German Bond Auction Fails
U.S. 7-Year Note Auction
Bank of England Minutes
Eurozone and German PMI
Eurozone contracts for third month running in November. Near-stagnation of private sector output in November. Higher services activity helps offset sharper fall in manufacturing output.
French Business Climate
According to the business leaders of the main economic sectors, the French business climate is deteriorating in november 2011. The indicator contracted by 2 points in one month, after a sharp deterioration of 9 points between july and september and a small deterioration of 1 point between september and october. It reaches now 93 and is significantly under its long term average (100). The situation is almost the same in all economic sectors. Business climate indicators fell by two points in industry, retail trade and services, by one point in the building sector and by four points in two months in wholesade trade
U.S. Durable Goods Orders
New orders for manufactured durable goods in October decreased $1.4 billion or 0.7 percent to $197.7 billion, the U.S. Census Bureau announced today. This decrease, down two consecutive months, followed a 1.5 percent September decrease. Excluding transportation, new orders increased 0.7 percent. Excluding defense, new orders increased 0.2 percent.
Kansas City Manufacturing
The Federal Reserve Bank of Kansas City released the November Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity eased slightly in November, but expectations for future months remained relatively solid.
“Factory activity in the region grew slightly slower in November than in the previous two months, and price pressures eased a bit,” said Wilkerson. “But capital spending plans were generally solid, and many firms planned to add workers in coming months as well.”
U.S. Jobless Claims
In the week ending November 19, the advance figure for seasonally adjusted initial claims was 393,000, an increase of 2,000 from the previous week’s revised figure of 391,000. The 4-week moving average was 394,250, a decrease of 3,250 from the previous week’s revised average of 397,500.
U.S. Personal Income
Personal income increased $48.1 billion, or 0.4 percent, and disposable personal income (DPI)increased $30.2 billion, or 0.3 percent, in October, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $8.2 billion, or 0.1 percent. In September, personal income increased $15.5 billion, or 0.1 percent, DPI increased $7.8 billion, or 0.1 percent, and PCE increased $74.5 billion, or 0.7 percent, based on revised estimates.
Michigan Consumer Sentiment
U.S. Mortgage Purchase Application Demand Rises
EIA Nat Gas
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