Recent Updates
- Germany: **Wholesale Trade Prices rebased from 2010=100 to 2015=100**
- US: S&P Case Shiller Home Price Indexes (Jul); FHFA House Price Indexes (Jul); Consumer Confidence (Sep)
- US: FRB Philadelphia Nonmfg Business Outlook Survey (Sep); FRB Richmond Mfg & Service Sector Surveys (Sep); Texas Service Sector Outlook Survey (Sep)
- US: Consumer Confidence Detail (Sep)
- Canada Regional: Quebec Economic Accounts (Q2), Quebec GDP by Industry (Jun)
- Spain: International Trade (Jul), PPI (Aug), BOP (Q2)
- more updates...
Economy in Brief
U.S. FHFA House Price Rise Moderates
The Federal Housing Finance Agency (FHFA) Price Index for house purchases increased 0.2% in July (6.4% y/y)...
Philadelphia Fed Nonmanufacturing Business Activity Index Improves
The Philadelphia Fed reported that its Nonmanufacturing Business Index of current conditions at the company level increased to 46.8 in September...
U.S. Gasoline Prices Remain High; Crude Oil Costs Strengthen
Gasoline prices, at $2.84 per gallon last week (10.1% y/y), were unchanged from the prior week...
Texas Factory Sector Index Retreats; Expectations Are Mixed
The Dallas Fed indicated in its Texas Manufacturing Outlook Survey that the General Business Activity Index fell to 28.1 in September...
German IFO Index Marks Time
The German IFO Institute index has gone sideways in September...
by Tom Moeller September 13, 2005
The Manpower Employment Outlook Survey for next quarter slipped to 20, down slightly from the average of 21 during the prior three quarters. The index indicates that a net 20% of 16,000 employers expect to increase hiring activity.
Since 1980 there has been a 74% correlation between the Manpower index and the y/y change in non-farm payrolls.
Not seasonally adjusted, 20% of employers planned to raise employment in 4Q04 while 8% planned to decrease employment.
The latest press release from Manpower Inc. covering global employment prospects can be viewed here.
| Manpower Employment Survey | 4Q '05 | 3Q '05 | 4Q '04 | 2004 | 2003 | 2002 |
|---|---|---|---|---|---|---|
| All Industries - Net Higher (SA) | 20 | 21 | 20 | 19 | 11 | 11 |
