Recent Market MetricsCurrentPrevious 
Canada Unemployment Rate
fell
to 5.6% in Nov, down from 5.8% in Oct
5.6%
5.8%
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The Canadian unemployment rate is reported monthly by Statistics Canada.
07-Dec-18 8:43 AM ET - Statistics CanadaNext: 04-Jan-19
US Unemployment Rate
remained at
3.7% in Nov
3.7%
3.7%
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Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rateremained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Jobgains occurred in health care, in manufacturing, and in transportation and warehousing.

Household Survey Data

In November, the unemployment rate was 3.7 percent for the third month in a row, and thenumber of unemployed persons was little changed at 6.0 million. Over the year, theunemployment rate and the number of unemployed persons declined by 0.4 percentage pointand 641,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.3 percent),adult women (3.4 percent), teenagers (12.0 percent), Whites (3.4 percent), Blacks(5.9 percent), Asians (2.7 percent), and Hispanics (4.5 percent) showed little or nochange in November. (See tables A-1, A-2, and A-3.)
07-Dec-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 04-Jan-19
US NonFarm Payroll
rose
155,000 in Nov
155,000
237,000
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Total nonfarm payroll employment increased by 155,000 in November, and the unemployment rateremained unchanged at 3.7 percent, the U.S. Bureau of Labor Statistics reported today. Jobgains occurred in health care, in manufacturing, and in transportation and warehousing.

Household Survey Data

In November, the unemployment rate was 3.7 percent for the third month in a row, and thenumber of unemployed persons was little changed at 6.0 million. Over the year, theunemployment rate and the number of unemployed persons declined by 0.4 percentage pointand 641,000, respectively. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men (3.3 percent),adult women (3.4 percent), teenagers (12.0 percent), Whites (3.4 percent), Blacks(5.9 percent), Asians (2.7 percent), and Hispanics (4.5 percent) showed little or nochange in November. (See tables A-1, A-2, and A-3.)
07-Dec-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 04-Jan-19
EU GDP
grew
at an annualized rate of 3.1% in Q3, the least in 18 mos
3.1%
3.5%
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Preliminary:
European Union gross domestic product (GDP) is published by the Europan Central Bank at market prices. It is a measure of the economic activity, defined as the value of all goods and services produced less the value of any goods or services used in their creation. The calculation of the annual growth rate of GDP volume is intended to allow comparisons of the dynamics of economic development both over time and between economies of different sizes.
07-Dec-18 8:18 AM ET - ECBNext: 31-Jan-19
30-Yr Fixed Mortgage Rate
fell
to 4.75% on Dec 6, down from 4.81% on Nov 29
4.75%
4.81%
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  • 30-year fixed-rate mortgage (FRM) averaged 4.75 percent with an average 0.5 point for the week ending December 6, 2018, down from last week when it averaged 4.81. A year ago at this time, the 30-year FRM averaged 3.94 percent.
  • 15-year FRM this week averaged 4.21 percent with an average 0.4 point, down from last week when it averaged 4.25 percent. A year ago at this time, the 15-year FRM averaged 3.36 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.07 percent with an average 0.3 point, down from last week when it averaged 4.12. A year ago at this time, the 5-year ARM averaged 3.36 percent.
06-Dec-18 10:08 AM ET - Freddie MacNext: 13-Dec-18
Durable Goods Total New Orders
fell
4.3% in Oct, revised from -4.4%, the largest drop in 15 mos
-4.3%
-0.1%
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Full Report:
New orders for manufactured durable goods in October decreased $11.5 billion or 4.4 percent to $248.5 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.1 percent September decrease. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.2 percent. Transportation equipment, down following two consecutive monthly increases, drove the decrease, $11.7 billion or 12.2 percent to $84.7 billion.
06-Dec-18 10:08 AM ET - USCBNext: 21-Dec-18
15-Yr Fixed Mortgage Rate
fell
to 4.21% on Dec 6, down from 4.25% on Nov 29
4.21%
4.25%
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  • 30-year fixed-rate mortgage (FRM) averaged 4.75 percent with an average 0.5 point for the week ending December 6, 2018, down from last week when it averaged 4.81. A year ago at this time, the 30-year FRM averaged 3.94 percent.
  • 15-year FRM this week averaged 4.21 percent with an average 0.4 point, down from last week when it averaged 4.25 percent. A year ago at this time, the 15-year FRM averaged 3.36 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.07 percent with an average 0.3 point, down from last week when it averaged 4.12. A year ago at this time, the 5-year ARM averaged 3.36 percent.
06-Dec-18 10:08 AM ET - Freddie MacNext: 13-Dec-18
Capital Goods Core Capex
were flat
in Oct, unrevised from previous estimate
0.0%
-0.5%
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Full Report:
New orders for manufactured durable goods in October decreased $11.5 billion or 4.4 percent to $248.5 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 0.1 percent September decrease. Excluding transportation, new orders increased 0.1 percent. Excluding defense, new orders decreased 1.2 percent. Transportation equipment, down following two consecutive monthly increases, drove the decrease, $11.7 billion or 12.2 percent to $84.7 billion.
06-Dec-18 10:08 AM ET - USCBNext: 21-Dec-18
5-Yr ARM
fell
to 4.07% on Dec 6, down from 4.12% on Nov 29
4.07%
4.12%
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  • 30-year fixed-rate mortgage (FRM) averaged 4.75 percent with an average 0.5 point for the week ending December 6, 2018, down from last week when it averaged 4.81. A year ago at this time, the 30-year FRM averaged 3.94 percent.
  • 15-year FRM this week averaged 4.21 percent with an average 0.4 point, down from last week when it averaged 4.25 percent. A year ago at this time, the 15-year FRM averaged 3.36 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.07 percent with an average 0.3 point, down from last week when it averaged 4.12. A year ago at this time, the 5-year ARM averaged 3.36 percent.
06-Dec-18 10:08 AM ET - Freddie MacNext: 13-Dec-18
Initial Unemployment Claims
fell
1.7% for the week ending Dec 1, to 231,000
231,000
235,000
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In the week ending December 1, the advance figure for seasonally adjusted initial claims was 231,000, a decrease of

4,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 234,000 to

235,000. The 4-week moving average was 228,000, an increase of 4,250 from the previous week's revised average. The
06-Dec-18 8:33 AM ET - US Dept of LaborNext: 13-Dec-18
US Productivity
increased
at an annualized rate of 2.3% in Q3, revised from 2.2%
2.3%
2.9%
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Third Quarter 2018, Revised Nonfarm business sector labor productivity increased 2.3 percent during the third quarter of 2018, the U.S. Bureau of Labor Statistics reported today, as output increased 4.1 percent and hours worked increased 1.8 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2017 to the third quarter of 2018, productivity increased 1.3 percent, reflecting a 3.7-percent increase in output and a 2.3-percent increase in hours worked. (See tables A1 and 2.)

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked by all persons, including employees, proprietors, and unpaid family workers.
06-Dec-18 8:33 AM ET - U.S. Bureau of Labor StatisticsNext: 06-Feb-19
ADP NonFarm Payroll
rose
179,000 in Nov
179,000
225,000
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Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute in collaboration with Moody's Analytics. The report, which is derived from ADP's actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.
06-Dec-18 8:18 AM ET - ADPNext: 03-Jan-19
Mortgage Application Volume
rose
2.0% for the week ending Nov 30
2.0%
5.5%
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WASHINGTON, D.C. (December 5, 2018) - Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 30, 2018. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday.

The Market Composite Index, a measure of mortgage loan application volume, increased 2.0 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 42 percent compared with the previous week. The Refinance Index increased 6 percent from the previous week. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index increased 36 percent compared with the previous week and was 0.2 percent higher than the same week one year ago.

"Treasury rates continued to slide last week, driven mainly by concerns over slowing global economic growth and U.S. and China trade uncertainty. The 30-year fixed-rate fell for the third week in a row to 5.08 percent and has declined a total of nine basis points over this span," said Jl Kan, MBA's Associate Vice President of Economic and Industry Forecasting. "Application activity increased over the week for both purchase and refinance loans, and were 10 percent and 7 percent higher, respectively, than the week before the Thanksgiving holiday. Additionally, we saw a decrease in the average loan size for purchase applications to the lowest since December 2017 ($298,000 from $313,000). This is perhaps an indication that there are fewer jumbo borrowers, or maybe first-time buyers are having better success reaching the market as we close out the year."

The refinance share of mortgage activity increased to 40.4 percent of total applications from 37.9 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 7.4 percent of total applications.

The FHA share of total applications increased to 10.2 percent from 9.6 percent the week prior. The VA share of total applications increased to 10.0 percent from 9.9 percent the week prior. The USDA share of total applications decreased to 0.6 percent from 0.7 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) decreased to 5.08 percent from 5.12 percent, with points decreasing to 0.44 from 0.46 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) increased to 4.89 percent from 4.88 percent, with points decreasing to 0.30 from 0.31 (including the origination fee) for 80 percent LTV loans. The effective rate remained unchanged from lastweek.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 5.05 percent from 5.11 percent, with points decreasing to 0.62 from 0.63 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 4.50 percent from 4.53 percent, with points increasing to 0.60 from 0.51 (including the origination fee) for 80 percent LTV loans. The effective rate remained unchanged from last week.

The average contract interest rate for 5/1 ARMs increased to 4.33 percent from 4.29 percent, with points decreasing to 0.21 from 0.42 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

Please Note: MBA Offices will be closed Monday, December 24, 2018 and will reopen on Wednesday, January 2, 2019. Results for the week ending December 21, 2018 will not be released on December 26, 2018. Release of the survey will resume on Thursday, January 3, 2019 at 7:00 a.m. with results for the two weeks prior.If you would like to purchase a subscription of MBA's Weekly Applications Survey, please visit www.mba.org/WeeklyApps, contact mbaresearch@mba.org or click here.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.

05-Dec-18 1:43 PM ET - MBANext: 12-Dec-18
US Construction Spending
fell
0.1% in Oct, to $1308.8 Billion/yr,
-0.1%
0.0%
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The Value of Construction Put in Place Survey provides monthly estimates of the total dollar value of construction work done in the U.S. The United States Code, Title 13, authorizes this program. The survey covers construction work done each month on new structures or improvements to existing structures for private and public sectors. Data estimates include the cost of labor and materials, cost of architectural and engineering work, overhead costs, interest and taxes paid during construction, and contractor's profits. Data collection and estimation activities begin on the first day after the reference month and continue for about three weeks. Reported data and estimates are for activity taking place during the previous calendar month. The survey has been conducted monthly since 1964.
04-Dec-18 9:13 AM ET - USCBNext: 03-Jan-19
ISM Manufacturing Index
rose
to 59.3% in Nov, up from 57.7% in Oct
59.3%
57.7%
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(Tempe, Arizona) — Economic activity in the manufacturing sector expanded in November, and the overall economy grew for the 115th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.

The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: “The November PMI® registered 59.3 percent, an increase of 1.6 percentage points from the October reading of 57.7 percent. The New Orders Index registered 62.1 percent, an increase of 4.7 percentage points from the October reading of 57.4 percent. The Production Index registered 60.6 percent, a 0.7 percentage-point increase compared to the October reading of 59.9 percent. The Employment Index registered 58.4 percent, an increase of 1.6 percentage points from the October reading of 56.8 percent. The Supplier Deliveries Index registered 62.5 percent, a 1.3-percentage point decrease from the October reading of 63.8 percent. The Inventories Index registered 52.9 percent, an increase of 2.2 percentage points from the October reading of 50.7 percent. The Prices Index registered 60.7 percent, a 10.9-percentage point decrease from the October reading of 71.6 percent, indicating higher raw materials prices for the 33rd consecutive month.

“Comments from the panel reflect continued expanding business strength. Demand remains strong, with the New Orders Index rebounding to above 60 percent, the Customers’ Inventories Index declining and remaining too low, and the Backlog of Orders Index steady. Consumption strengthened, with production and employment continuing to expand, both at higher levels compared to October. Inputs — expressed as supplier deliveries, inventories and imports — gained as a result of inventory growth. Supplier delivery easing improved factory consumption as well as inventory growth, and import expansion was relatively stable. Lead-time extensions continue, while steel and aluminum prices are declining. Supplier labor issues and transportation difficulties are at more manageable levels, but they continue to limit production potential.

“The expansion of new export orders was stable and at a recent historical low. However, four of six major industries contributed, down from five in October. Prices pressure continues, but at notably lower levels than in prior periods. The manufacturing community continues to expand, with November adding positively to the three-month rolling PMI® average,” says Fiore.

Of the 18 manufacturing industries, 13 reported growth in November, in the following order: Computer & Electronic Products; Plastics & Rubber Products; Paper Products; Textile Mills; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Machinery; Transportation Equipment; Chemical Products; Food, Beverage & Tobacco Products; Apparel, Leather & Allied Products; Furniture & Related Products; and Petroleum & Coal Products. The three industries reporting contraction in November are: Printing & Related Support Activities; Nonmetallic Mineral Products; and Primary Metals.

03-Dec-18 10:20 AM ET - Institute of Supply ManagementNext: 02-Jan-19
Canada GDP
grew
at an annualized rate of 2.1% in Sep, the least in 21 mos
2.1%
2.5%
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Canadian GDP is reported monthly by Statistics Canada. The annual growth rate is the percentage change of current-month GDP at basic prices from the same month one year ago.
30-Nov-18 8:33 AM ET - Statistics CanadaNext: 21-Dec-18
EU Unemployment Rate
remained at
8.1% in Oct
8.1%
8.1%
collapse/expand
The euro area (EA17) unemployment rate is published at the end of each month by Eurostat, the statistical office of the European Union. It is a seasonally-adjusted rate.
30-Nov-18 8:11 AM ET - EurostatNext: 09-Jan-19
US Personal Savings was 6.2% in Oct, down from 6.3% in Sep & the lowest in 10 mos
6.2%
6.3%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
29-Nov-18 8:48 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
US Personal Income
rose
0.5% in Oct, the most in 9 mos
0.5%
0.2%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
29-Nov-18 8:48 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
US Disposable Income
rose
0.5% in Oct, the most in 9 mos
0.5%
0.2%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
29-Nov-18 8:48 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
US Consumer Spending (PCE)
rose
0.2% in Oct
0.2%
0.1%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
29-Nov-18 8:48 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
US Core Consumer Spending PCE
rose
0.1% in Oct
0.1%
0.2%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Consumption Expenditures monthly. A healthy Personal Spending figure means that consumers are buying goods and services, fueling the economy and spurring output growth. The report is particularly valued for forecasting inflationary pressures. Taken in excess these high levels of consumption and production may lead to an overall increase in prices. Indeed, the Fed uses a measure of inflation derived from the PCE as their primary gauge of inflation.
29-Nov-18 8:48 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
New Home Sales
fell
8.9% in Oct, to 544,000/yr, the lowest level since Mar 2016
544,000
597,000
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Data Inquiries Media Inquiries Economic Indicators Division, Residential Construction Branch Public Information Office 301-763-5160 301-763-3030 eid.rcb.customer.service@census.gov pio@census.gov FOR RELEASE AT 10:00 AM EDT, WEDNESDAY, OCTOBER 24, 2018 MONTHLY NEW RESIDENTIAL SALES, SEPTEMBER 2018 Release Number: CB18-160 October 24, 2018 - The U.S. Census Bureau and the U.S. Department of Housing and Urban Development jointly announced the following new residential sales statistics for September 2018: NEW RESIDENTIAL SALES SEPTEMBER 2018 New Houses Sold 1 : 553,000 New Houses For Sale 2 : 327,000 Median Sales Price: $320,000 Next Release: November 28, 2018 1 Seasonally Adjusted Annual Rates 2 Seasonally Adjusted Source: U.S. Census Bureau, HUD, October 24, 2018 New Home Sales Sales of new single-family houses in September 2018 were at a seasonally adjusted annual rate of 553,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.5 percent (±12.1 percent)* below the revised August rate of 585,000 and is 13.2 percent (±13.6 percent)* below the September 2017 estimate of 637,000. Sales Price The median sales price of new houses sold in September 2018 was $320,000. The average sales price was $377,200. For Sale Inventory and Months' Supply The seasonally-adjusted estimate of new houses for sale at the end of September was 327,000. This represents a supply of 7.1 months at the current sales rate. The October report is scheduled for release on November 28, 2018. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . 0200400600800Sep-13 Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Thousands of Units New Residential Sales (Seasonally Adjusted Annual Rate) Houses Sold Source: U.S. Census Bureau, HUD, October 24, 2018
28-Nov-18 10:40 AM ET - USCBNext: 27-Dec-18
US Corporate Profits
rose
5.9% in Q3 (vs. Q3 2017), to $1.98 Trillion/yr
5.9%
6.4%
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Preliminary Estimate:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $76.0 billion in the third quarter, compared with an increase of $65.0 billion in the second quarter.



Profits of domestic financial corporations decreased $7.8 billion in the third quarter, in contrast to an increase of $16.5 billion in the second quarter. Profits of domestic nonfinancial corporations increased $66.2 billion, compared with an increase of $53.0 billion. Rest-of-the-world profits increased $17.6 billion, in contrast to a decrease of $4.5 billion. In the third quarter, receipts decreased $7.7 billion, and payments decreased $25.3 billion.

28-Nov-18 8:35 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
US Real GDP
grew
at an annualized rate of 3.5% in Q3, unrevised from previous estimate
3.5%
4.2%
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Second Estimate:
Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 4.2 percent.



The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the increase in real GDP was also 3.5 percent. With this second estimate for the third quarter, the general picture of economic growth remains the same; upward revisions to nonresidential fixed investment and private inventory investment were offset by downward revisions to personal consumption expenditures (PCE) and state and local government spending (see "Updates to GDP" on page 2).

28-Nov-18 8:34 AM ET - U.S. Bureau of Economic AnalysisNext: 21-Dec-18
Case-Shiller 20-City Home Price Index
rose
5.1% in Sep vs. previous year, to 213.76
5.1%
5.5%
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The S&P/Case-Shiller Home Price Indices are the leading measures for the US residential housing market, tracking changes in the value of residential real estate both nationally as well as in 20 metropolitan regions.
27-Nov-18 9:04 AM ET - Standard & Poor'sNext: 26-Dec-18
Canada Inflation
rose
to 2.5% in Oct, up from 2.4% in Sep
2.5%
2.4%
collapse/expand
The Consumer Price Index (CPI) rose 2.4% on a year-over-year basis in October, following a 2.2% increase in September. Month over month, the CPI increased 0.3%, with prices for airfares, passenger vehicles and travel tours accelerating the most.
23-Nov-18 8:39 AM ET - Statistics CanadaNext: 19-Dec-18
Existing Home Sales
rose
1.4% in Oct, to 5,220,000/yr
5,220,000
5,150,000
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Total existing-home sales, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.4 percent from September to a seasonally adjusted rate of 5.22 million in October. Sales are now down 5.1 percent from a year ago (5.5 million in October 2017).
21-Nov-18 10:17 AM ET - National Association of RealtorsNext: 19-Dec-18
Home Sales Inventory
fell
2.3% in Oct, to 4.3 months
4.3
4.4
collapse/expand
Total housing inventory at the end of October decreased from 1.88 million in September to 1.85 million existing homes available for sale, but that represents an increase from 1.80 million a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace, down from 4.4 last month and up from 3.9 months a year ago.
21-Nov-18 10:17 AM ET - National Association of RealtorsNext: 19-Dec-18
US Consumer Confidence
fell
to 97.5 in Nov, down from 98.6 in Oct
97.5
98.6
collapse/expand
Final:
U.S. consumer sentiment declined more than forecast in November as Americans' views about the economy deteriorated amid rising interest rates and slumping stocks.

The sentiment index dropped to 97.5, the lowest level since August, from the prior month's 98.6, according to a University of Michigan report Wednesday. The median estimate of economists surveyed by Bloomberg was 98.3, which was also the preliminary reading released earlier this month. The gauge of current conditions decreased to 112.3, while the expectations index slipped to 88.1 -- also three-month lows.

21-Nov-18 10:12 AM ET - Thompson Reuters U. MichiganNext: 21-Dec-18
Housing Starts
rose
1.5% in Oct, to 1,228,000/yr
1,228,000
1,210,000
collapse/expand
Privately-owned housing starts in October 2018 were at a seasonally adjusted annual rate of 1,228,000. This is 1.5 percent (+/- 12.9%)* above the revised September 2018 estimate of 1,210,000.


October 2018: +1.5* % change
September 2018 (r): -5.5* % change

20-Nov-18 9:50 AM ET - USCBNext: 18-Dec-18
EU Inflation (HICP)
rose
to 2.2% in Oct, up from 2.1% in Sep & the highest since Dec 2012
2.2%
2.1%
collapse/expand
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB).
16-Nov-18 9:17 AM ET - EurostatNext: 17-Dec-18
US Retail Sales
rose
0.8% in Oct, to $511.5 Billion
0.8%
0.1%
collapse/expand
U.S. retail and food services sales for October 2018 were $511.5 billion, an increase of 0.8 percent (+/-0.5%) from the previous month.


October 2018: +0.8 % change
September 2018 (r): -0.1* % change

15-Nov-18 10:37 AM ET - USCBNext: 14-Dec-18
UK Producer/Wholesale Price Inflation
remained at
3.1% in Oct
3.1%
3.1%
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  • The headline rate of output inflation for goods leaving the factory gate was 3.3% on the year to October 2018, up from 3.1% in September 2018.

  • The growth rate of prices for materials and fuels used in the manufacturing process slowed to 10.0% on the year to October 2018, from 10.5% in September 2018.

  • All product groups provided upward contributions to output and input annual inflation, for the second consecutive month.

  • Petroleum and crude oil provided the largest contribution to both the annual and monthly rates of inflation for output and input inflation respectively.

14-Nov-18 8:44 AM ET - UK Office of National StatisticsNext: 18-Dec-18
UK Inflation
remained at
2.2% in Oct
2.2%
2.2%
collapse/expand
  • The Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate was 2.2% in October 2018, unchanged from September 2018.

  • The large downward contributions to the change in the 12-month rate from food and non-alcoholic beverages, clothing and footwear, and some transport elements were offset by upward contributions from rising petrol, diesel and domestic gas prices.

  • Other smaller upward contributions came from items in the miscellaneous goods and services, recreation and culture, and communication sectors.

  • The Consumer Prices Index (CPI) 12-month rate was 2.4% in October 2018, unchanged from September 2018.

14-Nov-18 8:44 AM ET - UK Office of National StatisticsNext: 18-Dec-18
Overall US Inflation
rose
0.3% in Oct, the most in 9 mos
0.3%
0.1%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Nov-18 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 12-Dec-18
Core US Inflation
rose
0.2% in Oct
0.2%
0.1%
collapse/expand
The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups:
  • (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W),which covers households of wage earners and clerical workers that comprise approximately 29 percent of the total population and
  • (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include in addition to wage earners and clerical worker households, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.
14-Nov-18 8:35 AM ET - U.S. Bureau of Labor StatisticsNext: 12-Dec-18
US Treasury reported a
deficit
of $100 Billion in Oct
-$100
$119
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The US Treasury publishes the Monthly Treasury Statement (MTS) at 2:00 PM on the 8th business day of each month.

The MTS summarizes the financial activities of the federal government and off-budget federal entities in accordance with the Budget of the U.S. Government, inlcuding:

  • Receipts and outlays
  • Surplus or deficit
  • Means of financing on a modified cash basis

Data provided by federal entities, disbursing officers, and Federal Reserve Banks.

13-Nov-18 2:05 PM ET - US Department of the TreasuryNext: 12-Dec-18
UK Unemployment Rate
rose
to 4.1% in Sep, up from 4.0% in Aug
4.1%
4.0%
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  • Estimates from the Labour Force Survey show that, between April to June 2018 and July to September 2018, the number of people in work and the number of unemployed people both increased but the number of people aged from 16 to 64 years not working and not seeking nor available to work (economically inactive) was little changed.

  • There were 32.41 million people in work, 23,000 more compared with April to June 2018 and 350,000 more than for a year earlier.

  • The employment rate (the proportion of people aged from 16 to 64 years who were in work) was 75.5%, little changed compared with April to June 2018 but higher than for a year earlier (75.0%).

  • There were 1.38 million unemployed people (people not in work but seeking and available to work), 21,000 more than for April to June 2018 but 43,000 fewer than for a year earlier.

  • The unemployment rate (the number of unemployed people as a proportion of all employed and unemployed people) was 4.1%, slightly higher than for April to June 2018 but lower than for a year earlier (4.3%).

  • There were 8.74 million people aged from 16 to 64 years who were economically inactive (not working and not seeking nor available to work), little changed compared with April to June 2018 but 147,000 fewer than for a year earlier.

  • The economic inactivity rate (the proportion of people aged from 16 to 64 years who were economically inactive) was 21.2%, unchanged compared with April to June 2018 but lower than for a year earlier (21.6%).

  • Latest estimates show that average weekly earnings for employees in Great Britain in nominal terms (that is, not adjusted for price inflation) increased by 3.2% excluding bonuses, and by 3.0% including bonuses, compared with a year earlier.

  • Latest estimates show that average weekly earnings for employees in Great Britain in real terms (that is, adjusted for price inflation) increased by 0.9% excluding bonuses, and by 0.8% including bonuses, compared with a year earlier.

13-Nov-18 9:23 AM ET - UK Office of National StatisticsNext: 11-Dec-18
UK GDP
grew
at an annualized rate of 0.6% in Q3, the most in 21 mos
0.6%
0.4%
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The UK Office for National Statistics publishes Preliminary Estimates of GDP approximately one month after the end of a given quarter, followed by Second Estimates a month later and the Final Estimates a month after that.
09-Nov-18 8:56 AM ET - UK Office of National StatisticsNext: 10-Dec-18
US Producer/Wholesale Price Index
rose
0.6% in Oct, the most in 21 mos
0.6%
0.2%
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The Producer Price Index (PPI) of the Bureau of Labor Statistics (BLS) is a family of indexes that measure the average change over time in the prices received by domestic producers of goods and services. PPIs measure price change from the perspective of the seller. This contrasts with other measures, such as the Consumer Price Index (CPI). CPIs measure price change from the purchaser's perspective. Sellers' and purchasers' prices can differ due to government subsidies, sales and excise taxes, and distribution costs.
09-Nov-18 8:37 AM ET - U.S. Bureau of Labor StatisticsNext: 11-Dec-18
1-Yr ARM
remained at
2.68% on Dec 31
2.68%
2.68%
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Mortgage Rates Top Four Percent

MCLEAN, VA--(Marketwired - Dec 31, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher with the 30-year fixed-rate mortgage breaking above four percent for the first time in five months.

News Facts

  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.6 point for the week ending December 31, 2015, up from last week when it averaged 3.96 percent. A year ago at this time, the 30-year FRM averaged 3.87 percent. 

  • 15-year FRM this week averaged 3.24 percent with an average 0.6 point, up from 3.22 percent last week. A year ago at this time, the 15-year FRM averaged 3.15 percent. 

  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.08 percent this week with an average 0.4 point, up from last week when it averaged 3.06 percent. A year ago, the 5-year ARM averaged 3.01 percent.

  • 1-year Treasury-indexed ARM averaged 2.68 percent this week with an average 0.2 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.40 percent. 

Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.

As of January 1, 2016, the PMMS will no longer provide results for the 1-year ARM. Additionally, the regional breakouts will not be provided for the 30-year and 15-year fixed rate mortgages, and the 5/1 Hybrid ARM.

Quote
Attributed to Sean Becketti, chief economist, Freddie Mac.

"In the final week of 2015, Treasury yields jumped reacting in part to strong consumer confidence in December. In response, the 30-year mortgage rate rose 5 basis points to 4.01 percent, ending a 5-month span below 4 percent. After averaging 3.9 percent in the fourth quarter of 2015, we expect the 30-year mortgage rate to average 4.7 percent for the fourth quarter of 2016."

Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. Additional information is available at FreddieMac.com, Twitter @FreddieMac and Freddie Mac's blog FreddieMac.com/blog.



31-Dec-15 10:48 AM ET - Freddie MacNext: 07-Jan-16