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640,000 units SAAR in Nov., a three-month high; downward revisions to Oct. and Sept.
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Month-on-month sales up in the West and the Midwest but down in the Northeast and the South.
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Median sales price declines following two consecutive m/m rises.
- USA| Dec 22 2022
U.S. Leading Economic Indicators Decline in November
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Index falls for ninth straight month.
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Coincident indicators rise minimally.
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Lagging indicators edge higher.
by:Tom Moeller
|in:Economy in Brief
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- USA| Dec 22 2022
U.S. Q3 GDP Growth Revised Up Further in Third Estimate
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The second estimate of a 2.9% q/q saar increase in real GDP in Q3 was revised up to 3.2%.
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Upward revision spread across domestic demand components; inventories a larger drag.
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Corporate profits revised to unchanged in Q3 from initially reported 1.1% q/q decline, led by big upward revision to domestic profits.
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Quarterly rise in GDP price index revised up a tick to 4.4% from 4.3%.
by:Sandy Batten
|in:Economy in Brief
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Upward trend in claims is broken.
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Continued weeks claimed slip.
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Insured unemployment rate steadies.
by:Tom Moeller
|in:Economy in Brief
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- USA| Dec 22 2022
Kansas City Fed Manufacturing Index in Negative Territory for the Third Straight Month in December
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Index declines to -9 in Dec., lowest since May '20, from -6 in Nov., w/ new orders (-17), production (-13) and shipments (-1) in negative territory.
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Employment falls to a zero reading, its lowest level since Nov. '20.
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Price pressures ease somewhat, w/ the prices paid index for raw materials dropping to the lowest level since Jul. '20.
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Expectations for future activity improve slightly.
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- USA| Dec 21 2022
U.S. Existing Home Sales & Prices Continue to Fall in November
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Sales weaken to lowest level since May 2020.
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Decline continues throughout the country.
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Prices slide to nine-month low.
by:Tom Moeller
|in:Economy in Brief
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- USA| Dec 21 2022
U.S. Current Account Deficit Narrows in Q3'22
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Deficit is smallest in five quarters.
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Goods deficit narrows sharply as exports grow & imports fall.
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Services surplus continues to grow.
by:Tom Moeller
|in:Economy in Brief
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- USA| Dec 21 2022
U.S. Mortgage Applications Up for the Second Week After Two Consecutive Weekly Declines
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Applications for loans to purchase edge down in the week of December 16.
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Applications for refinancing a loan rise for the third straight week.
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Mortgage rates fall for fixed-rate loans, Jumbos and ARMs; their lowest rates since September.
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