In U.S. economic news, the second estimate of GDP in the third quarter was a growth of 3.3%, up from the prior-quarter’s figure of 3.0% and just above consensus estimates of 3.2%. Germany’s unemployment declined to 18,000 in November from October as the jobless rate held steady at 50.6%. Manufacturing growth in India expanded as PMI was released as 52.6 in November, gaining from the 50.3 reported in October.
In U.S. economic news, durable orders for October fell 1.2%, below the prior-period’s 2.2% increase and missing analysts’ estimates of 0.4% growth. Germany’s GDP grew 0.8% sequentially, expanding from the 0.6% reported in the second quarter and in-line with economists’ estimates. Taiwan’s third-quarter real GDP grew by 3.10% year-over-year, slightly lower than the previous estimate of 3.11%, and higher than the upwardly-revised 2.28% on-year growth reported in the second quarter.
In U.S. economic news, retail sales grew 0.2% in October, below the prior month’s upwardly-revised 1.9% rise, but besting estimates of a 0.1% gain. The U.K. retails grew 0.3% in October, ahead of economists’ predictions of a 0.2% gain. Moody’s has announced that they have upgraded Indian sovereign debt from Baa3 to Baa2. Economic and institutional reforms prompted the ratings agency to make the change which indicates a change from “stable” to “positive.”
In U.S. economic news, wholesale inventories grew 0.3% in September, below the downwardly-revised 0.8% gain seen in the prior month, and in-line with consensus estimates. Elsewhere, the UK industrial production grew 0.7% in September, more than doubling the 0.3% expansion seen in August, and besting economists’ estimates of a 0.3% gain. Finally, Hong Kong’s GDP grew 3.6% on year in the third quarter, slowing pace from the 3.9% growth realized in the second quarter, and maintaining the downward trend as the first quarter saw a 4.3% expansion.
In U.S. economic news, empire manufacturing was reported as 30.2 for October, rising from prior-period results of 24.4, and above consensus estimates of 21.0. Separately, the Eurozone current account surplus rose to EUR33.3 billion in August, gaining from the EUR31.5 billion surplus reported in July. Finally, Japan’s all industry activity index grew 0.1% on month in August, reversing course from the 0.1% loss seen in the prior month, yet missing economists’ estimates of a 0.2% growth.
In U.S. economic news, PPI was reported as a 0.4% increase for September, in-line with consensus estimates, and besting prior-period results of a 0.2% gain. Separately, Eurozone’s industrial production grew by 1.4% month-on-month for August, outpacing July’s 0.3% and above economists’ estimates of 0.6%. Finally, China’s exports grew 8.1% year-over-year in September, lower than economists’ forecasts of a 10.0% gain, yet surpassing prior-month results of a 5.5% climb.
In U.S. economic news, consumer confidence for September came in at 119.8, lower than August’s downwardly-revised reading of 120.4, but above economists’ estimates of 119.4. Separately, the Eurozone economic sentiment index increased to 113.0 in September, following the prior-month’s report of 111.9 and was higher than economists’ estimates of 112. Finally, Japan’s housing starts decreased 2.0% year-on-year in August, missing expectations of an increase of 0.6% but ahead of July’s 2.3% decline.
In U.S. economic news, the Philadelphia Fed Index for September closed higher at 23.8, above both Augusts’ 18.9 reading and estimates of 17.1. Separately, France’s GDP for Q2 expanded 0.5% sequentially, matching that of the first quarter and in-line with economists’ estimates. Finally, the jobless rate in Taiwan fell to 3.76% in August from the 3.78% drop seen in July, missing economists’ expectations of a 3.80% rise.
In U.S. economic news, CPI for the month of August was released as a 0.4% increase, above the prior period’s 0.1% increase, and besting consensus estimates of a 0.3% gain. Separately, U.K. jobless rate fell to 4.3%, lower than the economists’ estimate of 4.4%, and marks the lowest since 1975. Finally, The surplus trade balance grew in Indonesia to $1.72 billion in August from the $274.4 million deficit reported in July, topping forecasts of a $548.0 million increase.
In U.S. economic news, the second estimate for Q2 GDP was reported as a 3.0% expansion, higher than the prior estimate of 2.6% and economists’ estimates of a 2.7% increase. Separately, Greece’s GDP advanced 0.5% sequentially in the Q2, matching the same rate of the upwardly-revised first-quarter. Finally, South Korea’s consumer prices for August grew 2.6%, exceeding last month’s reading and economists’ forecasts for a 2.2% increase.