US: Initial jobless claims (Oct. 16): 290k vs 297k expected (prior: 296k revised from 293k)
- Continuing claims: 2481 k after 2603 k prior week.
US: Philadelphia Fed. (Oct.): 23.8 vs 25 expected (prior: 30.7)
- Sentiment has weakened from the prior month; highly volatile components due to still high constraints on production and delivery in the short run and related volatility on orders, inventories and employment.
- Some components as new orders were volatile but less negative than headline index
US: Existing home sales (Sept.): 6.29M vs 6.1M expected (prior: 5.88M)
- Sales have regained more than expected over the month; sales have increased in all major districts and inventories have declined.
- Prices remained high, the yearly trend being up by 13.3% y/y.
France: Business confidence (Oct.): 113 vs 110 expected (prior: 111)
- Global confidence index has regained from the prior month, while manufacturing index remained stable.
- Sentiment on production was stable but it has turned less negative on both domestic and foreign orders.
- Separately, the index on services has regained over the month after weakening trend.
- The global index remained close to its highest levels (June 2021; end of 2017).
Eurozone: Consumer confidence (Oct.): -4.8 vs -5 expected (prior: -4)
- Preliminary index has pointed to some decline in confidence, probably reflecting deteriorating purchasing power and uncertain economic outlook.
Switzerland: M3 (Sept.): 3.2% y/y vs 3.1% expected (prior: 3.2%)
- Monetary aggregates remained on stable trend; on the opposite, M1 pace has accelerated from 5.8% y/y the prior month to 6.1% y/y.
Sweden: Unemployment rate (Sept.): 8.8% vs 8.6% expected (prior: 8.8%)
- Unemployed has slightly declined over the month, but the unemployment ratio has remained stable.
Turkey: Consumer confidence (Oct.): 76.8 (prior: 79.7)
- Sentiment has declined over the month, and the index was back to its low level.
- The decrease was broad-based across components and driven lower by a sharp fall in financial situation and future economic outlook.
Poland: Retail sales (Sept.): -2.4% m/m vs -2.5% expected (prior: -1%)
- Picture was mixed across products over the month: rising sales for autos, pharma and households but sharp decline in other sectors. Yearly trend was quite stable around 5.1% y/y.