US – Average Hourly Earnings m/m
The average US salaries were slightly higher in October at 0.4% upwards compared to the revised 0.3% in the previous month.
Compared with last year, salaries were 2.8% up.
US – Non-Farm Employment Change
The US job-market grew by 161K employed workers in October, less than the upwardly revised 191K in September.
The US economy continues to show solid job growth and wage increase. A good sign after finishing its first month of Q4.
US – Unemployment Rate
The unemployment rate in the US fell 0.1% to 4.9% in October compared to 5.0% in September.
US – Trade Balance
The US trade deficit was $36.4B in September, down $4.0B from a revised $40.5B in August.
September exports were $189.2B, $1.0B more than August exports. Imports were $225.6B, $3.0B less than August imports.
US – FOMC Member Fischer Speaks
At an IMF conference in Washington on Friday, Stanley Fisher said that the US economy could “to some extend exceed our employment and inflation targets,”
Canada – Employment Change
Employment in Canada increased by 43,9K in October following an increase of 67,2K the previous month. This was a much stronger figure than the 10K decline expected by analysts.
Canada – Unemployment Rate
The Canadian unemployment rate remained at 7.0% for October, the same as last month and what the markets was expecting.
More people were employed in construction, wholesale and retail trade, “other services,” educational services, natural resources and public administration. At the same time, there were declines in business, building, and other support services.
Canada – Trade Balance
Canada’s trade balance ended with a higher deficit in September of 4.1B CAD compared to a revised 2.0B CAD deficit in August.
Imports rose 4.7% to a record 47.6B in September while exports were up 0.1% to 43.5B.
Canada – Ivey PMI
The Canadian Ivey PMI continued to rise to 59.4 from the strong reading of 58.4 in September.
This was the highest reading since January 2016 and also higher than the market’s forecast of 56.2.
EU – Spanish Services PMI
Spain’s PMI posted a score of 54.6 in October, down 0.1% from the reading of 54.7 in September, but still showing a solid monthly expansion of business activity.
EU – Italian Services PMI
Italy’s PMI was at 51.0 in October, up marginally from September’s 50.7.
This was the fifth consecutive month the PMI score was above 50 which signals business expansion, however, at a very moderate level.
EU – German Final Services PMI
Germany’s final services PMI score for October was confirmed at 54.2, revised upwards from the initial 54.1 flash score.
October saw a strong rebound after the services industry posted weak scores in August (50.6) and September (50.9), slightly above the 50 point mark.
EU – French Final Services PMI
The French services PMI was revised down from an initial 52.1 flash score, to 51.4 as the final number.
EU – Final Services PMI
The final number for the Eurozone PMI was revised down to 52.8, from the initial 53.5 flash score.
EU – PPI m/m
Producer prices in the Eurozone for September increased by 0.1% compared with August.
Compared with the same period last year, September 2016 decreased 1.5%.
Australia – Retail Sales m/m
The Australian retail turnover rose 0.6 % in September 2016, up from 0.5% in August.
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