Source: Federal Reserve Bank of New York New York’ manufacturing activity picked up in November on strong demand and job creation. DXY down -0.01%, EUR USD down -0.04%. The Empire State Manufacturing Survey’s general business conditions index increased to 30.9 in November from 19.8 in October.In November, 43% of the surveyed firms indicated that the business conditions … [Read more...] about New York Manufacturing Activity Gained Momentum in November
Trade Surplus Declines to €7.3B in the Euro Area, €0.5B in the EU in Sept.
Source: Eurostat International trade in goods in the euro area reached a surplus of 7.3 billion euros, declining from a surplus of 24.1 billion euros in the prior year. DAX is up +0.15%, EURUSD is up +0.05%. The decline in trade surplus in the euro area reflected a higher 21.6% increase in imports, compared to a 10.0% jump in exports. Intra-euro area trade increased by … [Read more...] about Trade Surplus Declines to €7.3B in the Euro Area, €0.5B in the EU in Sept.
China’s Industrial Output, Retail Expands in October Topping Expectations
Source: National Bureau of Statistics of China China’s industrial output and retail sales expanded at a faster rate than expected in October despite new curbs to control COVID-19 outbreaks and supply constraints. CSI 300 Index down -0.12%, CNY USD down -0.09% Output expanded 3.5% in October from the same period a year ago, rising from a 3.1% increase in September.The … [Read more...] about China’s Industrial Output, Retail Expands in October Topping Expectations
Consumer Sentiment Slips to Decade-Low on Inflation Woes
Source: University of Michigan Consumer sentiment slipped to a decade-low in early November, dragged by concerns over the ongoing uptick in inflation. The Consumer Sentiment Index stood at 66.8, down 6.8% from October’s 76.9 and 13.1% lower than the 76.9 the same month last year.The Current Economic Conditions indicator was recorded at 73.2, down 5.8% from 77.7 in October … [Read more...] about Consumer Sentiment Slips to Decade-Low on Inflation Woes
US Job Openings Steady at 10.4 Million in September Amid Record Quits
Source: Bureau of Labor Statistics The US posted 10.4 million job openings on the last business day of September, the same as the previous month. The rate of job openings was 6.6%. SPY is up +0.17%, DXY is down -0.06%. Job openings rose the highest in healthcare and social assistance at 141,000, followed by state and local government at 114,000. Education at both local … [Read more...] about US Job Openings Steady at 10.4 Million in September Amid Record Quits
