Daily Roundup of Key US Economic Data for Nov. 19

02:53 PM EST, 11/19/2025 (MT Newswires) -- The Mortgage Bankers Association reported a 5.2% decline in mortgage applications in the week ended Nov. 14 after a 0.6% gain in the previous week.

Refinancing activity and new home applications both declined due to a third straight weekly increase in mortgage rates.

The international trade deficit narrowed to $59.55 billion in August, as imports declined and exports increased.

There were import declines for industrial supplies, consumer goods, capital goods, and foods, feeds and beverages that were partially offset by a gain in imports of autos and parts.

Total crude oil inventories fell by 2.9 million barrels in the week ended Nov. 14, with commercial oil inventories down 3.4 million barrels and stocks in the US Strategic Petroleum Reserve up 500,000 barrels. Gasoline inventories and distillate inventories both increased last week.

The Q3 GDPnow estimate from the Atlanta Fed is for a 4.2% gain, up from the previous estimate of a 4.1% gain on Nov. 17. The next estimate is scheduled to be released on Nov. 21.

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