Statistical Notes Wednesday December 7
-U.S. manufacturing orders fell 0.4% in October. In contrast to its manufacturing counterpart, the ISM non-manufacturing index for November fell, but was at 52 still above the 50 threshold for expansion.
-Australia's current account deficit fell to $5.6 billion in the third quarter, less than 2% of GDP, while real net national disposable income (essentially terms of trade adjusted GDP) rose by 1.9% (7.8% at an annualized rate) in the third quarter compared to the second and by 6% compared to Q3 2010.
-German factory orders rebounded by 5.2% in October, but that was after three consecutive monthly declines and orders were still 3.4% below its June peak. However, they were still up by 5.6% compared to October 2010. Similarly, industrial production rose by 0.8% compared to September while stilling being 2.4% below its July peak and up by 4% compared to October 2010.
-Euro area services PMI fell to 47.5 in November, down from 47.8 in October.
-Consumer price inflation in Taiwan fell to 1.0% in November, from 1.2% in October.
-Employment in Israel rose as much as 4.1% in September compared to a year earlier, while average real wages rose a more moderate 0.6% compared to a year earlier.