Commentary

The U.S Markit Manufacturing Purchasing Managers' Index came in at 52.6 for November, while the ISM Manufacturing Index was 48.1. Construction Spending was down 0.8% for October after having been down in September.

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The U.S. Index of Leading Economic Indicators was down 0.1% for October, after having been down for the few months leading into October. U. S. Single and Multi-Family Housing Starts came in at 1.324mm units in October, up from 1.266mm units in September.

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The U.S. Consumer Price Index was up 0.4% in October, after having been flat for September. Producer prices were also up 0.4% after having been down in September. Retail Sales were up 0.3% for October.

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