Recent Updates
- Japan: Hours Worked [Final] (Jul), Services Producer Price Index (Aug)
- New Zealand: BOP//IIP (2020)
- Korea: Consumer Survey Index, Inflation Expectations (Sep)
- US: Employee Benefits Survey (2020), New Residential Sales (Aug)
- more updates...
Economy in Brief
Kansas City Fed Factory Index Eases in September
The Kansas City Fed reported that their manufacturing sector business activity index fell to 11 in September...
U.S. Initial Unemployment Insurance Claims Edge Higher
Seasonally adjusted initial claims in state programs edged up 4,000 in September 19 week to 870,000...
IFO Sectors Rebound... But With Restraint
The IFO index and its two principal components, the current index and expectations index, all improved in September...
U.S. FHFA House Price Index Remains Strong in July
The FHFA Price Index strengthened 1.0% during July...
Mortgage Loan Applications Surge As Refinancing Strengthens
The MBA Mortgage Loan Applications Index increased 6.8% (57.8% y/y) in the week ended September 18...
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.
