Succinct Summation of Week’s Events 11.17.17

Succinct Summations for the week ending November 17th, 2017


1. U.S. stocks had their best day on Thursday since early September.
2. Industrial production rose 0.9% m/o/m, manufacturing rose 1.3%, both well above expectations.
3. Housing starts rose 13.7% to a 1.29 million annualized rate, above the 1.135 million expected. Permits came in at 1.297 million, above the 1.215 million expected.
4. Retail sales rose 0.2%, above the 0.1% expected increase. Previous month was revised up from 1.6% to 1.9%.
5. NFIB small business optimism index rose from 103 to 103.8, but below the 105 expected.
6. Producer Price Index rose 0.4% m/o/m, above the 0.1% expected increase.
7. MBA mortgage applications rose 3.1% w/o/w, with refinances increasing by 6%.


1. Jobless claims rose from 239k to 249k, above the 236k expected.
2. Consumer prices rose just 0.1% m/o/m, in line with expectations.
3. Import prices rose 0.2% m/o/m, below the 0.4% expected increase.
4. Export prices came in flat, below the 0.1% expected increase.

Thanks, Mike!

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