USD news - page 15

New comment
 

US new home sales for September 593K vs 600k estimate


September New Home sales +3.1%, but prior month revised  lower to 575K from 609K

Last week existing home sales came in stronger at 5.47M vs 5.35M estimate and prior month reading of 5.3M annualized units. 

The new home sales - although up 3.1% - came in weaker on an annualized sales basis (593K vs 600K). The reason is the prior month was revised sharply lower to 575K from 609K.

  • The supply of new homes is is at low 4.8 months (vs 4.9 months - low supply).
  • Median new home prices  313,500, up 1.9%.YoY.  The YoY level change is $5,900.
  • The mean sale price came in at $377,700 up 2.7% YoY The YoY level change is $9,900
 

US initial jobless claims 258K vs. 255K estimate


Jobless claims in the US for the week of October 22nd

The US initial jobless claims came in at 258K vs. 255K estimate. The 4- week MA moved higher to 253K vs 251.75K. The prior month was revised slightly higher to 261K from 260K last week.
 

Sept US durable goods orders -0.1% vs 0.0% expected

Preliminary durable goods orders data for September

  • Prior was +0.1% m/m (revised to +0.3%)
  • Durable goods orders nondefense ex-air -1.2% vs -0.1% exp
  • Prior durable goods orders nondefense ex-air +0.9% (revised to +1.2%)
  • Durable goods orders ex-transportation +0.2% vs +0.2% exp
  • Capital goods shipments nondefense ex air +0.3% vs +0.3%
  • Prior capital goods shipments nondefense ex air -0.1% (revised to 0.0%)

The durable goods numbers will be revised in the factory orders report in November.

 

US Sept pending home sales +1.5% vs +1.0% expected


US pending home sales for September

  • Prior was -2.4%
 

US Q3 advance GDP +2.9% q/q annualized vs +2.6% expected


Highlights of the first look at US third quarter GDP. Oct 28, 2016

  • Q2 was at 1.4%
  • Personal consumption 2.1% vs 2.6% exp. Prior 4.3%
  • PCE 1.5% vs 1.4% exp.
  • Core PCE 1.7% vs 1.6% exp
  • GDP sales 2.4% vs 3.2% exp. Prior 1.3%
  • Employment costs 0.6% vs 0.6% exp. Prior 0.6%
  • Wages 0.5% vs 0.6% prior
  • Benefits 075% vs 0.5% prior
  • GDP deflator 2.2% vs 1.8% exp. Prior 0.4%. Revised to 0.5%
  • Exports 10.0% vs +1.4% prior
  • Imports +2.3% vs +0.2% prior
  • Inventories +$12B
 

September 2016 US Core PCE 1.7% vs 1.7% prior y/y


Details of the September 2016 US PCE data report 31 October 2016

  • 0.1% vs 0.1% exp m/m. Prior 0.2%
  • PCE 1.2% vs 1.0% prior y/y
  • 0.2% vs 0.1% prior m/m. Revised to 0.2%

Core PCE stays steady at 1.7% and that will be comforting to the Fed.

 

The Atlanta Fed GDPNow first estimate for Q4 in at 2.7%


The numbers are rolling off for Q4

The final Q3 estimate of 2.1% came in 0.8 PP below the actual Q3 GDP number last week.

 

US Sept construction spending -0.4% m/m vs +0.5% expected


September construction spending data

  • Prior was -0.7% m/m (revised to -0.5%)
  • Private spending -0.2%
  • Public spending -0.9%

Downward revision to Q3 GDP incoming.

 

Atlanta Fed GDPNow cuts Q4 GDP estimate to 2.3% from 2.7%


Atlanta Fed is now tracking fourth quarter growth

We're three months away from the first look at Q4 GDP but the trackers have already begun.

Yesterday, the Atlanta Fed released its first estimate of Q4 GDP at 2.7%. After weak construction spending numbers today and the ISM manufacturing index, it's already been cut by 0.4 percentage points.

From the Atlanta Fed:

"After this morning's Manufacturing ISM Report On Business from the Institute of Supply Management, the forecasts of the fourth-quarter growth rates of real consumer spending and real nonresidential equipment investment declined from 2.4 percent to 2.1 percent and 4.3 percent to 2.7 percent, respectively. The forecasts of the growth rates of real residential investment and real nonresidential structures investment declined from 3.2 percent to 2.2 percent and 0.5 percent to -0.7 percent, respectively, after the ISM Report and the construction spending release from the U.S. Census Bureau."

 

US MBA mortgage application -1.2% vs -4.1% prior


US MBA mortgage market data week ending 28 October 2016

  • Mortgage market index 486.2 vs 492.0
  • Purchase index 207.0 vs 207.8
  • Refi index 2088.0 vs 2122.5
  • 30yr mortgage rate 3.75% vs 3.71% prior
1...8910111213141516171819202122...27
New comment