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Economy in Brief
Philadelphia Fed Factory Conditions Recover; Prices Surge
The Philadelphia Fed reported that its General Factory Sector Business Conditions Index rebounded to 25.7 during July...
U.S. Initial Unemployment Insurance Claims Hit Lowest Since 1969
Initial claims for unemployment insurance dropped to 207,000 during the week ended July 14...
Japan's Trade Deficit Swings Back to Surplus (Small Surplus)
Japan's early June trade results show a goods trade position having swung back to surplus in June from deficit in May...
U.S. Housing Starts Weaken Unexpectedly
Total housing starts declined 12.3% (-4.2% y/y) during June to 1.173 million (AR)...
U.S. Mortgage Loan Applications Reverse Earlier Increase
The MBA total Mortgage Applications Index declined 2.5% last week (-12.8% y/y)...
by Robert Brusca December 10, 2007
Industrial production in France was up strongly in October
showing a rise of 2.1%. In the past three months overall output is up
but without any real strong sector leadership. Auto sales are up
strongly in October. In the quarter to date output is up strongly over
its Q3 level expanding at an 8.1% annual rate. France follows the same
trend as Germany as its consumer goods output is lagging, falling by
2.1% so far in Q3. Capital goods output is up at a 6.9% annual rate in
Q4. Europe continues to show weak consumer demand/output and displays
an ongoing strong capital goods sector.
| French IP excluding Construction | ||||||
|---|---|---|---|---|---|---|
| Saar exept m/m | Oct-07 | Sep-07 | Aug-07 | 3-mo | 6-mo | 12-mo |
| IP total | 2.1% | -1.2% | 0.1% | 3.9% | 5.7% | 4.0% |
| Consumer goods | 0.4% | -1.5% | 0.9% | -1.1% | 3.3% | 1.6% |
| Capital goods | 1.0% | -1.0% | -0.1% | -0.3% | 7.0% | 4.0% |
| Intermediate goods | 1.9% | -0.9% | -0.6% | 1.6% | 3.5% | 3.9% |
| Memo | ||||||
| Auto | 6.9% | -4.0% | 1.3% | 16.5% | 6.9% | 5.7% |
