| Today's Economy
Happy Thanksgiving From Economy.com! Economy.com will next be updated on Monday, November 27. Economic Roundup: Factory Conditions Strong Despite October Reading Fall in durable goods orders led us to lower our high-frequency GDP model's fourth quarter estimate. New U.S. Sanctions on North Korea a Risky Strategy Trump needs Beijing on his side, and the latest measures have caused angst. Economic Briefing: Global Equities Enjoy Stellar Upswing European stocks have largely brushed Germany's political uncertainty aside. » VIEW MORE TODAY'S ECONOMY
Commentary
U.S. Weekly Highlights and Preview, November 22, 2017 September's gain in new-home sales likely won’t stick. Europe Weekly Highlights and Preview, 22 November, 2017 Final GDP data for Italy and Spain should show that the euro zone recovery is broad-based. Venezuela Outlook: Protracted Economic Woes The streets have quieted, but the political, social and economic crisis deepens. U.S. Chartbook: Growth Remains Solid Manufacturing is broadly improving, and inflation remains subdued. » VIEW MORE COMMENTARY
Today's Economic Indicators
United States
MBA Mortgage Applications Survey
November 17: 0.1%
Mortgage applications were largely unchanged last week. Peru
GDP
2017Q3: 2.4%
Peru’s economy expanded cautiously in the third quarter as flood-wrought damages weighed on economic activity. United States
Jobless Claims
November 18: 239,000
As expected, initial claims for unemployment insurance benefits fell 13,000 from the previous week’s revised level to 239,000 in the week ended November 18. United States
Durable Goods (Advance)
Oct. 2017: -1.2%
New orders for durable manufactured goods surprised to the downside in October, shedding 1.2%. United States
St. Louis Fed Financial Stress Index
November 17: -1.553
Financial stress conditions increased modestly to -1.55 as U.S. stocks moved lower for a second consecutive week. United States
University of Michigan Consumer Sentiment Survey
Nov. 2017: 98.5
Despite falling, consumer sentiment beat expectations in the final November report. United States
Oil Inventories
November 17: 457.1 mil barrels
Crude oil inventories fell by 1.9 million barrels in the week ended November 17, slightly more than industry analysts expected, but the decline will not provide much momentum for prices. Gasoline inventories were unchanged compared with analyst expectations of a 44,000-barrel rise. United States
Natural Gas Storage Report
November 17: -46 bil cubic feet
A larger than expected decline in natural gas inventories will give momentum to gas prices. United States
FOMC Minutes
Nov. 2017:
The minutes from the October 31 and November 1 meeting of the Federal Open Market Committee showed the central bank remains committed to gradually raising interest rates, but there are a number of issues worrying policymakers. New Zealand
Retail Trade
2017Q3: 0.2%
New Zealand's retail trade softened in the September quarter, following the surge in June related to an influx of overseas visitors for sporting events. » VIEW MORE ECONOMIC INDICATORS | 