As in the US, GDP in the UK was revised higher for Q3. From 0.6% reported a month ago, it was raised to 0.75%, the largest quarterly growth rate since the first quarter of 2001. The year-on-year growth rose to 2.0% from 1.9% reported [...]
Introducing
Carol Stone, CBE
in:Our Authors
Carol Stone, CBE came to Haver Analytics in 2003 following more than 35 years as a financial market economist at major Wall Street financial institutions, most especially Merrill Lynch and Nomura Securities. She has broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securites, among other duties, she developed various indicator forecasting tools and edited a daily global publication produced in London and New York for readers in Tokyo. At Haver Analytics, Carol is a member of the Research Department, aiding database managers with research and documentation efforts, as well as posting commentary on select economic reports. In addition, she conducts Ways-of-the-World, a blog on economic issues for an Episcopal-Church-affiliated website, The Geranium Farm. During her career, Carol served as an officer of the Money Marketeers and the Downtown Economists Club. She has a PhD from NYU's Stern School of Business. She lives in Brooklyn, New York, and has a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Nov 26 2003UK Growth in Q3 Strongest in 2-1/2 Years
- Global| Nov 21 2003
Venezuela Struggles to Recover from Early 2003 Oil Strike
The entire Venezuelan economy suffered from last winter's oil industry strike, which lasted from December through February. Its impact on GDP in Q4 2002 and Q1 2003 is readily evident in the chart nearby. The latest data, issued today [...]
- Global| Nov 20 2003
UK Retail Sales Resume Firm Growth
October retail sales in the UK picked up further from recent months, establishing a distinct uptrend after a pause last winter. Total retail sales in volume terms rose at a 6.2% annual rate in the three months ended October, stronger [...]
- Global| Nov 19 2003
Energy Prices Hold Back Canadian and French CPIs
As in the US CPI data reported yesterday, consumer prices in other countries were restrained last month by lower energy costs. Canada's All-Items index was flat on the month, seasonally adjusted, and up 1.6% on the year. This latter [...]
- Global| Nov 14 2003
Favorable Growth Reports for Entire Euro-zone, Japan and Taiwan
Early third-quarter GDP reports from more countries indicate that growth resumed or improved most everywhere. Eurostat tallied a 0.4% gain in its "flash" estimate, after two negative quarters. This put GDP up 0.3% over a year ago, [...]
- Global| Nov 13 2003
Q3 Growth Turns Positive in Germany, France and the Netherlands
GDP picked up in Europe in the third quarter, according to early and "flash" reports from Germany, France and the Netherlands. An easing of the negative trade situation that weighed on this region earlier in the year appears to be a [...]
- Global| Nov 12 2003
Older Workers Increase Role in UK Job Market
Labor market conditions improved modestly in the three months ended September (data the UK Office of National Statistics reports as values for "August", that is, a centered 3-month average). Employment rose 28,000 from its total three [...]
- Global| Nov 07 2003
German Industrial Production Sags, Despite Better "Business Climate"
Industrial production fell in Germany in September, down 1.2% after a 3.7% decline in August. Forecasters had looked for a GAIN of 1.6%. Chemicals, machinery and electrical equipment had the largest decreases in the month, while [...]
- Global| Nov 06 2003
Unemployment Picture Improves in Australia, Germany
Ahead of tomorrow's big labor market report in the US, Australia and Germany both reported generally favorable moves in unemployment in October. In Australia, in particular, the rate decrease 0.2% to 5.6% from 5.8% in August and [...]
- Global| Nov 05 2003
Euro-Zone Services and Manufacturing Businesses Share in Expansion
Activity in Europe's service businesses improved for a sixth consecutive month in October and achieved its fourth successive outright expansion. This diffusion index for the service industry is based on a survey of purchasing managers [...]
- Global| Oct 31 2003
Business Confidence Improves in Europe, but Consumers Remain Wary
Earlier this week, we described improving business confidence in several European countries, especially Germany and the Netherlands. Indeed, this trend seems to prevail in much of Europe, as the EC's gauge of the "business climate" [...]
- Global| Oct 29 2003
Producer Prices Weak and Weaker in Canada, South Africa
Producer price inflation is generally weak, and even weakening in some countries. Those reporting September data today, Canada and South Africa, both show outright declines year-on-year for September, that is, deflation in wholesale [...]
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