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Economy in Brief
French Retail Sales Rebound In June But Do Not Convince
French retail sales rebounded in June after falling for two consecutive months...
U.S. CPI Increase Moderates; Core Price Gain Steadies
Inflationary pressures moderated last month...
U.S. Government Budget Deficit Widens This Year
The U.S. Treasury Department reported that during the first nine months of fiscal year 2018, the federal government budget deficit totaled $607.1 billion...
U.S. Initial Unemployment Insurance Claims Fall
Initial claims for unemployment insurance dropped to 214,000 during the week ended July 7...
EMU IP Makes Strong May Gain
EMU industrial output expands in all sectors in May...
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 |
