Statistical Notes Tuesday November 1
Meanwhile, the British manufacturing PMI fell to a new low of 47.4 in October, down from 50.8 in September, suggesting that fourth quarter growth will probably be non-existent or perhaps even negative.
-Monthly GDP in Canada rose by 0.3% in August, following increases of 0.4% in July and 0.2% in June.
-The U.S. manufacturing survey also dropped but by less, from 51.6 to 50.8. September construction spending rose by 0.2%, but the level for the previous month was downwardly revised by 1.7%, meaning that September construction spending was actually 1.5% below the previously reported August level.
-The Swedish manufacturing PMI rose by contrast, but is at 49.8 still slightly below the 50 threshold for expansion.
-Spain's current account deficit fell in August to €1.45 billion from €2.7 billion a year earlier. The decline in the entire January to August period was however more moderate, falling to €30.4 billion from €34.8 billion a year earlier.
-Italy's current account deficit also fell in August, but by less, from €5.95 billion last year to €5.4 billion this year. Also, unlike in Spain, the yearly change is negative.
-Retail sales in Hong Kong increased in September by 24.1% in nominal terms and 15.2% in real terms. That is a slower rate of increase than in previous months, but still faster than just about everywhere else.