Korean industrial production dipped in December, with the total down 1.9% and the manufacturing sector off 2.1%, according to industry data reported Friday by the National Statistics Office. Nonetheless, for 2004, factory output [...]
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| Jan 28 2005Exports Boost Korean Industry
- Global| Jan 27 2005
Q1 Business Optimism Ebbs in Canada and the UK
While the factory orders situation in the US seems to be holding up well, those in neighboring Canada and in the UK look to be eroding. We noted here a week ago that the UK's BCC survey for Q4 might be pointing toward slower growth in [...]
- Global| Jan 26 2005
UK GDP Gains Stronger-than-Expected 0.7%; All Major Sectors Move Favorably
Growth in the UK picked up in Q4, as shown in the Office of National Statistics "First Release", out today. GDP grew 0.7%, firmer than the 0.5% in Q3. Economists had expected 0.5%. The quarter was up 2.8% from a year earlier and the [...]
- Global| Jan 21 2005
French Consumers' 2004 Spending on Manufactured Goods Strongest in 5 Years
French consumer spending stabilized in December after a bounce in November. The November gain contributed to a surge in the 2004 overall result to 4.4% growth over 2003, making it the strongest yearly performance since 1999. Durable [...]
- Global| Jan 20 2005
UK's BCC Survey for Q4 Points to Slower Growth
UK businesses experienced less widespread gains in domestic (or "home") sales in Q4 than earlier in 2004, according to the quarterly survey of the British Chambers of Commerce ("BCC"). The UK economy experienced good growth from the [...]
- Global| Jan 19 2005
Net Foreign Purchases of Securities in US Market Up Sharply in November
Net purchases of securities by foreign investors in US markets surged to $81 billion in November, the largest in five months, and well above October's $48.3 billion. These increasingly prominent data are from the US Treasury's monthly [...]
- Global| Jan 14 2005
Moderate 2004 Inflation in Several Countries, Despite Stronger Energy Costs
Back in the 1970s, when the first energy crisis occurred, the striking phenomenon for many economists was that inflation responded around the world. Many countries saw price indexes accelerate dramatically. Moreover, labor contracts [...]
- Global| Jan 12 2005
Canada's Trade Surplus Widens in November
Canada's trade situation improved in November, as a small decrease in exports was well overweighted with a 10.1% drop in imports. The consequent balance of merchandise trade was a surplus Can$7.3 billion, the third largest on record. [...]
- Global| Jan 07 2005
Canada Jobs Gain 33K in December, Unemployment Rate Falls to 7.0%
Canada ended 2004 with a favorable labor market performance. After a pause in November, employment rebounded last month, and the unemployment rate fell to the lowest in 3-1/2 years. Employment was up 33,500 in December, with the gain [...]
- Global| Jan 06 2005
European Industrial Confidence Edges Lower in December
Confidence surveys in the Euro-Zone showed some slight erosion in December, according to data issued today by the European Commission. The most widely followed measure, industrial confidence, slipped from -3 to -4 (balance of [...]
- Global| Jan 05 2005
European Industry Shows Modest Pickup in December After Months of Slowdown
Services activity in the Euro-Zone slowed progressively throughout 2004, according the latest PMI surveys published by NTC Research in London. The December index, at 52.65, rose a minimal 0.07 point from November's 15-month low. [...]
- Global| Dec 23 2004
Income, Services Flows Widen UK Current Account in Q3
In Q3, the UK experienced its largest current account deficit, £8.8 billion, in 5-1/2 years. The balance gapped by £3.3 billion from the second quarter. While the trade deficit continued to widen, the bigger source of the increase was [...]
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