Today's Economy Economic Roundup: A Promising Sign for the U.S. Housing Market Starts came in noticeably better than either we or the consensus expected. U.S. Q4 Looking a Little Better, Q3 a Touch Worse Growth is now tracking 2.8% in the current quarter, while third quarter GDP is down to 3.3%. Our Australia GDP Tracker Fills a Void The bureau of statistics is struggling with timeliness and accuracy following budget cut. Housing Starts Jump in October The trend has barely budged. » VIEW MORE TODAY'S ECONOMY
Commentary Fiscal Rule or a Fiscal Council for Mexico? The rule is stricter, the council is softer. The Anatomy of a NAFTA Deal Talks among the U.S. Mexico and Canada have hit a stumbling block, but a new agreement with small changes is likely. Europe Weekly Highlights and Preview, 17 November, 2017 The second estimate of the U.K.’s third quarter GDP should also bring an expenditure breakdown of growth. U.S. Employment Outlook: Millions on the Sidelines The continued nonparticipation of many prime-age workers is troubling. » VIEW MORE COMMENTARY
Today's Economic Indicators
World Moody's Analytics Global CPI Oct. 2017: 0.4% Global inflation is gradually accelerating, but some of the recent gains are likely attributed to higher oil prices, which may be only a temporary support. Canada Consumer Price Index Oct. 2017: 1.4% The recent acceleration in consumer price inflation hit a speed bump in October. United States New Residential Construction (C20) Oct. 2017: 1.290 mil Housing starts in October regained some of the ground lost in August and September. United States Regional and State Employment Oct. 2017: There were no big surprises in the latest regional and state labor market results for October, which, similar to the national results, show the unwinding of the hurricane effects in the prior month and strong, tight labor market conditions early in the fourth quarter. United States Internet Sales (E-Commerce Sales) 2017Q3: $115.3 bil Internet sales are on a roll. United States MBA Delinquency Rates 2017Q3: 4.88% Mortgage delinquency rates increased during the third quarter, rising from a seasonally adjusted 4.24% to 4.88% of active loans, a 64-basis point uptick from the prior quarter and a 36-basis point rise from the same period a year ago. United States Quarterly Services Survey 2017Q3: The report bodes well for revisions to the third quarter consumer spending. United States ECRI Weekly Leading Index November 10: 145.6 The U.S. economy remains healthy, and prospects are good for the months ahead. United States Kansas City Fed Manufacturing Survey Nov. 2017: 16 Manufacturing activity in the Kansas City Federal Reserve District measured a slower, albeit still strong, expansion in November. United States CreditForecast.com Household Credit Report Oct. 2017: 4.5% Total U.S. household borrowing grew 4.53% year-over-year in October, up 8 basis points from 4.45% in September. » VIEW MORE ECONOMIC INDICATORS |