Daily Review – Thursday 17-Nov-2016

Daily Review – Thursday 17-Nov-2016

US – PPI m/m

The producer price index was unchanged in October 0.0%, after seeing a 0.3% rise in September.

On an annual basis, the index increased 0.8% compared with October 2015, the largest 12-month rise since advancing 0.9% in December 2014.

 

US – Core PPI m/m

Excluding food and energy, the same producer price index decreased 0.2% in October, after seeing a 0.2% rise in September.

On an annual basis, the core index increased 1.6% compared with October 2015, the largest 12-month rise since advancing 1.7% in September 2014.

 

US – Crude Oil Inventories

Crude oil inventories saw a massive build up of 5.3M barrels this week, after a 2.4M barrel increase the week before.

 

US – Capacity Utilization Rate

Capacity utilization of US manufacturers, mines and utilities ticked down 0.1 point to 75.3% in October, compared to 75.4% in September.

 

US – Industrial Production m/m

Industrial production remained flat 0.0% in October, after September was revised down to -0.2%.

 

US – NAHB Housing Market Index

Homebuilder sentiment held steady in November at 63.

Results of this month’s survey came in before the presidential election and respondents held back while awaiting results.

However, builder sentiment has been well above 60 for the past 3 months, indicating a gradual growth.

 

Canada – Manufacturing Sales m/m

Canadian manufacturing sales rose for the fourth consecutive month, up 0.3% in September.

 

UK – Average Earnings Index 3m/y

During the period of Jul-Sep’16, average earnings in the UK increased 2.3% compared to the same period in 2015.

This was a similar growth rate for the period of Jun-Aug’16, compared to 2015.

 

UK – Claimant Count Change

For October there were 9.8K more people claiming unemployment-related benefits, compared with September.

 

UK – Unemployment Rate

UK unemployment rate dropped 0.1 points to 4.8%, as measured over the period from July-September 2016.

 

Australia – Wage Price Index q/q

The Australian WPI rose 0.4% in Q3’16, compared to Q2’16. Compared to the same quarter in 2015, this was a rise of 1.9%.

 

Australia – New Motor Vehicle Sales m/m

The sale of new motor vehicles in Australia decreased by 2.4% in October, compared to September which saw a 2.4% increase.

Compared to a year before October sales grew by 1.2%.

 

Australia – MI Leading Index m/m

The Melbourne Institute leading index came in at the same growth level in October as in September 0.1%.

 

Upcoming

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