| Today's Economy
Economic Roundup: Good News for Third Quarter U.S. GDP Construction spending bested expectations in September. Venezuela Imports Continue to Fall The decline in oil export revenues represents the main factor behind the sharp contraction. U.S. Construction Spending Suggests Shift in Mix of Growth With Q3 GDP tracking 3.1%, business investment will be weaker than initially reported while government spending will be revised higher. Markets Brace for a BoE Rise in Rates We expect a 25-basis point hike, but it won’t be the first of many. » VIEW MORE TODAY'S ECONOMY
Commentary
Divergent Trends in U.S. Tech Sector employment moves higher, and qualified workers get harder to find. Q&A: Where Should Amazon Locate Its Second HQ? We answer questions about our data-driven approach to the tech giant's headquarters search. U.S. Chartbook: Nothing if Not Inconsistent Despite the solid growth in GDP, the details were less impressive. U.S. Consumer Debt Use Rebounding Patterns of debt usage over the past few years suggest some additional growth ahead. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
Moody's CMBS Delinquency Tracker
Sep. 2017: 6.56%
The Moody’s Delinquency Tracker total delinquency rate fell 10 basis points in September, to 6.56%. United States
Vehicle Sales - AutoData
Oct. 2017: 18.1 mil, SAAR
At a seasonally adjusted annualized rate of 18.1 million units, October new-vehicle sales retreated only 2.6% from the 12-year high set in September and were still 1.2% higher than sales in October 2016. United Kingdom
Nationwide Housing Price Index
Oct. 2017: 2.5%
The Nationwide Housing Price Index gained 2.5% y/y in October, up from a 2.3% increase in September and above the consensus at 2.2%. Germany
Lending by Banks
Sep. 2017: 4.1%
German bank lending to the private sector rose further in September. Russian Federation
Reserve Fund
Nov. 2017:
United States
MBA Mortgage Applications Survey
October 27: -2.6%
Mortgage applications fell last week, the second weekly decline. Peru
Consumer Price Index
Oct. 2017:
Brazil
Industrial Production
Sep. 2017: 3.1%
The national industry continued to gain strength in September, helping to pull the economy up. United States
ADP National Employment Report
Oct. 2017: 235,000
The job market remains strong, despite disruptions caused by recent hurricanes. United States
Semiconductor Billings
Sep. 2017: 2.8%
The third quarter ended on a high note. Brazil
Foreign Trade
Oct. 2017: US$5.20 bil
Brazil’s trade balance barely budged from September to October. United States
Construction Spending (C30)
Sep. 2017: 0.3%
Construction spending in September increased at a seasonally adjusted rate of 0.3% from August, well above the consensus estimate of a small decline. Total spending was 2% higher than in September 2016. The increase was powered by a sharp increase in public construction spending, which rose 2.6% from August. Private construction spending fell 0.4% from August and residential spending was unchanged. United States
ISM Manufacturing Index
Oct. 2017: 58.7
U.S. manufacturing conditions remain solid even though the ISM manufacturing index came in weaker than either we or the consensus expected in October. United States
Oil Inventories
October 27: 454.9 mil barrels
A larger than expected decline in crude oil inventories will put upward pressure on prices. United States
FOMC Monetary Policy
Nov. 2017: 1.00 - 1.25 %
This is as uneventful as it gets. Australia
Foreign Trade
Sep. 2017:
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