Recent Market MetricsCurrentPrevious 
Capital Goods Core Capex
rose
1.1% in Oct, revised from 1.2%, the most in 15 mos
1.1%
-0.5%
collapse/expand
Advance Report:
New orders for manufactured durable goods in October increased $1.5 billion or 0.6 percent to $248.7 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.4 percent September decrease. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 0.1 percent. Fabricated metal products, up two of the last three months, led the increase, $0.6 billion or 1.8 percent to $34.1 billion.
05-Dec-19 2:48 PM ET - USCBNext: 24-Dec-19
Durable Goods Total New Orders
rose
0.5% in Oct, revised from 0.0%
0.5%
-1.4%
collapse/expand
Full Report:
New orders for manufactured durable goods in October increased $1.5 billion or 0.6 percent to $248.7 billion, the U.S. Census Bureau announced today. This increase, up four of the last five months, followed a 1.4 percent September decrease. Excluding transportation, new orders increased 0.6 percent. Excluding defense, new orders increased 0.1 percent. Fabricated metal products, up two of the last three months, led the increase, $0.6 billion or 1.8 percent to $34.1 billion.
05-Dec-19 11:03 AM ET - USCBNext: 07-Jan-20
30-Yr Fixed Mortgage Rate
remained at
3.68% on Dec 5
3.68%
3.68%
collapse/expand
  • 30-year fixed-rate mortgage averaged 3.68 percent with an average 0.5 point for the week ending December 5, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.75 percent.
  • 15-year fixed-rate mortgage averaged 3.14 percent with an average 0.4 point, down slightly from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 4.21 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.43 percent. A year ago at this time, the 5-year ARM averaged 4.07 percent.
05-Dec-19 10:03 AM ET - Freddie MacNext: 12-Dec-19
15-Yr Fixed Mortgage Rate
fell
to 3.14% on Dec 5, down from 3.15% on Nov 27
3.14%
3.15%
collapse/expand
  • 30-year fixed-rate mortgage averaged 3.68 percent with an average 0.5 point for the week ending December 5, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.75 percent.
  • 15-year fixed-rate mortgage averaged 3.14 percent with an average 0.4 point, down slightly from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 4.21 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.43 percent. A year ago at this time, the 5-year ARM averaged 4.07 percent.
05-Dec-19 10:03 AM ET - Freddie MacNext: 12-Dec-19
5-Yr ARM
fell
to 3.39% on Dec 5, down from 3.43% on Nov 27
3.39%
3.43%
collapse/expand
  • 30-year fixed-rate mortgage averaged 3.68 percent with an average 0.5 point for the week ending December 5, 2019, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.75 percent.
  • 15-year fixed-rate mortgage averaged 3.14 percent with an average 0.4 point, down slightly from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 4.21 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.39 percent with an average 0.4 point, down from last week when it averaged 3.43 percent. A year ago at this time, the 5-year ARM averaged 4.07 percent.
05-Dec-19 10:02 AM ET - Freddie MacNext: 12-Dec-19
Initial Unemployment Claims
fell
4.7% for the week ending Nov 30, to 203,000, the lowest level in 7 mos
203,000
213,000
collapse/expand
In the week ending November 30, the advance figure for seasonally adjusted initial claims was 203,000, a decrease of 10,000 from the previous week's unrevised level of 213,000. The 4-week moving average was 217,750, a decrease of 2,000 from the previous week's unrevised average of 219,750.
05-Dec-19 8:54 AM ET - US Dept of LaborNext: 12-Dec-19
EU GDP
grew
at an annualized rate of 2.9% in Q3, the most in 12 mos
2.9%
2.8%
collapse/expand
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.
05-Dec-19 7:27 AM ET - ECBNext: 20-Jan-20
Mortgage Application Volume
fell
9.2% for the week ending Nov 29
-9.2%
1.5%
collapse/expand
WASHINGTON, D.C. (December 4, 2019) -  Mortgage applications decreased 9.2 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending November 29, 2019. This week's results include an adjustment for the Thanksgiving holiday.

The Market Composite Index, a measure of mortgage loan application volume, decreased 9.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 38 percent compared with the previous week. The Refinance Index decreased 16 percent from the previous week and was 61 percent higher than the same week one year ago. The seasonally adjusted Purchase Index increased 1 percent from one week earlier. The unadjusted Purchase Index decreased 33 percent compared with the previous week and was 24 percent lower than the same week one year ago.

"U.S. Treasury rates stayed flat last week, as uncertainty surrounding the U.K. elections offset positive domestic news on consumer spending," said Jl Kan, MBA's Associate Vice President of Economic and Industry Forecasting. "Despite the 30-year fixed rate remaining unchanged at 3.97 percent, mortgage applications fell last week, driven down by a 16 percent drop in refinances. Purchase applications were up slightly but declined 24 percent from a year ago. This week's year-over-year comparisons were distorted by Thanksgiving being a week later this year."

Added Kan, "The purchase market overall looks healthy as we enter the home stretch of 2019. The seasonally adjusted purchase index was at its highest level since July, as a combination of wage gains, slower home-price appreciation, and slightly easing inventory conditions continue to support increased activity."

The refinance share of mortgage activity decreased to 59.0 percent of total applications from 62.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity remained unchanged at 4.8 percent of total applications.

The FHA share of total applications increased to 12.0 percent from 11.7 percent the week prior. The VA share of total applications decreased to 12.7 percent from 14.1 percent the week prior. The USDA share of total applications remained unchanged from 0.5 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($484,350 or less) remained unchanged at 3.97 percent, with points increasing to 0.32 from 0.30 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater
than $484,350) increased to 3.91 percent from 3.87 percent, with points decreasing to 0.26 from 0.29 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.83 percent from 3.79 percent, with points increasing to 0.31 from 0.23 (including the origination fee) for 80 percent LTV loans. The effective rate increased from last week.

The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.37 percent from 3.38 percent, with points increasing to 0.28 from 0.27 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 5/1 ARMs decreased to 3.28 percent from 3.42 percent, with points increasing to 0.27 from 0.22 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week. 

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.

04-Dec-19 10:10 AM ET - MBANext: 11-Dec-19
ADP NonFarm Payroll
rose
67,000 in Nov, the least in 6 mos
67,000
121,000
collapse/expand
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.
04-Dec-19 10:09 AM ET - ADPNext: 08-Jan-20
ISM Manufacturing Index
fell
to 48.1% in Nov, down from 48.3% in Oct
48.1%
48.3%
collapse/expand
(Tempe, Arizona) — Economic activity in the manufacturing sector contracted in November, and the overall economy grew for the 127th 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 48.1 percent, a decrease of 0.2 percentage point from the October reading of 48.3 percent. The New Orders Index registered 47.2 percent, a decrease of 1.9 percentage points from the October reading of 49.1 percent. The Production Index registered 49.1 percent, up 2.9 percentage points compared to the October reading of 46.2 percent. The Backlog of Orders Index registered 43 percent, down 1.1 percentage points compared to the October reading of 44.1 percent. The Employment Index registered 46.6 percent, a 1.1-percentage point decrease from the October reading of 47.7 percent. The Supplier Deliveries Index registered 52 percent, a 2.5-percentage point increase from the October reading of 49.5 percent. The Inventories Index registered 45.5 percent, a decrease of 3.4 percentage points from the October reading of 48.9 percent. The Prices Index registered 46.7 percent, a 1.2-percentage point increase from the October reading of 45.5 percent. The New Export Orders Index registered 47.9 percent, a 2.5-percentage point decrease from the October reading of 50.4 percent. The Imports Index registered 48.3 percent, a 3-percentage point increase from the October reading of 45.3 percent.

“Comments from the panel were consistent with the previous month, with sentiment improving compared to October. November was the fourth consecutive month of PMI® contraction, at a faster rate compared to the prior month. Demand contracted, with the New Orders Index contracting faster, the Customers’ Inventories Index remaining at ‘too low’ levels and the Backlog of Orders Index contracting for the seventh straight month (and at a faster rate). The New Export Orders Index returned to contraction territory, likely contributing to the faster contraction of the New Orders Index. Consumption (measured by the Production and Employment indexes) contracted, due primarily to lack of demand, but contributed positively (a combined 1.8-percentage point increase) to the PMI® calculation. Inputs — expressed as supplier deliveries, inventories and imports — were again lower in November, due primarily to contraction in inventories that was partially offset by supplier deliveries returning to ‘slowing.’ This resulted in a combined 0.9-percentage point decrease in the Supplier Deliveries and Inventories indexes. Imports contraction softened. Overall, inputs indicate (1) supply chains are meeting demand and (2) companies are less confident that materials received will be consumed in a reasonable time period. Prices decreased for the sixth consecutive month, at a slower rate.”

“Global trade remains the most significant cross-industry issue. Among the six big industry sectors, Food, Beverage & Tobacco Products remains the strongest, while Fabricated Metal Products is the weakest. Overall, sentiment this month is neutral regarding near-term growth,” says Fiore.

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

02-Dec-19 10:04 AM ET - Institute of Supply ManagementNext: 02-Jan-20
US Construction Spending
fell
0.8% in Oct, to $1291.1 Billion/yr
-0.8%
0.5%
collapse/expand
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.
02-Dec-19 10:03 AM ET - USCBNext: 03-Jan-20
Canada GDP
grew
at an annualized rate of 1.6% in Sep, the most in 8 mos
1.6%
1.3%
collapse/expand
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.
29-Nov-19 8:38 AM ET - Statistics CanadaNext: 23-Dec-19
EU Unemployment Rate
fell
to 7.5% in Oct, down from 7.6% in Sep
7.5%
7.6%
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.
29-Nov-19 8:19 AM ET - EurostatNext: 09-Jan-20
US Personal Savings was 7.8% in Oct, down from 8.1% in Sep
7.8%
8.1%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Saving monthly.
27-Nov-19 11:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Consumer Spending (PCE)
rose
0.2% in Oct
0.2%
0.0%
collapse/expand
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.
27-Nov-19 11:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Core Consumer Spending PCE
rose
0.1% in Oct
0.1%
0.0%
collapse/expand
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.
27-Nov-19 11:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Personal Income
was flat
in Oct, the largest drop since Jun 2017
0.0%
0.3%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Personal Income monthly.
27-Nov-19 11:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Disposable Income
fell
0.1% in Oct, the largest drop since Nov 2016
-0.1%
0.3%
collapse/expand
The US Bureau of Economic Analysis publishes seasonally adjusted data for Disposable Personal Income monthly.
27-Nov-19 11:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Corporate Profits
fell
0.4% in Q3 (vs. Q3 2018), to $1.85 Trillion/yr
-0.4%
0.3%
collapse/expand
Preliminary Estimate:
Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $4.6 billion in the third quarter, compared with an increase of $75.8 billion in the second quarter (table 10).



Profits of domestic financial corporations decreased $9.8 billion in the third quarter, in contrast to an increase of $2.5 billion in the second quarter. Profits of domestic nonfinancial corporations increased $7.9 billion, compared with an increase of $34.7 billion. Rest-of-the-world profits increased $6.5 billion, compared with an increase of $38.7 billion. In the third quarter, receipts decreased $9.1 billion, and payments decreased $15.6 billion.

27-Nov-19 8:47 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
US Real GDP
grew
at an annualized rate of 2.1% in Q3, revised from 1.9%
2.1%
2.0%
collapse/expand
Second Estimate:
Real gross domestic product (GDP) increased at an annual rate of 2.1 percent in the third quarter of 2019 (table 1), according to the "second" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 2.0 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 1.9 percent. With the second estimate for the third quarter, upward revisions to private inventory investment, nonresidential fixed investment, and personal consumption expenditures (PCE) were partially offset by a downward revision to state and local government spending (see "Updates to GDP" on page 2).

27-Nov-19 8:39 AM ET - U.S. Bureau of Economic AnalysisNext: 20-Dec-19
New Home Sales
fell
0.7% in Oct, to 733,000/yr
733,000
738,000
collapse/expand
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, THURSDAY, OCTOBER 24, 2019 MONTHLY NEW RESIDENTIAL SALES, SEPTEMBER 2019 Release Number: CB19-162 October 24, 2019 - 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 2019: NEW RESIDENTIAL SALES SEPTEMBER 2019 New Houses Sold 1 : 701,000 New Houses For Sale 2 : 321,000 Median Sales Price: $299,400 Next Release: November 26, 2019 1 Seasonally Adjusted Annual Rates 2 Seasonally Adjusted Source: U.S. Census Bureau, HUD, October 24, 2019 New Home Sales Sales of new single-family houses in September 2019 were at a seasonally adjusted annual rate of 701,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.7 percent (±16.1 percent)* below the revised August rate of 706,000, but is 15.5 percent (±20.2 percent)* above the September 2018 estimate of 607,000. Sales Price The median sales price of new houses sold in September 2019 was $299,400. The average sales price was $362,700. For Sale Inventory and Months' Supply The seasonally-adjusted estimate of new houses for sale at the end of September was 321,000. This represents a supply of 5.5 months at the current sales rate. The October report is scheduled for release on November 26, 2019. View the full schedule in the Economic Briefing Room: . The full text and tables for this release can be found at . 0200400600800Sep-14 Sep-15 Sep-16 Sep-17 Sep-18 Sep-19 Thousands of Units New Residential Sales (Seasonally Adjusted Annual Rate) Houses Sold Source: U.S. Census Bureau, HUD, October 24, 2019
26-Nov-19 10:54 AM ET - USCBNext: 23-Dec-19
Case-Shiller 20-City Home Price Index
rose
2.1% in Sep vs. previous year, to 218.27
2.1%
2.0%
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.
26-Nov-19 9:03 AM ET - Standard & Poor'sNext: 31-Dec-19
US Consumer Confidence
rose
to 96.8 in Nov, up from 95.5 in Oct
96.8
95.5
collapse/expand

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.
22-Nov-19 10:46 AM ET - Thompson Reuters U. MichiganNext: 20-Dec-19
Existing Home Sales
rose
1.9% in Oct, to 5,460,000/yr
5,460,000
5,360,000
collapse/expand
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.
21-Nov-19 11:37 AM ET - National Association of RealtorsNext: 19-Dec-19
Home Sales Inventory
fell
4.9% in Oct, to 3.9 months, to the lowest level in 7 mos
3.9
4.1
collapse/expand
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.
21-Nov-19 11:37 AM ET - National Association of RealtorsNext: 19-Dec-19
Canada Inflation
rose
to 1.9% in Oct, up from 1.8% in Sep
1.9%
1.8%
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.

20-Nov-19 9:20 AM ET - Statistics CanadaNext: 18-Dec-19
Housing Starts
rose
3.8% in Oct, to 1,314,000/yr
1,314,000
1,266,000
collapse/expand
Privately-owned housing starts in October 2019 were at a seasonally adjusted annual rate of 1,314,000. This is 3.8 percent (+/- 8.7%)* above the revised September 2019 estimate of 1,266,000.


October 2019: +3.8* % change
September 2019 (r): -7.9* % change

19-Nov-19 10:36 AM ET - USCBNext: 17-Dec-19
US Retail Sales
rose
0.3% in Oct, to $526.5 Billion, the highest level in 7 mos
0.3%
-0.3%
collapse/expand
U.S. retail and food services sales for October 2019 were $526.5 billion, an increase of 0.3 percent (+/-0.4%)* from the previous month.


October 2019: 0.3* % change
September 2019 (r): -0.3 % change

15-Nov-19 9:31 AM ET - USCBNext: 13-Dec-19
EU Inflation (HICP)
fell
to 0.7% in Oct, down from 0.8% in Sep & the lowest since Nov 2016
0.7%
0.8%
collapse/expand
The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB).
15-Nov-19 7:44 AM ET - EurostatNext: 18-Dec-19
US Treasury reported a
deficit
of $134 Billion in Oct
-$134
$83
collapse/expand
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.

14-Nov-19 8:45 AM ET - US Department of the TreasuryNext: 11-Dec-19
US Producer/Wholesale Price Index
rose
0.4% in Oct, the most in 7 mos
0.4%
-0.3%
collapse/expand
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-Nov-19 8:34 AM ET - U.S. Bureau of Labor StatisticsNext: 12-Dec-19
Overall US Inflation
rose
0.4% in Oct, the most in 7 mos
0.4%
0.0%
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.
13-Nov-19 8:32 AM ET - U.S. Bureau of Labor StatisticsNext: 11-Dec-19
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.
13-Nov-19 8:32 AM ET - U.S. Bureau of Labor StatisticsNext: 11-Dec-19
UK Producer/Wholesale Price Inflation
fell
to 0.8% in Oct, down from 1.2% in Sep & the lowest since Aug 2016
0.8%
1.2%
collapse/expand
  • The headline rate of output inflation for goods leaving the factory gate was 0.8% on the year to October 2019, down from 1.2% in September 2019.

  • The growth rate of prices for materials and fuels used in the manufacturing process was negative 5.1% on the year to October 2019, down from negative 3.0% in September 2019.

  • Petroleum made the largest downward contribution to the change in the annual rate of output inflation.

  • Crude oil provided the largest downward contribution to the change in the annual rate of input inflation.

13-Nov-19 7:06 AM ET - UK Office of National StatisticsNext: 18-Dec-19
UK Inflation
fell
to 1.5% in Oct, down from 1.7% in Sep & the lowest since Nov 2016
1.5%
1.7%
collapse/expand
  • The Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate was 1.5% in October 2019, down from 1.7% in September 2019.

  • The largest downward contribution to change in the CPIH 12-month inflation rate, between September and October 2019, came from electricity, gas and other fuels as a result of changes to the energy price cap.

  • Further downward contributions from furniture, household equipment and maintenance; and recreation and culture, were partially offset by rises in clothing and footwear prices.

  • The Consumer Prices Index (CPI) 12-month inflation rate was 1.5% in October 2019, down from 1.7% in September 2019.

13-Nov-19 7:06 AM ET - UK Office of National StatisticsNext: 18-Dec-19
UK Unemployment Rate
fell
to 3.8% in Sep, down from 3.9% in Aug
3.8%
3.9%
collapse/expand
12-Nov-19 7:32 AM ET - UK Office of National StatisticsNext: 17-Dec-19
UK GDP
grew
0.3% in the 3 months to Sep
0.3%
0.3%
collapse/expand
Commenting on today's GDP figures for Quarter 3, an ONS Statistician said:

GDP grew steadily in the third quarter, mainly thanks to a strong July. Services again led the way with construction also performing well. Manufacturing failed to grow as falls in many industries were offset by car production bouncing back following April shutdowns.

11-Nov-19 7:31 AM ET - UK Office of National StatisticsNext: 10-Dec-19
Canada Unemployment Rate
remained at
5.5% in Oct
5.5%
5.5%
collapse/expand
The Canadian unemployment rate is reported monthly by Statistics Canada.
08-Nov-19 8:32 AM ET - Statistics CanadaNext: 06-Dec-19
US Productivity
decreased
at an annualized rate of 0.3% in Q3,
-0.3%
2.3%
collapse/expand
Preliminary:
Third Quarter 2019, Preliminary

Nonfarm business sector labor productivity decreased 0.3 percent in the third quarter of 2019, the U.S. Bureau of Labor Statistics reported today, as output increased 2.1 percent and hours worked increased 2.4 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) From the third quarter of 2018 to the third quarter of 2019, productivity increased 1.4 percent, reflecting a 2.3-percent increase in output and a 0.9-percent increase in hours worked. (See table A1.)
06-Nov-19 8:32 AM ET - U.S. Bureau of Labor StatisticsNext: 10-Dec-19
US Unemployment Rate
rose
to 3.6% in Oct, up from 3.5% in Sep
3.6%
3.5%
collapse/expand
Total nonfarm payroll employment rose by 128,000 in October, and theunemployment rate was little changed at 3.6 percent, the U.S. Bureauof Labor Statistics reported today. Notable job gains occurred in foodservices and drinking places, social assistance, and financial activities.Within manufacturing, employment in motor vehicles and parts decreaseddue to strike activity. Federal government employment was down, reflectinga drop in the number of temporary jobs for the 2020 Census. This news release presents statistics from two monthly surveys. Thehousehold survey measures labor force status, including unemployment,by demographic characteristics. The establishment survey measures nonfarmemployment, hours, and earnings by industry. For more information aboutthe concepts and statistical methodology used in these two surveys, seethe Technical Note.

Household Survey Data

Both the unemployment rate, at 3.6 percent, and the number of unemployedpersons, at 5.9 million, changed little in October. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men(3.2 percent), adult women (3.2 percent), teenagers (12.3 percent),Whites (3.2 percent), Blacks (5.4 percent), Asians (2.9 percent), andHispanics (4.1 percent) showed little or no change in October. (Seetables A-1, A-2, and A-3.)
01-Nov-19 10:50 AM ET - U.S. Bureau of Labor StatisticsNext: 06-Dec-19
US NonFarm Payroll
rose
128,000 in Oct
128,000
180,000
collapse/expand
Total nonfarm payroll employment rose by 128,000 in October, and theunemployment rate was little changed at 3.6 percent, the U.S. Bureauof Labor Statistics reported today. Notable job gains occurred in foodservices and drinking places, social assistance, and financial activities.Within manufacturing, employment in motor vehicles and parts decreaseddue to strike activity. Federal government employment was down, reflectinga drop in the number of temporary jobs for the 2020 Census. This news release presents statistics from two monthly surveys. Thehousehold survey measures labor force status, including unemployment,by demographic characteristics. The establishment survey measures nonfarmemployment, hours, and earnings by industry. For more information aboutthe concepts and statistical methodology used in these two surveys, seethe Technical Note.

Household Survey Data

Both the unemployment rate, at 3.6 percent, and the number of unemployedpersons, at 5.9 million, changed little in October. (See table A-1.)

Among the major worker groups, the unemployment rates for adult men(3.2 percent), adult women (3.2 percent), teenagers (12.3 percent),Whites (3.2 percent), Blacks (5.4 percent), Asians (2.9 percent), andHispanics (4.1 percent) showed little or no change in October. (Seetables A-1, A-2, and A-3.)
01-Nov-19 10:50 AM ET - U.S. Bureau of Labor StatisticsNext: 06-Dec-19
1-Yr ARM
remained at
2.68% on Dec 31
2.68%
2.68%
collapse/expand
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