Recent Market MetricsCurrentPrevious 
Housing Starts
rose
1.9% in Sep, to 1,415,000/yr
1,415,000
1,388,000
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Privately-owned housing starts in September 2020 were at a seasonally adjusted annual rate of 1,415,000. This is 1.9 percent (+/- 8.8%)* above the revised August 2020 estimate of 1,388,000.


September 2020: +1.9* % change
August 2020 (r): -6.7* % change

20-Oct-20 10:10 AM ET - USCBNext: 18-Nov-20
EU GDP
contracted
at an annualized rate of 14.8% in Q2, revised from -14.7%
-14.8%
-3.2%
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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.
19-Oct-20 8:16 AM ET - ECBNext: 08-Dec-20
US Treasury reported a
deficit
of $125 Billion in Sep
-$125
-$200
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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.

16-Oct-20 2:17 PM ET - US Department of the TreasuryNext: 11-Nov-20
US Retail Sales
rose
1.9% in Sep, to $549.3 Billion
1.9%
0.6%
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U.S. retail and food services sales for September 2020 were $549.3 billion, an increase of 1.9 percent (+/-0.5%) from the previous month.


September 2020: +1.9 % change
August 2020 (r): +0.6 % change

16-Oct-20 8:32 AM ET - USCBNext: 17-Nov-20
EU Inflation (HICP)
fell
to -0.3% in Sep, down from -0.2% in Aug & the lowest since Feb 2015
-0.3%
-0.2%
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The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB).
16-Oct-20 8:23 AM ET - EurostatNext: 18-Nov-20
30-Yr Fixed Mortgage Rate
fell
to 2.81% on Oct 15, down from 2.87% on Oct 8
2.81%
2.87%
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  • 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.6 point for the week ending October 15, 2020, down from last week when it averaged 2.87 percent. A year ago at this time, the 30-year FRM averaged 3.69 percent.
  • 15-year fixed-rate mortgage averaged 2.35 percent with an average 0.5 point, down from last week when it averaged 2.37 percent. A year ago at this time, the 15-year FRM averaged 3.15 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.90 percent with an average 0.2 point, slightly down from last week when it averaged 2.89 percent. A year ago at this time, the 5-year ARM averaged 3.35 percent.
15-Oct-20 10:02 AM ET - Freddie MacNext: 22-Oct-20
15-Yr Fixed Mortgage Rate
fell
to 2.35% on Oct 15, down from 2.37% on Oct 8
2.35%
2.37%
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  • 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.6 point for the week ending October 15, 2020, down from last week when it averaged 2.87 percent. A year ago at this time, the 30-year FRM averaged 3.69 percent.
  • 15-year fixed-rate mortgage averaged 2.35 percent with an average 0.5 point, down from last week when it averaged 2.37 percent. A year ago at this time, the 15-year FRM averaged 3.15 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.90 percent with an average 0.2 point, slightly down from last week when it averaged 2.89 percent. A year ago at this time, the 5-year ARM averaged 3.35 percent.
15-Oct-20 10:02 AM ET - Freddie MacNext: 22-Oct-20
5-Yr ARM
rose
to 2.90% on Oct 15, up from 2.89% on Oct 8
2.90%
2.89%
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  • 30-year fixed-rate mortgage averaged 2.81 percent with an average 0.6 point for the week ending October 15, 2020, down from last week when it averaged 2.87 percent. A year ago at this time, the 30-year FRM averaged 3.69 percent.
  • 15-year fixed-rate mortgage averaged 2.35 percent with an average 0.5 point, down from last week when it averaged 2.37 percent. A year ago at this time, the 15-year FRM averaged 3.15 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.90 percent with an average 0.2 point, slightly down from last week when it averaged 2.89 percent. A year ago at this time, the 5-year ARM averaged 3.35 percent.
15-Oct-20 10:02 AM ET - Freddie MacNext: 22-Oct-20
Initial Unemployment Claims
rose
6.3% for the week ending Oct 10, to 898,000
898,000
845,000
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In the week ending October 10, the advance figure for seasonally adjusted initial claims was 898,000, an increase of53,000 from the previous week's revised level. The previous week's level was revised up by 5,000 from 840,000 to845,000. The 4-week moving average was 866,250, an increase of 8,000 from the previous week's revised average. Theprevious week's average was revised up by 1,250 from 857,000 to 858,250.
15-Oct-20 8:32 AM ET - US Dept of LaborNext: 22-Oct-20
US Producer/Wholesale Price Index
rose
0.4% in Sep
0.4%
0.3%
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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.
14-Oct-20 9:21 AM ET - U.S. Bureau of Labor StatisticsNext: 13-Nov-20
Mortgage Application Volume
fell
0.7% for the week ending Oct 9
-0.7%
4.6%
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WASHINGTON, D.C. (October 14, 2020) - Mortgage applications decreased 0.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending October 9, 2020.

The Market Composite Index, a measure of mortgage loan application volume, decreased 0.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 1 percent compared with the previous week. The Refinance Index decreased 0.3 percent from the previous week and was 44 percent higher than the same week one year ago. The seasonally adjusted Purchase Index decreased 2 percent from one week earlier. The unadjusted Purchase Index decreased 1 percent compared with the previous week and was 24 percent higher than the same week one year ago.

14-Oct-20 9:04 AM ET - MBANext: 21-Oct-20
Overall US Inflation
rose
0.2% in Sep
0.2%
0.4%
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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.
13-Oct-20 3:16 PM ET - U.S. Bureau of Labor StatisticsNext: 12-Nov-20
Core US Inflation
rose
0.2% in Sep
0.2%
0.4%
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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.
13-Oct-20 3:16 PM ET - U.S. Bureau of Labor StatisticsNext: 12-Nov-20
UK Unemployment Rate
fell
to 4.0% in Aug, down from 4.1% in Jul
4.0%
4.1%
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Estimates of employment, unemployment, economic inactivity and other employment-related statistics for the UK.
13-Oct-20 8:09 AM ET - UK Office of National StatisticsNext: 10-Nov-20
Canada Unemployment Rate
fell
to 9.0% in Sep, down from 10.2% in Aug & the lowest in 6 mos
9.0%
10.2%
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The Canadian unemployment rate is reported monthly by Statistics Canada.
09-Oct-20 9:26 AM ET - Statistics CanadaNext: 06-Nov-20
UK GDP
grew
2.1% in the 3 months to Aug
2.1%
6.6%
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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-Oct-20 8:13 AM ET - UK Office of National StatisticsNext: 11-Nov-20
US Consumer Confidence
rose
to 80.4 in Sep, up from 74.1 in Aug & the highest level in 6 mos
80.4
74.1
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The Surveys of Consumers is a rotating panel survey based on a nationally representative sample that gives each household in the coterminous U.S. an equal probability of being selected. Interviews are conducted throughout the month by telephone. The minimum monthly change required for significance at the 95% level in the Sentiment Index is 4.8 points; for Current and Expectations Index the minimum is 6 points.
02-Oct-20 10:08 AM ET - Thompson Reuters U. MichiganNext: 30-Oct-20
Durable Goods Total New Orders
rose
0.5% in Aug
0.5%
11.8%
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Full Report:
The Manufacturers' Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
02-Oct-20 10:06 AM ET - USCBNext: 03-Nov-20
Capital Goods Core Capex
rose
1.9% in Aug
1.9%
2.6%
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Full Report:
The Manufacturers' Shipments, Inventories, and Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.
02-Oct-20 10:06 AM ET - USCBNext: 03-Nov-20
US Unemployment Rate
fell
to 7.9% in Sep, down from 8.4% in Aug & the lowest in 6 mos
7.9%
8.4%
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Total nonfarm payroll employment rose by 661,000 in September, and the unemploymentrate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today.These improvements in the labor market reflect the continued resumption of economicactivity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month,mainly in state and local government education.
02-Oct-20 8:38 AM ET - U.S. Bureau of Labor StatisticsNext: 06-Nov-20
US NonFarm Payroll
rose
661,000 in Sep
661,000
1,489,000
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Total nonfarm payroll employment rose by 661,000 in September, and the unemploymentrate declined to 7.9 percent, the U.S. Bureau of Labor Statistics reported today.These improvements in the labor market reflect the continued resumption of economicactivity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In September, notable job gains occurred in leisure and hospitality, in retail trade, in health care and social assistance, and in professional and business services. Employment in government declined over the month,mainly in state and local government education.
02-Oct-20 8:36 AM ET - U.S. Bureau of Labor StatisticsNext: 06-Nov-20
US Construction Spending
rose
1.4% in Aug, to $1412.8 Billion/yr
1.4%
0.1%
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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.
01-Oct-20 10:12 AM ET - USCBNext: 02-Nov-20
ISM Manufacturing Index
fell
to 55.4% in Sep, down from 56.0% in Aug
55.4%
56.0%
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Economic activity in the manufacturing sector grew in September, with the overall economy notching a fifth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.
01-Oct-20 10:04 AM ET - Institute of Supply ManagementNext: 02-Nov-20
US Personal Savings was 14.1% in Aug, down from 17.7% in Jul
14.1%
17.7%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
01-Oct-20 8:46 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Oct-20
US Consumer Spending (PCE)
rose
0.3% in Aug
0.3%
0.4%
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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.
01-Oct-20 8:46 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Oct-20
US Core Consumer Spending PCE
rose
0.3% in Aug
0.3%
0.4%
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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.
01-Oct-20 8:46 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Oct-20
US Personal Income
fell
2.7% in Aug
-2.7%
0.5%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
01-Oct-20 8:46 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Oct-20
US Disposable Income
fell
3.2% in Aug
-3.2%
0.3%
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The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
01-Oct-20 8:46 AM ET - U.S. Bureau of Economic AnalysisNext: 30-Oct-20
EU Unemployment Rate
rose
to 8.1% in Aug, up from 8.0% in Jul & the highest since Jul 2018
8.1%
8.0%
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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.
01-Oct-20 8:17 AM ET - EurostatNext: 30-Oct-20
Canada GDP
contracted
at an annualized rate of 5.0% in Jul
-5.0%
-7.8%
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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-Sep-20 8:44 AM ET - Statistics CanadaNext: 30-Oct-20
US Corporate Profits
fell
19.7% in Q2 (vs. Q2 2019), revised from -20.8%, to $1.56 Trillion/yr,
-19.7%
-14.1%
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Revised Estimate:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) decreased $208.9 billion in the second quarter, compared with a decrease of $276.2 billion in the first quarter (table 10).



Profits of domestic financial corporations increased $26.5 billion in the second quarter, in contrast to a decrease of $42.2 billion in the first quarter. Profits of domestic nonfinancial corporations decreased $145.9 billion, compared with a decrease of $190.5 billion. Rest-of-the-world profits decreased $89.5 billion, compared with a decrease of $43.5 billion. In the second quarter, receipts decreased $134.5 billion, and payments decreased $45.0 billion.

30-Sep-20 8:41 AM ET - U.S. Bureau of Economic AnalysisNext: 25-Nov-20
US Real GDP
contracted
at an annualized rate of 31.4% in Q2, revised from -31.7%
-31.4%
-5.0%
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Third Estimate:
Real gross domestic product (GDP) decreased at an annual rate of 31.4 percent in the second quarter of 2020 (table 1), according to the "third" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent.

The third estimate of GDP released today is based on more complete source data than were available for the "second" estimate issued last month. In the second estimate, the decrease in real GDP was 31.7 percent. The upward revision with the third estimate primarily reflected an upward revision to personal consumption expenditures (PCE) that was partly offset by downward revisions to exports and to nonresidential fixed investment (see "Updates to GDP" on page 3).

30-Sep-20 8:41 AM ET - U.S. Bureau of Economic AnalysisNext: 29-Oct-20
ADP NonFarm Payroll
rose
749,000 in Sep
749,000
481,000
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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.
30-Sep-20 8:36 AM ET - ADPNext: 04-Nov-20
Case-Shiller 20-City Home Price Index
rose
3.9% in Jul vs. previous year, to 226.55
3.9%
3.5%
collapse/expand
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.
29-Sep-20 9:47 AM ET - Standard & Poor'sNext: 27-Oct-20
New Home Sales
rose
4.8% in Aug, to 1,011,000/yr
1,011,000
965,000
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New Home Sales Sales of new single-family houses in August 2020 were at a seasonally adjusted annual rate of 1,011,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.8 percent (±10.5 percent)* above the revised July rate of 965,000 and is 43.2 percent (±19.5 percent) above the August 2019 estimate of 706,000.
24-Sep-20 10:12 AM ET - USCBNext: 26-Oct-20
Existing Home Sales
rose
2.4% in Aug, to 6,000,000/yr
6,000,000
5,860,000
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Sep-20 10:05 AM ET - National Association of RealtorsNext: 22-Oct-20
Home Sales Inventory
fell
3.2% in Aug, to 3.0 months, to the lowest level in 6 mos
3.0
3.1
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The Existing-Home Sales data measures sales and prices of existing single-family homes for the nation overall, and gives breakdowns for the West, Midwest, South, and Northeast regions of the country. These figures include condos and co-ops, in addition to single-family homes.
22-Sep-20 10:05 AM ET - National Association of RealtorsNext: 22-Oct-20
Canada Inflation
fell
to 0.1% in Aug, down from 0.3% in Jul
0.1%
0.3%
collapse/expand
The Consumer Price Index (CPI) represents changes in prices as experienced by Canadian consumers. It measures price change by comparing, through time, the cost of a fixed basket of goods and services.

The goods and services in the CPI basket are divided into 8 major components: Food; Shelter; Household operations, furnishings and equipment; Clothing and footwear; Transportation; Health and personal care; Recreation, education and reading, and Alcoholic beverages, tobacco products and recreational cannabis. CPI data are published at various levels of geography including Canada, the ten provinces, Whitehorse, Yellowknife and Iqaluit, and select cities.

16-Sep-20 8:37 AM ET - Statistics CanadaNext: 21-Oct-20
UK Producer/Wholesale Price Inflation
fell
to -0.9% in Aug, down from 0.9% in Jul
-0.9%
0.9%
collapse/expand
  • The headline rate of output inflation for goods leaving the factory gate was negative 0.9% on the year to August 2020, unchanged from June 2020.

  • The price for materials and fuels used in the manufacturing process displayed negative growth of 5.8% on the year to August 2020, down from negative growth of 5.7% in July 2020.

  • Petroleum products was the largest downward contributor to the annual rate of output inflation.

  • The largest downward contribution to the annual rate of input inflation was from crude oil.

  • November 2020 will see the first publication of the producer price inflation figures on a gross basis; we encourage the use of gross sector indices where available, as the net versions will no longer be produced; Section 6: Gross and net producer price indices has more information on this change.

  • The Office for National Statistics (ONS) has released a public statement on the coronavirus (COVID-19) and production of statistics; Section 8: Quality and Methodology describes the situation in relation to producer price inflation (PPI).

  • In November 2020, we will also be implementing important methodological improvements to PPI by moving to an annually chain-linked basis; Section 2: Things you need to know about this release describes this in more detail.

16-Sep-20 8:23 AM ET - UK Office of National StatisticsNext: 21-Oct-20
UK Inflation
fell
to 0.5% in Aug, down from 1.1% in Jul & the lowest since Jun 2016
0.5%
1.1%
collapse/expand
  • The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 0.5% in August 2020, down from 1.1% in July 2020.

  • The largest contribution to the CPIH 12-month inflation rate in August 2020 came from recreation and culture (0.35 percentage points).

  • Falling prices in restaurants and cafes, arising from the Eat Out to Help Out Scheme, resulted in the largest downward contribution (0.44 percentage points) to the change in the CPIH 12-month inflation rate between July and August 2020.

  • Other smaller downward contributions came from falling air fares and clothing prices rising by less between July and August 2020 than between the same two months a year ago.

  • The largest, partially offsetting, upward contributions came from games, toys and hobbies, accommodation services, road transport services and second-hand cars.

  • As the restrictions caused by the ongoing coronavirus (COVID-19) pandemic have been eased, the number of CPIH items that were unavailable to UK consumers in August has reduced to eight, as detailed in Table 58 of the Consumer price inflation dataset; these account for 1.1% of the CPIH basket by weight and made a small downward contribution of 0.01 percentage points to the change in the CPIH 12-month rate; the number of unavailable items is down from 12 for July and a high of 90 for April; for August, we have collected a weighted total of 86.9% of comparable coverage collected previously (excluding unavailable items).

  • The Consumer Prices Index (CPI) 12-month rate was 0.2% in August 2020, down from 1.0% in July.

16-Sep-20 8:23 AM ET - UK Office of National StatisticsNext: 21-Oct-20
US Productivity
increased
at an annualized rate of 10.1% in Q2
10.1%
-0.9%
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Final:
Second Quarter 2020, Revised

Nonfarm business sector labor productivity increased 10.1 percent in the second quarter of 2020, the U.S. Bureau of Labor Statistics reported today, as output decreased 37.1 percent and hours worked decreased 42.9 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates, and show what the percent change would be if the quarterly rate continued for four quarters.)
03-Sep-20 8:34 AM ET - U.S. Bureau of Labor StatisticsNext: 08-Dec-20
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