- Sales of merchant wholesalers for September were up 1.3% from the previous month, and were up 8.5% a year ago, according to the U.S. Census Bureau. Inventories increased 0.3% in September, following a 0.8% increase in the previous month. The inventories/sales ratio was 1.27 in September, compared with 1.32 a year ago.
- The advance figure for initial claims for unemployment insurance was 239 thousand in the week ending November 4, an increase of 10 thousand from the previous week. The 4-week moving average was 231.25 thousand, a decrease of 1.25 thousand from the previous week’s average.
- The number of jobs openings was little changed at 6.1 million on the last business day of September, according to the U.S. Bureau of Labor Statistics. The number of hires and separations were also little changed at 5.3 million and 5.2 million, respectively.
- Consumer credit increased at a seasonally adjusted annual rate of 6.6% in September. Revolving credit increased 7.7%, while non-revolving credit increased 6.3%.
- The results of Freddie Mac’s Primary Mortgage Market Survey showed average fixed mortgage rates moving higher. The 30-year fixed mortgage rate averaged 3.57% for the week ending November 10, up from last week when it averaged 3.54%. A year ago at this time, the 30-year fixed-rate averaged 3.98%. The 15-year fixed mortgage rate averaged 2.88%, up from last week when it averaged 2.84%. A year ago at this time, the 15-year fixed-rate averaged 3.20%.
- Mortgage applications remained unchanged from a week earlier, according to data from Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 6th.
- The Thomson Reuters/University of Michigan Index of Consumer Sentiment, preliminary, for November declined to 97.8, from the final reading of 100.7 in October. The Current Conditions Index decreased to 113.6, from 116.5, while the Index of Consumer Expectations decreased to 87.6, from 90.5.
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