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Economy in Brief
FIBER: Industrial Commodity Prices Strengthen Selectively
The FIBER Industrial Materials Price Index increased 0.4% during the last four weeks...
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...
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 |
