Leo McKenzie

In U.S. economic news, export prices ex-ag. for September fell 0.6% following a 1.3% loss in August, while import prices ex-oil for September fell 0.3% compared to August’s 0.4% decline. In the UK, construction output declined for the second consecutive month in August, falling 4.3%, much lower than the 1.0% decline in July. Elsewhere, the Greek unemployment rate remained steady during July at 25.0%, matching June’s figure. Finally, Australian home loans increased a seasonally adjusted 2.9% to 54,546 in August.

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In U.S. economic news, personal income for August rose 0.3%, below the upwardly-revised increase of 0.5% in July from 0.4%, while personal spending grew 0.4%. Meanwhile, Eurozone retail sales remained flat in August following July’s upwardly-revised 0.6% increase, and topping economists’ expectations of a 0.1% decline. Elsewhere, Japan’s average household spending rose 2.9% in August, while China’s manufacturing conditions hit the lowest point in six-and-a-half years as weak foreign demand led to dramatically less orders in September.

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In U.S. economic news, the MBA Mortgage Index rose 13.9% during the week ended Sep 19, improving from a 7.0% decline seen in the prior week. Separately, the third estimate for Q2 GDP showed an expansion of 3.9%, up from the prior estimate of 3.7%, and surpassing estimates of a 3.7% increase. In the Eurozone, private sector growth slowed in the month of September, while overall economic growth grew 0.4%. Finally, China’s leading index advanced 1.0% in August, building upon the increases of 0.9% and 0.5% seen in July and June, while the coincident index rose 0.8% after a rise of 1.1% in July.

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