Initial jobless claims fell 16,000 last week, to 323,000. The 4-week moving average fell 6,750 to 338,500. Continuing claims rose 66,000 to 2,876 million.
The October Producer Price Index declined -0.2% overall, but rose o.2% less food and energy. On a year-over-year basis, the PPI rose 0.3% at the headline level, and up 1.4% at the core.
Markit Economics’ PMI Manufacturing Index Flash rose more than three points to 54.3 in November.
The Bloomberg Consumer Comfort Index fell -1.3 points to -34.6.
The Philadelphia Fed Survey’s General Business Conditions Index fell from 19.8 in October to 6.5 in November.
The Fed’s balance sheet fell $-0.8 billion last week, with total assets of $3.907 trillion. Reserve Bank credit increased $35.1 billion.
The Fed reports that M2 Money Supply decreased by $-24.9 billion last week.
The MBA reports that mortgage applications fell -2.3% last week, with purchases up 6.0% but refinancings down -7.0%.
Consumer prices fell -0.1% in October, but rose 0.1% ex-food and -energy. On a year-over year basis, the CPI is up 0.9% overall, and 1.7% at the core level.
Business Inventories rose 0.6% in September. With a 0.2% rise in sales, the stock-to-sales ratio was unchanged at 1.29 for the fifth consecutive month.
Existing Home Sales fell -3.2% in October, to a 5.12 million annual rate. On a year-over-year basis, sales are up 6.0%.
In weekly retail sales, ICSC-Goldman reports same-store sales up 0.1% for the week, and 2.8% for the year. Redbook reports a year-on-year sales increase of 3.5%. Both are slight improvements.
Employment costs rose 0.4% in the 3rd Quarter. On a yea-over-year basis, costs are up 1.9%.
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Wholesale inventories rose 0.4% in September, but a 0.6% rise in sales kept the stock-to-sales ratio unchanged at 1.18.
The Empire State Manufacturing Survey moved into negative territory in November, at -2.21.
Export prices fell -0.5% in October, while import prices dropped -0.7%. On a year-over-year basis, export prices fell -2.1% and import prices were down -2.0%.
Industrial production fell -0.1% in October, while capacity utilization in the nation’s factories dropped to 78.1%.
The trade deficit grew in September to $41.8 billion from $38.7 billion in August.
Initial jobless claims rose 3,000 last week, to 339,000. The 4-week moving average fell 4,250 to 344,000. Continuing claims were unchanged at 2.874 million.
Nonfarm business productivity for the 3rd quarter rose 1.9 percent. Labor costs declined by -0.6%.
The Bloomberg Consumer Comfort Index rose 4 points to- 33.9. in the latest week.
The Fed’s balance sheet rose $55.8 billion last week, with total assets of $3.907 trillion. Reserve Bank credit increased $19.2 billion.
The Fed reports that M2 Money Supply decreased by $-32.4 billion last week.
The MBA reports that mortgage applications fell -1.8% last week, with purchases down -1.0% and re-fis down -2.0%.
The Atlanta Fed Business Inflation Expectations indicates inflation expectations for the next year of 1.9% in October.
The Treasury Budget for October shows a deficit of $91.6 billion for the month.
The NFIB Small Business Optimism Index fell 2.3 points in October to 91.6.
ICSC-Goldman Store Sales rose 1.2% for the week, and 2.3% for the year. Redbook, meanwhile, shows a retail sales drop from 3.8% to 3.3% on a year-ago basis.
The Chicago Fed National Activity Index was unchanged at 0.14 in September, with the 3-month moving average at -0.03.