Wells Fargo Weekly Economic & Financial Commentary for January 3, 2016

Mixed Data in a Holiday-Shortened Week

  • The latest read on consumer spending was encouraging as personal income grew 0.3 percent in November. This was a bit faster than expected and enough to keep pace with the 0.3 percent increase in real personal spending during the month.
  • The manufacturing sector still faces challenges as the durable goods report showed core capital goods orders and shipments both contracting in the month.
  • Due to the New Year Holiday, release of this publication will resume the first week in January.

Click here to read the full commentary.