Economy in Brief: November 2019

Manufacturers' orders for durable goods declined 1.1% (-5.4% y/y) during September...... The durable goods figures are available in Haver's USECON database. The Action Economics consensus forecast figure is in the AS1REPNA database. [...]

The Chicago Business Barometer fell sharply to 43.2 during October........ The MNI Chicago Report is produced by MNI in partnership with ISM-Chicago. The survey covers a sample of over 200 purchasing professionals in the Chicago area [...]

Initial claims for unemployment insurance declined 15,000 to 213,000 (-9.0% year-on-year) during the week ending November 23. The previous week was revised slightly higher to 228,000 (was 227,000). The late Thanksgiving holiday may [...]

Personal consumption expenditures rose 0.3% (3.7% y/y) during October after an unrevised 0.2% September rise. The increase matched expectations in the Action Economics Forecast Survey. In constant dollars, spending edged 0.1% higher [...]

The Chicago Purchasing Managers Business Barometer rose less than expected to 46.3 in November reversing some of October’s decline to 43.2, which was the lowest level in four years. September’s value was 47.1. All of these readings [...]

U.S. pending home sales decreased 1.7% (+4.4% y/y) in October, according to the National Association of Realtors (NAR). This followed a 1.4% increase in September, which was revised from 1.5%. The October index level of sales was [...]

The National Association of Realtors (NAR) reported that U.S. pending home sales rose 1.5% (3.9% y/y) during September (Index 108.7 in Sept)....... The pending home sales index measures sales at the time the contract for the sale of [...]

Economic growth during Q3'19 was revised higher to 2.1% (2.1% y/y) from the advance estimate of a 1.9% rise. An unrevised reading of 1.9% rise had been expected in the Action Economics Forecast Survey. The increase roughly matched the [...]