Motor vehicle sales were much higher than expectations, at an annual sales rate of 16.4 million units. Sales increases from last year: GM 14%, Ford 7.2%, Chrysler 16%, Toyota 10.1%, Nissan 10.7%, Honda -0.1%, Subaru 29.9%, Hyundai 5.0%, Kia 1.3%, Audi 13.4%, BMW, -0.4%, VW -16.3%, Mazda -4.5%, Mitsubishi 69.9%, Jaguar/Land Rover 37%.
In weekly retail sales, Redbook showed 4.9% annual sales growth, while ICSC-Goldman showed a -2.8% drop for the week, and only a 2.5% annual increase.
The Gallup Economic Confidence Index rose from -35 to -25 in November.
The ISM manufacturing index rose to 57.3 in November, the strongest reading in 2 1/2 years.
The PMI Manufacturing Index rose 4 points to 54.7.
Construction spending rose 0.8% in October, mainly on government outlays. Spending is up 5.3% from a year ago.
The Gallup US Consumer Spending Measure indicates that self-reported daily spending averaged $91 in November, up $3 from October.
The MBA reports that mortgage applications fell -0.3% last week, with purchases down -0.2% and re-fis up 0.1%.
Durable goods orders dropped -2.0% in October, with ex-transportation orders also down -0.1%. On a year-over-year basis, orders are up 5.3%, while orders ex-transportation are up 4.3%.
Initial jobless claims fell 10,000 to 316,000. The 4-week average fell 7,500 to 331,750, while continuing claims fell 91,000 to 2.776 million.
The Chicago Fed National Activity Index fell from 0.14 to -0.18 for October.
The Chicago Purchasing Manager’s Index fell -2.9 points in November to 63.0.
The Bloomberg Consumer Comfort Index rose a point to -33.7 in the latest week.
The University of Michigan’s Consumer Sentiment Index rose 3.1 points to 75.1 in November.
The Conference Board’s index of leading indicators rose 0.2% in October.
In weekly retail sales, Redbook reports a 3.8% increase from the previous year. ICSC-Goldman reports a weekly sales increase of 2.6%, and a 2.1% increase on a year-over-year basis.
There are two months of Housing Starts data released today, but the shutdown is holding up the starts data. Permits data is available, however, with September permits up 5.2% to an 0.974 million annual rate. October permits jumped 6.2% to a 1.034 million annual rate.
The FHFA House Price Index rose 0.3% in September, which is an 8.5% year-over-year gain.
The S&P/Case-Shiller 20-city home price index rose 1.0% in September, showing accelerating appreciation in home prices.
The Conference Board’s consumer confidence index in November fell -0.8 points to 70.4.
The Richmond Fed Manufacturing Index jumped 12 points to 13 in November.
The State Street Investor Confidence Index fell more than four points to 91.3.
The Pending Home Sales Index fell -0.6% to 102.1 in October, the 5th consecutive monthly decline.
The Dallas Fed Manufacturing Survey’s Business Activity Index fell -1.7 points to 1.9 in November. Conversely, though, the production index rose 3.6 points to 16.9.
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%.