Economy in Brief: November 2019

The euro area PPI was weak again in September with the headline series (excluding construction) fall after falling by 0.5% a month ago. The 12-month change marks a decline of 1.3% and is weakest showing for the PPI in three years. Is [...]

The Bureau of Labor Statistics reported that the total job openings rate fell to 4.4% during September from 4.6% in August, revised from 4.4%. It remained below the 4.8% record in January. The job openings rate is the job openings [...]

The U.S. trade deficit in goods and services declined to $52.45 billion in September from a little-revised $55.04 billion in August. A $52.5 billion deficit had been expected in the Action Economics Forecast Survey. Exports eased 0.9% [...]

The Composite Index of Nonmanufacturing Sector Activity from the Institute for Supply Management (ISM) increased more than expected to 54.7 during October from 52.6 in September. August's reading was 56.4. Despite October's rise, the [...]

Retail gasoline prices ticked up to $2.61 per gallon last week (-5.4% year-on-year) from $2.60 in the previous week, Gasoline prices have been range-bound since early August. Haver Analytics constructs factors adjusting for the [...]

EMU manufacturing IP is declining in step with weakness in the manufacturing PMI The Markit manufacturing flash indexes are now replaced with their final gauges. Manufacturing in the EMU is slightly less weak than in its flash but it [...]

Factory orders fell 0.6% (-3.5%) in September following an unrevised 0.1% August dip. A 0.5% decline had been expected in the Action Economics Forecast Survey. Orders for durable goods fell 1.2% (-5.5% y/y), revised from the advance [...]

The value of construction put-in-place improved 0.1% (-1.9% y/y) during August........... The construction spending figures, some of which date back to 1946, are in Haver's USECON database. The expectations reading can be found in the [...]