Even though there was hardly anyone trading this past week, there were 18 economic indicators released. Below is a table highlighting these 18 releases along with how they came in versus consensus economist expectations.
Of the 18 reports released, 2 were inline, 8 came in better than expected, and 8 came in weaker than expected. The Consumer Confidence and Michigan Confidence numbers along with Thursday's GDP report were the most positive for the economy, while weak Durable Goods, Pending Home Sales and Personal Income/Spending were the most negative.
Even though next week is a 4-day trading week, it will be a busy one on the economic front. As shown below, there are 25 indicators set for release, and Friday's monthly employment numbers will be by far the most closely followed. We'll be keeping a close eye on the ISM Manufacturing and ISM Non-Manufacturing reports as well. Buckle up, because once Labor Day passes, things are going to speed up quickly.