The German Federal Statistics Office reported the details of second quarter GDP Thursday. As highlighted in the preliminary release a week ago, adverse developments in exports exerted a major drag on growth. They fell 2.3% following a [...]
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 had broad experience in analysis and forecasting of flow-of-funds accounts, the federal budget and Federal Reserve operations. At Nomura Securities, 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 was 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 conducted 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 had a PhD from NYU's Stern School of Business. She lived in Brooklyn, New York, and had a weekend home on Long Island.
Publications by Carol Stone, CBE
Global| Aug 21 2003German GDP Detail Confirms Export Drag
- Global| Aug 20 2003
French Economy Declines Unexpectedly in Second Quarter
French GDP decreased in the second quarter, dragged down by weakness in business capital spending and exports. Household consumption also declined. Only government consumption and investment showed any notable gains. This sluggish [...]
- Global| Aug 14 2003
Flash GDP Estimates Show Decline in Germany, Weak Growth in Euro-Zone
Growth in the Euro-Zone remained sluggish in the second quarter, according to the "Flash" estimate released by Eurostat on August 14. A flat quarter-on-quarter result pulled the year-to-year growth rate down to 0.4% from 0.9% in the [...]
- Global| Aug 13 2003
Record High Employment Rate in UK; Wages Moderate
Labor markets in the UK improved moderately in the latest data reported Wednesday. Unemployment sustained a 5.0% level for a second month in these data reported as a 3-month centered moving average. This new report shows the averages [...]
- Global| Aug 08 2003
Canadian Labor Markets Soften in July as Teenagers Lack Summer Jobs
Unemployment in Canada remained stubbornly high in July, as the unemployment rate ticked up to 7.8% from 7.7% in June. Forecasters had expected the rate to hold steady at the June level. The number unemployed in July increased 13.2 [...]
- Global| Aug 07 2003
CPI Trends Differ in Emerging European Nations
The inflation performance among the "transitional" economies of Central and Eastern Europe varies greatly, as indicated by July CPI data released Thursday for Estonia and Slovakia. Year-on-year inflation in Estonia appears at least [...]
- Global| Aug 06 2003
Germany Factory Orders, Employment Stabilize After Declines
Two important measures of economic activity in Germany showed improvement in their latest reports. Factory orders rose 2.1% in June, reversing Mays 2.6% decline. Weakness in the domestic economy persists as local orders continued to [...]
- Global| Aug 01 2003
U.S. Nonfarm Payrolls Decline
Nonfarm payrolls declined again in July and figures for May and June were revised downward to show larger declines (see table below). This result was remarkably close to forecasts, which had called for a 50,000 decrease. At the same [...]
- Global| Jul 31 2003
Initial Jobless Claims Below 400,000 a Second Week
Real GDP grew at a 2.4% annual rate in the second quarter, after increasing only 1.4% in each of the two previous periods. Consensus forecasts for 2Q GDP were 1.8% growth. Personal consumption expenditures were 3.3% (a.r.) higher than [...]
- Global| Jul 30 2003
Mortgage Applications Plunged
The Chicago Fed National Activity Index (CFNAI) improved slightly in June to 0.32 from a reading of 0.40 in May. A zero value of the CFNAI indicates that the economy is expanding at its historical trend rate of growth of over 3% [...]
- Global| Jul 25 2003
U.K. Q1 GDP Lower than Expected
After Thursdays report of strong retail sales in the UK for June, tepid growth in second quarter GDP was disappointing. The Preliminary estimate showed only a 0.3% increase from the first quarter (1.8% from a year ago). The early GDP [...]
- Global| Jul 24 2003
U.K. Retails Sales Surge
Warm weather and the new Harry Potter book helped to bolster retail sales in the UK last month. The standard yardstick, the seasonally adjusted index of sales volume, surged 1.9% over May. Analysts had forecast a 0.4% gain.. [...]
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