Recent Updates
- France: **France Wages and Earnings Rebased to Q2-2017=100**
- Flash PMIs: Japan, France, Germany, Euro Area, US (Sep)
- Canada: CPI (Aug), Retail Trade (Jul)
- Canada Regional: CPI by Province (Aug), Retail Trade by Province (Jul)
- Norway: International Reserves (Aug), Government Debt (Q2); Finland: Quarterly Sector Accounts, Government Balance (Q2); Denmark: Property Price Indexes (Q2); Iceland: Wage Index (Aug)
- Turkey: IIP & Intl Reserves (Jul); South Africa: Retail Survey (Q4); Mauritius: PPI (Jun); Lebanon: CPI (Aug)
- more updates...
Economy in Brief
U.S. Leading Economic Indicators Increase
The Conference Board's Composite Index of Leading Economic Indicators increased 0.4% (6.4% y/y)...
U.S. Existing Home Sales Hold Steady
The National Association of Realtors reported that sales of existing homes during August were unchanged at 5.340 million (SAAR, -1.5%)....
Philadelphia Fed Factory Conditions Improve; Prices Weaken Again
The Philadelphia Fed that its General Factory Sector Business Conditions Index rose to 22.9 during September...
U.S. Initial Claims for Unemployment Insurance Edge Down Further
Initial unemployment insurance applications decreased to 201,000 (-21.2% y/y) during the week ended September 15...
U.S. Housing Starts Rebound After Two Months of Decline
New home building activity improved last month. Total housing
starts rose 9.2% during August (9.4% y/y)
Special Topics
by Robert Brusca November 14 2007
European car registrations jumped by 11.6% Y/Y following a
drop of 8.2% in September. Despite gains in two of the past three
months, sales are still lower year to date in 2007, by 0.4% compared to
sales last year. Germany lags the most as its year-to-date (YTD) sales
are lower by 7.7% through October. Spain is also lagging but with sales
off by 1.6% YTD. Italy is up strongly, by 6.9%, on a year-to-date
basis- surprising for a country where growth has been so weak. The UK
and France have stronger year-to-date numbers of 1.4% and 0.9%
respectively. Auto sales are mostly weak on the back of the German VAT
tax hike that shoved sales into late 2006 to avoid the tax. Apart from
that, European sales are doing ok. Excluding Germany European auto
sales are up by 2.6% over last year on a YTD basis.
| Ezone Car Registrations | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Mo/Mo % | 3-Mo Trend From |
6-Mo Trend From |
12-Mo Trend From |
||||||
| All Seas Adj | Oct 07 |
Sep 07 |
Aug 07 |
Oct 07 |
Sep 07 |
Oct 07 |
Sep 07 |
Oct 07 |
Sep 07 |
| Ezone Registrations | 11.6% | -8.2% | 3.8% | 28.0% | -17.5% | 32.2% | -10.9% | 4.2% | -4.1% |
| Germany: | 6.2% | -7.4% | 6.3% | 19.5% | 5.4% | 31.6% | -5.5% | -4.1% | -11.1% |
| France (WDA) | -0.2% | 3.7% | -4.1% | -2.9% | 12.0% | 11.7% | 7.5% | 4.6% | 7.7% |
| Italy | 11.5% | -10.6% | 10.5% | 47.2% | -39.0% | 10.8% | -12.4% | 8.5% | -0.3% |
| Spain | 11.4% | -9.5% | 5.3% | 27.3% | -25.0% | 28.1% | -25.8% | 3.8% | -7.9% |
| UK | 7.1% | 22.0% | -20.0% | 19.6% | -0.3% | 11.6% | -8.2% | 7.2% | -0.6% |
| Base Month of Calc | Sep-07 | Aug-07 | Jul-07 | Jul-07 | Jun-07 | Apr-07 | Mar-07 | Oct-06 | Sep-06 |
