By the numbers: The economy this week

Update for January 13, 2020

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

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economy

  • The trade deficit narrowed in November, according to the Census Bureau.
  • Factory orders decreased 0.7% in November, the Census Bureau reported.
  • Durable goods orders fell 2.1% in November, the Census Bureau stated.

employment

  • Initial jobless claims fell by 9,000 to 214,000 in the week ended January 4, 2020, according to the Labor Department.
  • The United States added 145,000 jobs in December and the unemployment rate remained unchanged at 3.5%, the Bureau of Labor Statistics reported.

profits

  • As of January 7, 2020, fourth-quarter dividends of U.S. stocks increased to $10.6 billion, up from $7.4 billion a year earlier, according to S&P Dow Jones Indices. Total S&P 500 Index quarterly dividend payments increased 5.5% year over year in the fourth quarter.

emotion

  • Eurozone investor sentiment increased in January, according to the Sentix index of investor morale.

europe

  • The Markit Eurozone Composite PMI Output Index inched up to 50.9 in December from 50.6 in November.
  • Eurostat reported that industrial producer prices increased 0.2% in the euro area in November.
  • Euro area retail trade advanced 1.0% in November, according to Eurostat.
  • Euro area annual inflation rose to 1.3% in November from 1.0% in November, Eurostat stated.

rates

  • The yield on the 10-year U.S. Treasury note traded in a range.

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.

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.

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