Japanese GDP grew at a 2.4% annual rate in Q1, less than Q4's 5.0% and less than market expectations of 2.7%. Q4 was also revised downward from 5.5% reported in mid-March. The slower growth was due to a contraction in investment, and [...]
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| May 17 2007Japan's Growth a Bit Slower than Expected, but Encouraging Forces in Place
- Global| May 16 2007
UK "Claimant"-Based Unemployment Down, but Total Employment Sagging
Employment in the UK fell by 1,000 in the February period, a third successive monthly decrease in this 3-month moving average. Over the last three months (the style of comparison that the UK's Office for National Statistics [ONS] [...]
We know this is [literally] yesterday's news, but the state of the US Government budget for April 2007 deserves comment regardless. The Treasury took in a record $383.6 billion in the month, contributing to a surplus of $177.7 [...]
- Global| May 10 2007
Inflation in Scandinavia Experiences Mild Swings; Taxes, Mortgage Rates Highlight Definition of "Core" Rates
CPI data reported today by the three Scandinavian countries illustrate well the reasons for monitoring both total inflation measures and "core" measures to determine the underlying trends. Moreover, the "core" measure applicable to an [...]
- Global| May 09 2007
Gulf of Mexico Deepwater Oil and Gas Data Added to Haver Offerings; Crucial Cushion to Energy Supplies
On April 30, the Department of Energy released supplementary detail on natural gas and crude oil reserves and production through 2005. Included in this report are data for "Federal Offshore Gulf of Mexico Deepwater Reserves", which [...]
- Global| May 04 2007
Australia Trade Deficit Increases in March, But Exports of Raw Materials Help Cover Machinery Imports
Australia's balance of trade in goods and services moved further into deficit in March as exports declined and imports continued increasing. The overall deficit was A$1,622 million, up from A$728 million in February (seasonally [...]
- Global| May 03 2007
Driving Productivity Increases
A recently popular book on writing and grammar is titled "Eats, Shoots and Leaves". The title is ambiguous because the intent of the original writer of the phrase was to describes the diet of a particular animal: it "eats shoots and [...]
- Global| May 02 2007
Employment Continues to Expand in Germany; Unemployment Lowest in 6 Years
Employment in Germany rose 52,000 in March, following gains of 46,000 and 76,000 in February and January, respectively. This was the 13th consecutive monthly increase in employment, bringing it up 1.5% (annualized) from February 2006. [...]
- Global| Apr 27 2007
Japan's Economy Hits Some Air Pockets; CPI Starts To Fall Again
Japan's economy appears in an uncertain position, according to a collection of data released this morning in Tokyo. What seem to be favorable trends turn out to be unsustainable, so evidence of growth is fleeting. Industrial [...]
- Global| Apr 26 2007
French Business Climate Improves for Manufacturers this Month; Service Companies Experience Slight Updrift
French industry perceives its business climate as the best in over six years, according to the monthly survey by the French government statistics office INSEE. The "business climate index" stands at 111 this month, that is, 11% above [...]
- Global| Apr 25 2007
On-Trend GDP Growth for Q1 in UK and South Korea
GDP expanded 0.7% in the UK in Q1 2007, the same as in Q4 and a bit better than forecasters' estimate of 0.6%. The year-on-year gain was 2.8%. At first glance, the most notable aspect of this Office for National Statistics [...]
- Global| Apr 20 2007
UK Retail Sales Rise 0.3% in March, Following Upward Revision to February; Food Group Pushes Price Deflator Higher
UK retail sales rose 0.3% in volume in March, according to ONS data reported today. This followed a 1.6% jump in February, revised from 1.4% reported initially and more than recouping a 1.5% drop in January. At least one forecast [...]
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