Daily Roundup of Key US Economic Data for Nov. 4

02:33 PM EST, 11/04/2026 (MT Newswires) -- ADP private payrolls rose by 86,000 in October, following a matching 86,000-job gain in September. Job gains were led by the trade, transportation and utilities, education and health services and leisure and hospitality sectors, offset by a decline in the professional and business services sector. The ISM services index fell to 54.5 in October from 54.9 in September, with declines in readings for production, new orders, and prices, and an increase in the employment reading. The S&P Global nonmanufacturing index was revised lower in October to 56.1 from the flash 57.9 estimate and was below the 58.8 reading in September. The US international trade deficit narrowed slightly to $105.047 billion in September from a $105.737 billion gap in August, as exports rose more than imports. The Mortgage Bankers Association reported a 1.2% decline in mortgage applications in the week ended Oct. 30 after a 3.4% gain in the previous week. Refinancing activity was up only slightly while new home applications declined despite a drop in mortgage rates. Total crude oil inventories fell by 1.3 million barrels in the week ended Oct. 30, with commercial oil inventories down 900,000 barrels and stocks in the US Strategic Petroleum Reserve down 300,000 barrels. Gasoline inventories and distillate inventories both decreased last week. The Q4 GDP nowcast estimate from the Atlanta Fed is for a 3.4% gain, revised down from a 3.7% gain in the previous estimate.