Recent Updates
- Euro area: Flash Consumer Confidence (Apr)
- Ireland: Producer & Wholesale Price Indexes (Mar)
- UK: Capital Issuance (Mar)
- Spain: Trade in Constant Prices, Trade in Goods (Feb)
- Germany: Federal Budget, PPI, Monthly Tax Revenue (Mar), Short-term Indicator (Feb), Public Sector Finance (Q4)
- Colombia: Imports (Feb); Brazil: IPCA-15 (Apr)
- Turkey: Non-Domestic PPI, House Sales, Central Government and Domestic Debt by Instrument, External Debt by Lender, Domestic
- more updates...
Economy in Brief
German PPI Accelerates
The German year-on-year PPI has generally been decelerating since early 2017...
U.S. Leading Economic Indicators Signal Continued Expansion
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% during March...
Philadelphia Fed Factory Conditions Improve; Prices Jump
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rose to 23.2 during April...
U.S. Initial Claims for Unemployment Insurance Are Little Changed
Initial unemployment insurance claims slipped to 232,000 (-6.1% y/y) during the week ended April 14...
U.K. Retail Sales Fall
U.K. GDP is expected to cool its jets when the first quarter GDP number is released...
by Robert Brusca September 14, 2007
Italy joins the trend of EU members with weak IP in July. The UK and Germany are already there. For Italy the weakness is broad-based. Consumer goods output remains negative. Intermediate goods output also remains negative and is moving further in that direction. Only capital goods output is still positive but hovering at a weak rate of growth. The weakening in the Euro area encapsulates its largest and strongest economy, Germany, plus one of its large but weaker members, Italy. It is hard to tell how much it will spread. And we have yet to see what all the financial disturbances will do to growth in September and beyond.
Saar except m/m | Jul-07 | Jun-07 | May-07 | 3-mo | 6-mo | 12-mo |
IP-MFG | -0.4% | -0.7% | 0.4% | -2.9% | -3.8% | -0.2% |
Consumer Goods | 0.5% | -1.5% | 0.3% | -2.5% | -4.1% | -0.6% |
Capital Goods | 0.3% | -0.9% | 1.2% | 2.4% | -2.2% | 3.5% |
Intermediate Goods | -1.5% | 0.0% | 0.6% | -3.3% | -4.3% | -1.4% |
Memo | ||||||
Transportation | -1.1% | 0.5% | 5.6% | 21.5% | 9.7% | 4.6% |