September CoreLogic Home Price Index up 0.4 percent from August and 3.5 percent year-on-year
The September CoreLogic Home Price Index (HPI™) rose 0.4 percent from August and 3.5 percent year-on-year. In addition, the CoreLogic HPI Forecast indicates annual price growth will increase another 5.6 percent by September 2020.
3Q 2019 labor productivity slipped 0.3 percent, first decline since 4Q 2015
Nonfarm business sector labor productivity decreased for the first time since late 2015 in the third quarter of 2019, falling by 0.3 percent in the third quarter of 2019 as output increased 2.1 percent and hours worked increased 2.4 percent. However, from the third quarter of 2018 to the third quarter of 2019, productivity increased 1.4 percent, reflecting a 2.3-percent increase in output and a 0.9-percent increase in hours worked.
Inflation tracker PCE price index flat in September, up just 1.3 percent year-on-year
Both the inflation-tracking overall PCE price index and the index excluding food and energy were flat in September. Year-over-year, the PCE price index rose 1.3 percent, while the index excluding food and energy increased 1.7 percent, or below the 2.0-percent level preferred by the Federal Reserve.