| Monday, November 27, 2017 |
| Today's Economy
Economic Roundup: U.S. Housing Market Shows More Signs of Strength New-home sales came in above expectations in October. U.S. New-Home Sales Blow Past Expectations Hurricanes and low mortgage rates are boosting new-home sales. Economic Briefing: U.S. New-Home Sales Return to Softness September sales were strong; hurricane payback likely provided a boost. October will be weaker. Thoughts on Australia's Weak Wages There's more to it than waiting for the labour market to tighten. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Chartbook: Hope in Existing-Home Sales October sales were weaker than expected but offer upside in November and December. Asia-Pacific Weekly Highlights and Preview, 24 November, 2017 External demand belies Japan's fragile domestic economy. Latin America Economic Preview: 27 November-1 December Brazil's recovery gains strength. U.S. Weekly Highlights and Preview, November 22, 2017 September's gain in new-home sales likely won’t stick. » VIEW MORE COMMENTARY
Today's Economic Indicators
Hong Kong
Foreign Trade
Oct. 2017: -HK$44 bil
Hong Kong's trade balance rose to -HK$44 billion in October after a -HK$44.7 billion result in September. Italy
Consumer and Business Confidence
Nov. 2017: 108.8
After three consecutive months of growth, Italy’s business confidence retreated a bit. Germany
Ifo Business Climate Index
Nov. 2017: 117.5
The German Ifo Business Climate Index gained further in November, rising to 117.5 after recovering to 116.8 in October, and reaching a new record high. Mexico
Trade Balance
Oct. 2017: -US$2,066.0 mil
The trade balance remained in negative territory in October as imports advanced further. World
Moody's Analytics Survey of Business Confidence
November 24: 34.8
Global business sentiment improved sharply last week, although the increase is likely overstated given the low response rate to the survey because of the Thanksgiving holiday in the U.S. United States
New-Home Sales
Oct. 2017: 685,000
New-home sales picked up in October, increasing 6.2% from the revised September total and increasing 18.7% from October 2016. New-home sales in all four census regions were up for the month and year over year as well. Inventory also increased but failed to keep up with transactions, so the market is now tightening. United States
Texas Manufacturing Outlook Survey
Nov. 2017: 19.4
Manufacturing conditions remained strong in November. » VIEW MORE ECONOMIC INDICATORS |
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