Weekly Indicators: consumer expansion, industrial recession redux edition

Monthly data for September started with good news and bad news. Motor vehicle sales had their best month in about 10 years, and one of their 10 best months ever. Consumer confidence soared. Jobs growth, on the other hand, was weakly positive, with plenty of negative internal data. The ISM manufacturing index just barely remained positive.

August data included positive personal income and spending, positive construction spending, and negative factory orders.