according to the Federal Reserve Bank of Dallas.
Chicago PMI in February 2016 Worst Since Late 2009
Monday's economic calendar was not loaded up that high, but the Chicago Purchasing Managers Index was released with a dismal reading on the headline report.
Credit Trends Look Mostly Flat in February
The National Association of Credit Management has released its Credit Managers Index for February, showing that the combined totals of this index were more or less unchanged.
Canada Is America’s Favorite Country
Canada is America's favorite country, according to Gallup research, perhaps because the relationship between the two countries is so benign.
West Virginia Jobless Rate 6.7% in 2015
The jobless rate in West Virginia for 2015 was 6.7%, according to the Bureau of Labor Statistics.
North Dakota Has 2.7% Jobless Rate in 2015
While it is likely to go much higher this year because of the collapse of the oil industry, North Dakota boasted the lowest 2015 unemployment rate in the United States.
Consumer Confidence Holds Up, but Not in Expectations
The University of Michigan announced that the Index of Consumer Sentiment for February 2016 was still lower than the prior month at 91.7.
Personal Income and Spending Act as Offsets
Friday's economic reports showed that personal income, disposable personal income and consumer spending all rose by 0.5% in January.
GDP Upward Revision Marred by Unfavorable Data
Is it possible that the negative flow of economic readings in late 2015 and the start of 2016 are not as bad as most economists and investors were led to believe?
Kansas City Fed Manufacturing Back at 2009 Levels
Manufacturing activity in the Fed's Tenth District declined further in February and the drop was led by energy-related firms.
Weekly Jobless Claims Not Moving Any Serious Lines
The U.S. Department of Labor reported that weekly jobless claims were at 272,000 in the week ending February 20. Its report from a week ago was 262,000. The consensus estimate from both Bloomberg and…
Durable Goods Prove Quite Durable for January
Thursday's economic reports were dominated by an unusually strong report on durable goods in January.