Canadian existing home sales rises in November, sales hit their highest monthly level in over six years

Dec 15, 2015 17:54 pm UTC| Commentary Economy

Canadian existing home sales rose 1.8% in November and are now 10.9% higher than a year ago according to data by the Canadian Real Estate Association (CREA). CREA noted that sales hit their highest monthly level in over...

UK Inflation rebounds back into positive territory in November

Dec 15, 2015 17:07 pm UTC| Commentary

CPI was unchanged on the month and increased by 0.1% in November. Movements in transport costs and alcohol and tobacco prices were the main contributors to the rise. Core inflation, excluding energy and food prices,...

US Core inflation remains strong in November, services inflation continues to improve

Dec 15, 2015 16:52 pm UTC| Commentary

Consumer prices came in line with expectation in November, as falling energy prices offset price increases elsewhere. Core CPI (excluding food and energy) was up 0.2%, as expected. On a year-over-year basis, overall...

US inflation pressures continue to mount despite the stronger USD and lower oil prices

Dec 15, 2015 16:18 pm UTC| Commentary Economy

Todays CPI report showed more signs that domestic inflation pressures continue to mount, despite the stronger USD and lower oil prices. As the impact of the stronger USD and the slump in energy prices begins to wane next...

November US CPI shows continued tug-of-war between core services and core goods

Dec 15, 2015 15:50 pm UTC| Commentary

In the November US CPI inflation report, headline inflation was flat on the month and up 0.5% y/y and core inflation was up 0.2% m/m and 2.0% y/y. Both series were in line with forecast. The NSA index level at 237.336 was...

Empire State manufacturing index stays negative for the fifth straight month

Dec 15, 2015 15:42 pm UTC| Commentary

The Empire State manufacturing index jumped to -4.6 in December, coming in modestly above forecast and consensus expectations of -7.0, but continues to be negative territory for the fifth straight month. Shipments...

Canadian manufacturing sales point to a weak fourth quarter

Dec 15, 2015 15:33 pm UTC| Commentary

Canadian manufacturing sales declined again in October, falling 1.1%. This print comes on the heels of a 1.5% decline in September, and marks the third consecutive monthly decrease. In real terms, sales were down 1%,...