Recent Updates
- Thailand: Port Statistics (Dec)
- Japan: Japan: Inflation Expectation (Jan), Current Production Statistics (Nov)
- South Korea: Construction Starts (Nov)
- Australia: Unemployment Expectations (Jan), Building
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Economy in Brief
U.S. Empire State Index Weakens in January
The Empire State Manufacturing Index of General Business Conditions fell sharply to -0.7 in January...
ZEW Survey in January Sees Mixed Momentum and Higher Interest Rates
The ZEW experts’ macro conditions readings for January show deteriorations for Germany, EMU, and the U.S....
FIBER: Industrial Commodity Prices Strengthen
The FIBER Industrial Materials Price Index rose 2.8% during the four weeks ended January 14...
U.S. Retail Sales Unexpectedly Tumble at Yearend
Total retail sales including food service and drinking establishments declined 1.9% (+16.9% y/y) during December...
U.S. Industrial Production Took a Breather in December
Industrial production declined 0.1% (+3.7% y/y) in December...
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.
