European GDP slowed in Q2, according to the "Flash Estimate" published today by the EC Commission. Growth for the Euro-Zone 12 countries was 0.3%, off from 0.5% in Q1. GDP ran 1.2% ahead of a year ago. At the same time, the EU expects [...]
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 10 2005Singapore GDP Growth Moderately High at 3% in Q2, But Area Sees Erratic Moves, Possibly Tied to Oil
Singapore produces, refines and exports oil. Oil supports growth. But it may also make for a more volatile economy than a country with greater diversity. In Q2, Singapore's real GDP grew 3.0%, following a 1.2% decrease in Q1, and a [...]
- Global| Aug 05 2005
Bank of England Cuts Base Rate as Financial Strains Start to Show
Citing sluggish consumer and investment spending, the Bank of England yesterday reduced its repo rate from 4.75% to 4.50%. This was the Bank's first change in the rate in exactly a year, since August 5, 2004, when it raised the rate [...]
Manufacturers' new orders in Germany increased 2.4% in June, following a similar 2.3% gain in May. Forecasters had expected that after the good May rise, orders would be flat in June, so this was a pleasant surprise. This month, it [...]
- Global| Aug 03 2005
Euro-Zone Retail Sales Show Modest Growth through June
Retail sales in the Euro-Zone increased 0.4% in June, reported this morning by Eurostat, to reach 104.25 (2000=100), a record high. The previous high was 104.07 in January. As seen in the first chart, these sales are fairly erratic [...]
- Global| Jul 22 2005
UK GDP Rises 0.4%, with Declining Factory Output Offset by Greater Oil & Gas Activity
UK GDP grew 0.4% in Q2, according to Office of National Statistics "Preliminary Estimate", the same as in Q1. This early estimate is compiled from industrial production and other industry data. It shows that manufacturing lost 0.7% on [...]
- Global| Jul 20 2005
China GDP Strong at 9.5% Growth in Q2
China's GDP remained strong in Q2, gaining 9.5% in real terms over Q2 2004, a pick-up from the 9.4% rate in Q1. Analysts in one leading forecast survey had looked for a slowing to 9.2%. Manufacturing was a leading sector, as indicated [...]
- Global| Jul 19 2005
TIC Data Show Larger Foreign Purchases of US Securities in May
The "TIC" data for May were reported yesterday by the US Treasury, showing some rebound in foreign purchases of securities in US markets after two slower months. "TIC" is an acronym for Treasury International Capital, a collection of [...]
- Global| Jul 18 2005
Ukraine Retail Trade Grows, but Production Turns Weaker
The Ukrainian economy seems still trying to find its footing. Data reported today by the National Bank indicate continuing good gains in retail trade and continuing improvement in unemployment. But previous information shows that [...]
- Global| Jul 15 2005
Israel's Consumer Prices Are Flat in June; Wholesale Prices Flat, but Up More Than 5% in Year
Israel's monthly price data were reported today by the Central Bureau of Statistics. The June consumer price index, like that in the US, was flat. It had risen 0.2% in May. The year-on-year rate is a mere 0.3%. For wholesale prices, [...]
- Global| Jul 14 2005
Several Nations' CPI's Remain Moderate Despite Rapidly Rising Energy Costs
Several countries reported June CPI today, and the results generally suggest that overall inflation remains quiescent. Prices in both Germany and Italy were flat after a 0.3% rise in May, and year-on-year rates four of the six [...]
- Global| Jul 13 2005
Trade Expands at Individual Ports, Shown in Extensive Data Offerings in PORTS Database
In addition to the usual national trade data that Haver carries in the USECON and USINT databases, regional databases give information on foreign trade shipments into and out of various locations around the country. Some time ago, we [...]
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