• State initial claims declined to their lowest level since mid-March on both a seasonally adjusted and not seasonally adjusted basis. • Federal Pandemic Unemployment Assistance new filers rose for second week. • Continuing claims [...]
- Global| Oct 29 2020
U.S. Mixed Jobless Claims Data: State Improving: PUA Worsening
- Global| Oct 28 2020
French Consumer Confidence Slips
The French household sector assessment edged lower in October as it fell to 94.0 from September's 95.3 reaching its lowest level since May 2020. Confidence has a ranking in its lower 41.1 percentile on data back to 2000, marking [...]
- Global| Oct 28 2020
U.S. Mortgage Applications Rebound as Rates Slip
• Led by 2.5% w/w jump in refinancing applications. • Purchase applications were essentially unchanged. • Fixed mortgage interest rates generally declined with the Jumbo rate falling to a new record low. The Mortgage Bankers [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Oct 28 2020
U.S. Goods Trade Deficit Narrows in September from Record Gap
• Trade deficit decreased to $79.4 billion in September from a record $83.1 billion. • Exports grew by 2.7% while imports declined 0.2%. • Exports still 11.4% below February 2020 level. Imports up 2.4%. The advance estimate of the [...]
- Global| Oct 27 2020
Globally Money and Credit Growth Slow
Money and credit trends have become somewhat complicated. In the table below, money and credit growth broadly decelerate over three months compared to six months. But year-on-year growth compared to its 2-year pace has accelerated [...]
- Global| Oct 27 2020
U.S. Consumer Confidence Eases in October, Disappointing Expectations
• Confidence backpedals m/m but rises sharply from recession low. • View of present conditions continues to strengthen; expectations deteriorate. • Confidence again rises amongst all age brackets. The Conference Board's consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2020
U.S. Durable Goods Orders Post Surprising Increase in September
• The factory sector continues to strengthen. • Business investment leads the improvement. • Shipments rise modestly; orders backlogs ease. Manufacturers' orders for durable goods strengthened 1.9% (-1.9% y/y) during September [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 27 2020
U.S. FHFA House Price Index Posts Record Monthly Increase
• FHFA home price index jumped up 1.5% m/m, a record dating back to 1991. • Prices up 8.0% y/y, the fastest annual pace of increase since 2006. • Significant monthly price gains across the country. The Federal Housing Finance Agency [...]
by:Sandy Batten
|in:Economy in Brief
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