Service sector activity in Japan advanced vigorously in January, according to the report on "Tertiary Industry Activity" published today by the Ministry of Economy, Trade and Industry (METI). The index for all industries rose from [...]
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| Mar 24 2005Good Gains in Japanese Service Sector: Genuine or Just Statistical?
- Global| Mar 23 2005
Consumer Confidence Up over Last Year in Sweden, Netherlands and Italy, But Consumers Still Seem Unwilling To Spend
Consumer confidence is little changed this month in three European countries. In Sweden, the monthly "CCI" indicator, eased from +11.6% to +10.7%; Italy's index also decreased, by 0.3% to 104.1 from 104.4 in February. The balance [...]
Italy's merchandise trade accounts have turned to a deficit position, with the total balance for 2004 in deficit for the first time since 1992. In January, reported today by Italy's National Institute of Statistics, the deficit was [...]
- Global| Mar 17 2005
Canadian Asset Growth Outstrips Liabilities in 2004, A Fundamental Improvement Supporting Currency Value
Canada's overall financial condition improved markedly in 2004, according to National Balance Sheet data report today by Statistics Canada. Total assets grew 5.7% and nonfinancial assets also grew 5.7%, both more than in 2003. [...]
- Global| Mar 16 2005
UK Unemployment Rate Holds to 30-Year Low
UK labor market data published today show further evidence of strength in the UK economy. The unemployment rate remained steady at 4.7% for the 3 months surrounding December (i.e., November, December and January), the lowest since the [...]
- Global| Mar 11 2005
US Exports Come from Every State; 22 Ship over $1 Billion a Month
The Census Bureau reports trade data in a number of ways, and Haver banks a good deal of them in regional databases. The REGIONAL database includes a monthly summary of exports of goods by state, which is released at the same time as [...]
- Global| Mar 10 2005
A Developing Upturn in Japanese Industry Pricing?
In recent years, when we think of Japan's economy, we almost immediately think of deflation. But some prices have been turning around over the last several months, possibly bringing to a conclusion this unpleasant episode. Today in [...]
Industry in Europe is generally gaining ground. January industrial production reports for five countries indicate firming trends, particularly in manufacturing sectors. In the UK factory output rose 0.2% in January and is 1.3% ahead [...]
- Global| Mar 04 2005
Inflation Accelerates in Argentina, Remains Low in Chile
Prices are picking up in Argentina but remain quiescent in neighboring Chile, according to broad inflation gauges published today for February. Argentina's CPI rose 0.8% in the month, following increases of 1.4% in each December and [...]
- Global| Mar 03 2005
Chinese Inflation Falls Below 2% in January; Economy Becoming More Demand-Oriented?
China's inflation is slowing further. In January, the 12-month change in the CPI was 1.9%, the third consecutive weaker pace and the slowest since October 2003. As noted in the table below, a slowdown in food prices accounts for a [...]
- Global| Mar 02 2005
Euro-Zone GDP Grows 0.2% in Q4; Services, Construction, Agriculture Lead 2004 Gains
Eurostat today reported Euro-Zone GDP for Q4 2004. It grew 0.2% (1.0% annualized) in that quarter; this was marginally stronger than in Q3, which is also shown as 0.2%, but annualizes to 0.6%. Q4 was 1.6% ahead of the year-earlier [...]
Labor markets in disparate countries presently face disparate employment conditions. In data reported today, France, for instance, saw its January unemployment rate touch 10%, following more than a year hovering around 9.9%. Rates [...]
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