Philadelphia Fed’s manufacturing index drops in November

Nov 16, 2017 20:54 pm UTC| Commentary

The Philadelphia Feds manufacturing index dropped in November to 22.7 from Octobers 27.9, widely consistent with consensus expectations of 24.6. Within the subcomponents, prices paid rose modestly higher to 39 from 38.1...

U.S. NAHB housing market index rises in November

Nov 16, 2017 20:32 pm UTC| Commentary

The U.S. NAHB housing market index of homebuilder sentiment rose in the month of November. The index rose from Octobers 68 to 70 in November. The rebound was against consensus expectations for a slight easing in the index...

Euro area inflation weakens in October, likely to decelerate to just 1 pct at start of 2018

Nov 16, 2017 19:53 pm UTC| Commentary

The euro area inflation for the month of October came in weak. The headline inflation rate dropped 0.1 percentage point from last month to 1.4 percent year-on-year. Services inflation decelerated to 1.2 percent, while...

U.S. industrial production grows sharply in October on rise in manufacturing production

Nov 16, 2017 19:13 pm UTC| Commentary

U.S. industrial production rose sharply in October, growing 0.9 percent sequentially. The surge was driven by manufacturing production, which grew 1.3 percent. The print came in above consensus expectations of 0.5 percent....

U.S. import prices rise below expectations in October

Nov 16, 2017 18:23 pm UTC| Commentary

Import prices in the U.S. rose 0.2 percent sequentially in October, while export prices rose just 0.1 percent. Both the prints were below the consensus expectations. The slowdown at the headline level was not surprising....

Canada’s manufacturing sales rise sequentially in September

Nov 16, 2017 17:31 pm UTC| Commentary

Canadas manufacturing sales rose on a sequential basis in September. Sales were up 0.5 percent, as compared with market expectations for a decline of 0.5 percent. Volumes also rose in the month, up 0.7 percent...

Initial jobless claims rise in U.S., insured jobless rate falls to 1.3 pct

Nov 16, 2017 16:10 pm UTC| Commentary

Initial jobless claims in the U.S. rose in the week ended 11 November. The claims increased by 10,000 to 249k, as compared with consensus expectations of a modest decline to 235k. The four-week moving average rose 7k, to...