Recent Updates
- US: Monthly Treasury Statement, Wholesale Trade (Jun), Consumer Prices (Jul)
- Brazil: Retail Trade (Jul)
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- more updates...
Economy in Brief
U.S. Federal Government Budget Deficit Shrinks in July
The U.S. Treasury Department reported a federal budget deficit of $211.1 billion in July...
U.S. Mortgage Applications Rose Slightly in the Latest Week
Mortgage applications increased 0.2% (-62.9% y/y) from one week earlier...
U.S. Productivity Declines in Q2, Pushing Unit Labor Costs Higher
Nonfarm business sector productivity fell 4.6% (AR) during Q2'22...
U.S. Small Business Optimism Edged Up in July
The NFIB Small Business Optimism Index edged up to 89.9 in July...
U.S. Gasoline & Crude Oil Prices Continue Weakening
Retail gasoline prices declined to $4.04 per gallon (+27.3% y/y) last week...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca December 4, 2007
The NTC sector indexes for the UK show that all three main sectors have been losing traction. The new services sector observation is not yet released so the table below reflects changes through October. But for MFG and Construction there are new observations available for November. Through November, these sectors show a trend of weakness that has been moderated in November by a run up in MFG that still leaves that sector short of its September level. Construction continued to fall and it fell hard in November. In October services took a large fall leaving it in the bottom 40 percent of its range. Construction is now weaker in the lower third of its range. MFG is still in the top 35% of its range. We are eagerly awaiting the new services observation to see if that weakness remains in place or not.
Monthly readings | Change over: | percentile | |||||
Nov-07 | Oct-07 | Sep-07 | 3MO | 6MO | 12MO | of range | |
MFG | 54.32 | 57.41 | 60.25 | -10.50 | -3.69 | -0.46 | 36.12 |
Construction | 54.32 | 57.41 | 60.25 | -10.50 | -3.69 | -0.46 | 36.12 |
Services* | #N/A | 53.08 | 56.69 | -3.94 | -4.17 | -6.18 | 39.4 |
MFG range since January 1992; Construction Since April 1997 Services Since July 1996 | |||||||
*Services changes and ranking and stem from Oct-07 which is the most current date. |