U.S. Housing Starts Down 0.3% In October
U.S. housing starts in September fell 0.3% to 628.000 vs. revised (28.000 lower???) 658.000 September reading. Consensus was at 610.000. On year level U.S. housing starts are up 16.5%.
Global Macro Perspectives
U.S. housing starts in September fell 0.3% to 628.000 vs. revised (28.000 lower???) 658.000 September reading. Consensus was at 610.000. On year level U.S. housing starts are up 16.5%.
Initial jobless claims in the U.S. were reported at 388.000 vs. 395.000 consensus and last week revised (up 3.000) reading of 393.000.
Nonfarm payrolls rose 80.000 in October; Consensus was at 95.000; September reading was an increase of 158.000 (revised up 55.000). Unemployment was reported at 9.0% vs. prior reading and consensus of 9.1%.
Initial jobless claims in the U.S. were reported at 402.000 vs. 401.000 consensus and last week revised (up 1.000) reading of 404.000.
Challenger’s count of layoff announcements was reported at 42,759 in October vs. 115,730 in September.
ADP Employment rose 110,000 in October vs. revised (up 25,000) gain of 116,000 in September.
Initial jobless claims in the U.S. were reported at 402.000 vs. 401.000 consensus and last week revised (up 1.000) reading of 404.000.
U.S. GDP growth for Q3 was reported at 2.5%; consensus was at 2.5%. Q2 2011 reading was at 1.3%.
Durable goods new orders fell 0.8% in September vs. -1.0% consensus and 0.1% fall in August.
Seasonly adjusted S&P/Case-Shiller HPI 10 city fell 0.2% in August; On year level 10 city index is down 3.6%.
Chicago Fed National Activity Index for September was reported at -0.22 vs. revised August reading of -0.59. Chicago Fed National Activity Index 3-month moving average is at -0.21.
Philadelphia FED General Business Conditions Index rose from -17.5 to 8.7. Consensus was at -9.4.
Initial jobless claims in the U.S. were reported at 403.000 vs. 400.000 consensus and last week revised (up 5.000) reading of 409.000.
U.S. housing starts in September rose 15.0% to 658.000 vs. revised (1.000 higher) 572.000 August reading. Consensus was at 590.000. On year level U.S. housing starts are up 10.2%.
U.S. consumer price index rose 0.3% in September vs. 0.3% consensus and August reading of 0.4%. On year level CPI inflation is running at 3.9%.