Low mortgage interest rates fuel homebuilding in the Mountain West and South; the labor market continues its slow a… https://t.co/1pEhb0NBpS
Monthly GDP Index from Macroeconomic Advisers by IHS Markit for October
Monthly GDP rose 0.2% in October following a robust, 0.6% increase in September that was revised higher by 0.3 percentage point. The October increase was fully accounted for by net exports; a moderate increase in domestic final sales in October was essentially offset by a small decline in nonfarm inventory investment. The level of GDP in October was 2.0% above the third-quarter average at an annual rate. Implicit in our forecast of 1.9% GDP growth in the fourth quarter is a small decline in GDP in November followed by resumed growth in December.
Macroeconomic Advisers by IHS Markit's index of Monthly GDP (MGDP) is a monthly indicator of real aggregate output that is conceptually consistent with real Gross Domestic Product (GDP) in the National Income and Product Accounts. The Monthly GDP Index is consistent with the NIPAs for two reasons: first, MGDP is calculated using much of the same underlying monthly source data that is used in the calculation of GDP. Second, the method of aggregation to arrive at MGDP is similar to that for official GDP. Growth of MGDP at the monthly frequency is determined primarily by movements in the underlying monthly source data, and growth of MGDP at the quarterly frequency is nearly identical to growth of real GDP.
- Federal Reserve’s Beige Book: Upper Midwest and Plains see stagnant consumer spending and hiring as COVID-19 cases rise
- Capital Markets Weekly: Ant Group to sell record IPO
- Chile’s new constitution
- Weekly Pricing Pulse: Commodity prices reflect optimism as US stimulus talks continue
- Capital Markets Weekly: Record EU offering to boost ESG sector
- Weekly Pricing Pulse: Commodity markets revive after China-led hiatus
- Capital Markets Weekly: Italy issues first negative-yield three-year bond
- Weekly Pricing Pulse: A quiet week in commodity markets
This week’s highlight is the Ant Group IPO in Shanghai and Hong Kong, priced to raise a record USD34.4 billion.… https://t.co/qjwVeIsk8l