Economy in Brief: November 2019

GDP in the euro area and for most members finalized for the third quarter. Three members out of eight saw weaker growth quarter-to-quarter. While four saw GDP’s year-on-year growth decelerate. Rounded to one decimal place, growth in [...]

The Producer Price Index for final demand rose 0.4% during October (1.1% y/y) and reversed the 0.3% September decline. A 0.3% gain had been expected in the Action Economics Forecast Survey. Producer prices excluding food & energy rose [...]

Initial applications for unemployment insurance rose to 225,000 (+0.3% y/y) during the week ended November 9 from 211,000 in the prior week, which was unrevised. The latest week is hardly a large number, but it is the highest since [...]

The U.S. Treasury Department reported that the federal government ran a $134.5 billion budget deficit during October compared to a $100.5 billion deficit twelve months earlier. Budget receipts fell 2.8% y/y while outlays rose 7.6% [...]

EMU area IP ticked up by the smallest amount in September, rising by 0.1% after August's 0.4% gain. Still, in the just completed quarter, IP is falling at a 3.5% annual rate. Manufacturing output is up for two months running by 0.4% [...]

The Mortgage Bankers Association reported that its Mortgage Loan Index strengthened 9.6% (79.5% y/y) in the week ending November 8 after easing 0.1% w/w in the previous week. Purchase applications increased 5.1% w/w (14.8% y/y) and [...]

The Consumer Price Index increased 0.4% (1.8% y/y) during October following stability in September. It was the largest increase since March. Expectations had been for a 0.3% rise in the Action Economics Forecast Survey. The CPI [...]

Retail gasoline prices edged higher to $2.62 per gallon last week (-2.6% y/y) from $2.61 in the previous week. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. The seasonally-adjusted [...]