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Delay in Release
of Data for Construction, MSIO, Intl Trade, Wholesale Trade, Monthly Treasury, Retail Sales, Business Sales & Inventories, and Housing Starts Due to Lapse in Federal Government Funding.
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Initial claims for jobless insurance eased to 213,000 (-2.6% y/y) during the week ended January 12...
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Passenger car registrations in Europe fell on a year-over-year comparison for the fourth consecutive months in December...
U.S. Import Prices Pulled Lower by Falling Oil Prices
Import prices fell 1.0% during December following a 1.8% November decline...
U.S. Home Builder Index Improves
The NAHB -Wells Fargo Composite Housing Market Index rose to 58 during January...
by Robert Brusca August 10, 2007
Upswing is widespread.
The OECD area is on an upswing led by the United States. That is the message from the OECD leading indicators. It is a reassuring one in the face of global credit concerns and equity market meltdown. Indicators show the upswing in the US is the clearest and strongest. It is nearly as strong as the expansion signaled in early 2006. Europe is in an upswing but its acceleration is very mild. Japan has recovery from a very weak set of showings early in 2006 and is now more clearly on the upswing. The OECD prefers its six month signal as the most reliable. Six-month percent changes are plotted in the chart on the left.
| Growth Progression-SAAR | ||||
| 3Mos | 6Mos | 12mos | Yr-Ago | |
| OECD | 5.1% | 3.4% | 2.3% | 3.2% |
| OECD7 | 5.5% | 3.1% | 1.8% | 2.5% |
| OECD Europe | 1.5% | 1.2% | 1.1% | 2.8% |
| OECD Japan | 3.4% | 0.3% | 0.5% | 2.9% |
| OECD US | 8.2% | 4.9% | 2.9% | 2.3% |
