Recent Updates
- Indonesia: International Trade (Apr)
- Finland: Trend Indicator of Output (Mar), Bankruptcy Filings (Apr)
- Japan: Monetary Survey (Apr), Wholesale & Retail Trade (Mar)
- Singapore: International Trade Press (Apr)
- more updates...
Economy in Brief
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
U.S. Import Prices Hold Steady While Export Prices Rise in April
Import prices held steady m/m (+12.0% y/y) in April...
EMU IP Drops Month-to-Month and Year-over-Year
Industrial output among EMU members fell by 1.8% month-to-month in March...
U.S. Producer Price Inflation Moderates in April
The Producer Price Index for Final Demand increased 0.5% during April...
U.S. Housing Affordability Plunges in March
Affordable homes are in short supply...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & 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?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Charles Steindel April 5, 2022
The Federal Reserve Bank of Philadelphia’s state coincident indexes in February continue to show widespread growth across the nation. Over the three months since November 49 states reported growth, with Montana and West Virginia both increasing 3 percent (Alaska edged down marginally). led by a nearly 3 percent rise in Montana. Five other states had increases above 2 percent, and only 3 (other than Alaska) had gains of less than 1 percent. The independently estimated national figure of 1.5 percent growth over this period was consistent with the state numbers.
Over the last 12 months 7 states registered gains higher than 10 percent, led by Nevada’s 16.2 percent (Hawaii was also in this group) and New York and California were again also members. The 6.2 percent national figure seems a bit lower than the individual state reports might have suggested; all of the 4 largest states (California, Texas, New York and Florida) had gains higher than that.
49 states report an increase from January to February, with Alaska again being the exception. Both Maryland and West Virginia were up 1.4 percent.