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Economy in Brief
UK Consumer Sentiment Hits Lowest Reading since 1996
(when the GFK survey began; also lowest reading 'ever')
Of these 13 readings eight of them declined on the month in May three of them improved and two of them were unchanged...
U.S. Existing Home Sales Continue to Fall in April as Houses Become Less Affordable
The combination of soaring home prices across the nation and rising interest rates is making homes less affordable...
U.S. Index of Leading Indicators Fell in April
Five of the index's components fell in April, one was unchanged and four increased...
U.S. Unemployment Claims Rose in the Latest Week
The state insured rates of unemployment in regular programs vary widely...
CBI Gauge in the UK Continues to Be Upbeat
The global economy has a lot of challenges...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Louise Curley November 26, 2012
Measures of Consumer sentiment or confidence in Korea, Brazil and Italy were announced today. In Korea, sentiment is
measured above or below a neutral position of 100. Consumer
confidence in Brazil is measured in points. The historical average
of which is 112.2. Consumer confidence in Italy is measured by an
index with the base year 2005 = 100.
Consumer sentiment in Korea; improved slightly in November to 99 from 98 in October, but it is still below the neutral 100. Consumer confidence in Brazil and Italy deteriorated in November: Brazil to 120.0 points from 121.7 points in October and Italy to 84.8 (2005=100) from 86.2 in October. Consumer confidence in Brazil, however, is well above its long term average of 112.2 while that in Italy is well below its long term average of 106.5. The three measures of sentiment or confidence are shown in the attached chart.
Recently, spending on consumption by both the government and private individuals has accounted for 65% of GDP in Korea, 82% in Brazil and 85% in Italy.
Korea, Brazil, Italy - Consumer Confidence | ||||||||
Nov'12 | Oct'12 | Sep'12 | Aug'12 | Jul'12 | Jun'12 | May'12 | Apr'12 | |
Korea Consumer Sentiment (Neutral =100) | 99 | 98 | 99 | 99 | 100 | 101 | 105 | 104 |
Brazil Consumer Confidence (Points--Long Term Avg =112.2) | 120.0 | 121.7 | 122.1 | 120.4 | 121.6 | 123.5 | 127.1 | 128.7 |
Italy Consumer Confidence (2005=100) | 84.8 | 86.2 | 86.2 | 86.0 | 86.5 | 85.5 | 86.7 | 88.7 |