Sales of new single-family homes fell 9.3% (14.1% y/y) to 625,000 (SAAR) in December; November's sales were 689,000, revised down from 733,000 reported initially. Expectations in the Action Economics Forecast Survey had been for [...]
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| Jan 25 2018U.S. New Home Sales Drop Back in December
- Global| Jan 05 2018
U.S. Factory Orders Rebound; Shipments & Inventories Firm in November
Manufacturers' orders gained 1.3% in November (8.6% y/y) following a 0.4% rise in October; this earlier number was revised from a 0.1% decrease initially reported. Durable goods orders were also up 1.3% (8.2% y/y); they had fallen [...]
- Global| Dec 28 2017
Chicago Purchasing Managers Index Reaches Highest in Nearly 7 Years
The Chicago Purchasing Managers Business Barometer for December rose 3.7 points to 67.6 from 63.9 in November. December's result was up 10 points from December 2016 and was the strongest reading since March 2011. A decline to 62.7 had [...]
- Global| Dec 28 2017
U.S. Initial Claims for Unemployment Insurance Steady in Dec. 23 Week
Initial unemployment insurance claims were steady at 245,000 (-5.0% y/y) in the week ended December 23. Expectations in the Action Economics Forecast Survey had been for 240,000 claims. The four-week moving average edged higher to [...]
- Global| Dec 27 2017
U.S. Pending Home Sales Edge Higher in November
The National Association of Realtors (NAR) reported that pending home sales increased 0.2% (0.8% y/y) during November to an index level of 109.5 (2001=100). This followed their 3.5% jump in October. Sales were 3.6% below their recent [...]
- Global| Dec 27 2017
U.S. Consumer Confidence Slackens with Softer Expectations
The Conference Board Consumer Confidence Index fell 5.1% in December (7.8% y/y) to 122.1 following a downward revised 1.9% rise in November. This move contrasted with the Action Economics survey forecast of 128.0. The indexes are [...]
- Global| Dec 22 2017
U.S. Durable Goods Orders Recover as Aircraft Rebounds
New orders for durable goods rebounded somewhat in November, 1.3% (8.2% y/y), after October's 0.4% decline; that was revised from -1.2% reported initially. Market expectations, evidenced in the Action Economics Forecast Survey, had [...]
- Global| Dec 14 2017
U.S. Business Inventories Decrease Slightly as Sales Show Moderate Advance
Total business inventories decreased 0.1% in October (3.5% y/y) after being basically flat in September; the September total was revised downward ever so slightly from its initial report. Total sales at retailers, wholesalers and [...]
- Global| Dec 12 2017
U.S. Small Business Optimism Highest Since 1983
Small business optimism in the U.S. rose 3.7 points in November to 107.5 (1986=100), the second highest reading of this index in the 44-year history of the survey conducted by the National Federation of Independent Business; the only [...]
- Global| Nov 16 2017
U.S. Import and Export Prices Show Little Change
Import prices rose just 0.2% in October (2.5% y/y) following September's 0.8%, revised to a bit more than the initial 0.7% initially reported. The October increase compared to a 0.4% rise expected in the Action Economics Forecast [...]
- Global| Sep 21 2017
PUT NEW TT HERE: U.S. Financial Accounts Exhibit Mixed Pattern of Q1 Borrowing as Total Borrowed Slowed
The Federal Reserve's Financial Accounts data show continued slowing of debt issuance in U.S. financial markets in Q1 2017. The total came to $1,197 billion at a seasonally adjusted annual rate, down from $1,742 billion in Q4. The [...]
Borrowing in U.S. financial markets picked up in Q2 2017, according to the Federal Reserve's Financial Accounts data, which show debt issuance of $2,378 billion at a seasonally adjusted annual rate. This compares to $1,333 billion [...]
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