Perhaps it goes without saying that energy production is a major part of the Norwegian economy. But balance of trade data, which were reported today for April, underscore that fact dramatically. The total balance of trade is seen to [...]
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 18 2005Huge Role for Oil & Equipment in Norway Trade
- Global| May 13 2005
European Consumer Inflation Continues Moderate in the Face of Rising Energy
A recurrent theme of our reports over the last couple of months has been the continuation of low consumer price inflation despite high energy prices. This phenomenon has persisted through April in several European countries that [...]
- Global| May 12 2005
German Q1 Growth of 1% Boosts Euro-Zone Result to 0.5%
The Euro-Zone had 0.5% GDP growth in Q1, according to the Eurostat "Flash" estimate released today. This produced a year-on-year result of 1.4%, moderately weaker than any quarter since Q4 2003. In these early "Flash" figures, no [...]
- Global| May 11 2005
Trade Deficit Eases in UK, Surplus Increases in Canada, but Energy May Be Starting to Restrain Demand for Non- [...]
The surprising reduction in the US trade deficit for March begs for comparison with trade data reported today by other major countries. We've highlighted here the role of energy in two oil-producing nations, the UK and Canada, along [...]
- Global| May 06 2005
Some Employment Gains in Canada, But Lower Unemployment Reflects Reduced Participation
The Canadian economy also experienced job growth in April, with a total employment gain of 29,300, following a slim 4,400 rise in March. The great part of the April move was in service industries, as the number of workers in the goods [...]
- Global| May 05 2005
Australian Trade Deficit Wider in March
The Australian trade deficit widened distinctly in March. The A$2.7 billion gap, reported today by the Australian Bureau of Statistics, is the second largest monthly shortfall ever. In this latest month, both exports and imports moved [...]
Business activity in European service industries maintained a stable rate of modest expansion in April, according to the purchasing manager surveys conducted by NTC Research and reported today by Reuters, Inc. The overall services [...]
- Global| Apr 29 2005
Spain Labor Markets Show Employment Gains, Lower Unemployment Even Aside from Data Revisions
Employment in Spain is picking up, according to the Q1 labor force survey reported today by the National Institute of Statistics ("INE"). Unemployment is working its way lower. At the same time, changes to the data collection, both [...]
- Global| Apr 28 2005
Germany's Chain GDP Yield Slightly Higher Long-Term Growth through 2004
Germany's Federal Statistical Office today introduced its new chain-weighted GDP data with benchmark revisions through Q4 2004. No new periods were published; that will occur for Q1 2005 on May 24. The chain-linking is calculated on [...]
- Global| Apr 27 2005
Unemployment Slightly Lower in Sweden, as Employment Flat from a Year Ago
The Swedish labor market gives some signs of firming up in the March/Q1 report issued today by Statistics Sweden. The unemployment rate stands at 5.5%, lower by 0.3 percentage point than March 2004. Total employment is still [...]
- Global| Apr 22 2005
UK GDP Slows in Q1; 4-Quarter Growth Lowest since Q4 2003
GDP growth in the UK edged lower in Q1 to 0.6% from 0.7% in Q4. We indicated this possibility yesterday in discussing retail sales, which fell outright in March. The four-quarter performance thus stood at 2.8%, the slowest since Q4 [...]
- Global| Apr 22 2005
Construction Industry Jobs Lift Taiwan Employment; Unemployment Rate Sustains 4-Year Low
Employment in Taiwan increased by 2,000 in March, continuing a more moderate uptrend that emerged at the turn of the year; February saw a 17,000 rise and January 9,000. Most notably, manufacturing employment has declined the last two [...]
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