Recent Updates
- Israel: Average Housing Prices (Q2)
- Japan: NCI Economic Activity Index (Aug)
- US: NAHB/Wells Fargo Housing Market Index (Aug)
- Canada: Wholesale trade, MSIO (June)
- Pakistan: Foreign Currency Deposits and Utilization (JUL)
- more updates...
Economy in Brief
U.S. Empire State Manufacturing Index Plummets in August; Lowest Since May '20
The Empire State Manufacturing Index of General Business Conditions plunged to -31.3 in August...
U.S. Import and Export Prices Fall in July; Deepest Since April 2020
Import prices fell 1.4% m/m (8.8% y/y) in July...
U.S. Housing Affordability Declines Further in June
The NAR Fixed Rate Mortgage Housing Affordability Index fell 3.6% in June...
EMU Output Makes Solid Gain in June
The European Monetary Union posted a 0.7% increase for industrial output in June...
U.S. Producer Prices Fall During July; Core Increase Weakens
The Producer Price Index for Final Demand fell 0.5% during July...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca November 1, 2007
The UK distributive trades survey shows a slowing of the UK economy. Sales are at a +13 from a year ago and at +7 for this time of year (Chart). Each of those figures is about at the midpoint of their respective ranges. Orders at -1 stand in the bottom third of their range. This is a slowdown in progress. The outlook is however more upbeat. Sales are expected to post a +28 next month and that expectation is a top 16% of range expectation. The graph on the left shows the recent volatility in sales. For the moment it appears as though industry respondents are not taking the slowdown very seriously. The other outlook measures at the bottom of the table are strong to firm in their respective ranges as well.
UK Distributive volume data CBI Survey | |||||||||
---|---|---|---|---|---|---|---|---|---|
Reported: | Oct-07 | Sep-07 | Aug-07 | Jul-07 | 12MO Avg | %tile | Max | Min | Range |
Sales/Yr Ago | 13 | 40 | 30 | 4 | 21 | 49% | 49 | -21 | 70 |
Orders/Yr Ago | -1 | 38 | 18 | 1 | 16 | 31% | 42 | -20 | 62 |
Sales: Time/Yr | 7 | 32 | 23 | 11 | 17 | 56% | 32 | -25 | 57 |
Stocks: Sales | 5 | 10 | 19 | 12 | 10 | 22% | 30 | -2 | 32 |
Expected: | |||||||||
Sales/Yr Ago | 28 | 33 | 0 | 19 | 20 | 84% | 36 | -15 | 51 |
Orders/Yr Ago | 26 | 23 | -4 | 16 | 16 | 89% | 32 | -24 | 56 |
Sales: Time/Yr | 12 | 28 | 8 | 13 | 15 | 61% | 29 | -15 | 44 |
Stocks: Sales | 7 | 15 | 8 | 8 | 8 | 53% | 22 | -10 | 32 |