Economy in Brief: November 2014

Canada's CPI inflation for October saw headline growth at 2.4% year-over-year with the ex-food and energy measure rising up to 2% year-over-year from 1.9% the month before. Costs of food and shelter advance by 2.8% year-over-year to [...]

The Index of Leading Economic Indicators from the Conference Board increased 0.9% last month (6.8% y/y) following a 0.7% September rise, revised from 0.8%. The index level was the highest since July 2007. Eighty five percent of the [...]

Sales of existing single-family homes rose 1.5% to 5.260 million (AR, +2.5% y/y) in October from 5.180 million in September, a slight revision from 5.170 million reported before. Sales were 2.2% below their recent high in July 2013. [...]

The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for November jumped to 40.8 from 20.7 in October. The figure was the highest since December 1993 and surpassed expectations for [...]

Sales of existing single-family homes rose 2.4% to 5.170 million (AR, -1.7%) during September from an unrevised 5.050 million in August. Sales were 3.9% below the peak reached last July. The latest level beat expectations for 5.10 [...]

Initial claims for jobless insurance during the week ended November 15 held fairly steady at 291,000 versus 293,000 during the prior week, revised from 290,000. The Action Economics Forecast Survey expected 280,000 claims in the [...]

The European Monetary Union has reported out weak readings for November. Its manufacturing gauge slipped and its services gauge fell by one point month-to-month. The overall EMU private sector reading stands at 51.4 in November, down [...]

The consumer price index held steady during October (1.7% y/y) following an unrevised 0.1% September uptick. The figure compared to an expected 0.1% decline in the Action Economics Forecast Survey. Consumer prices excluding food and [...]