Recent Updates
- US: Consumer Sentiment (Sep-prelim)
- Germany: Real Estate Opinion (Sep)
- Slovakia: BOP (Jul)
- Croatia: Short-term Indicators of Energy (Jul)
- Mexico: IOAE - Estimated Econ Activity (Aug)
- more updates...
Economy in Brief
EMU and Other Central Banks: The Inflation Conundrum
Inflation in the EMU has flared and was last higher in September 2008...
U.S. Retail Sales Improve in August
Total retail sales including food service and drinking establishments increased 0.7% (15.1% y/y) during August...
U.S. Business Inventories and Sales Rise in Tandem in July
Total business inventories increased 0.5% (7.2% y/y) during July...
Philadelphia Fed Manufacturing Index Rebounds in September
The Federal Reserve Bank of Philadelphia's Manufacturing Business Conditions Index jumped 11 points in September to 30.7...
U.S. Unemployment Insurance Claims Rise But Remain Near Pandemic Low
Initial claims for unemployment insurance increased to 332,000 (-61.4% y/y) during the week ended September 11...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
by Robert Brusca June 29, 2020
The EMU indexes made sharp rebounds in June but are still weak in their respective historic queues of values. Construction has been the relative strongest sector at its 62.1 percentile and nothing else quite close to that. The next strongest reading is from consumer confidence that lies in its 19.6 queue percentile.
The country level percentile standings are also uniformly weak. All but two countries have rebounded month-to-month (Malta and Greece).
The sector rankings by country remain uniformly weak. Construction is consistently strong across countries. Services then industry are the weakest sectors. But the overall EU sentiment reading is the weakest of all because it is the confluence of weakness across sectors that is unprecedented.
