• • • PREVIOUS>>>>The Federal Reserve Bank of Philadelphia reported that its General Factory Sector Business Conditions Index has fallen to 11.1 in December from 26.3 in November. The survey panel consists of 150 manufacturing [...]
Introducing
Sandy Batten
in:Our Authors
Sandy Batten has more than 30 years of experience analyzing industrial economies and financial markets and a wide range of experience across the financial services sector, government, and academia. Before joining Haver Analytics, Sandy was a Vice President and Senior Economist at Citibank; Senior Credit Market Analyst at CDC Investment Management, Managing Director at Bear Stearns, and Executive Director at JPMorgan. In 2008, Sandy was named the most accurate US forecaster by the National Association for Business Economics. He is a member of the New York Forecasters Club, NABE, and the American Economic Association. Prior to his time in the financial services sector, Sandy was a Research Officer at the Federal Reserve Bank of St. Louis, Senior Staff Economist on the President’s Council of Economic Advisors, Deputy Assistant Secretary for Economic Policy at the US Treasury, and Economist at the International Monetary Fund. Sandy has taught economics at St. Louis University, Denison University, and Muskingun College. He has published numerous peer-reviewed articles in a wide range of academic publications. He has a B.A. in economics from the University of Richmond and a M.A. and Ph.D. in economics from The Ohio State University.
Publications by Sandy Batten
Global| Jan 21 2021TT
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 20 2021
U.S. Home Builder Sentiment Slips in January
• Housing market activity weakens again from record high in November. • Activity in each region declines. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo declined 3.5% m/m (+10.7% y/y) in [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 20 2021
Decline in Refinancing Drags Down U.S. Mortgage Applications
• Purchase applications up but overwhelmed by decline in refinancing applications. • Mortgage interest rates generally rose, reflecting rise in most market rates. The Mortgage Bankers Association Mortgage Loan Applications Index fell [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 15 2021
U.S. PPI Rose 0.3% in December
• Food prices edged down while energy prices surged. • Core goods prices posted largest monthly rise since January 2014. • Service prices fell due to outsized drop in prices of trade services. The Producer Price Index for final demand [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 13 2021
U.S. Mortgage Applications Jump Up in First Week of 2021
• Increase led by surge in applications for refinancing. • Mortgage interest rates little changed but still near or at record lows. The Mortgage Bankers Association Mortgage Loan Applications Index jumped up 16.7% w/w (57.3% y/y) in [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 12 2021
Energy Prices Continue to Climb
• Gasoline prices rise to highest since early March 2020. • Crude oil prices increase to highest since late February 2020. • Natural gas prices jump up to eight-week high. The price of regular gasoline rose to $2.32 per gallon (-9.8% [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 08 2021
Wholesale Inventories Unchanged in November; Sales Edged Up
• Inventories unchanged while sales rose 0.2% in November. • Wholesale inventory-to-sales ratio unchanged at 1.31. Wholesale inventories were unchanged in November (-2.1% y/y) after solid gains of 1.3% m/m in October and 0.9% m/m in [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 06 2021
TT
• • • PREVIOUS>>>>>> The Mortgage Bankers Association Mortgage Loan Applications Index edged up 0.8% w/w (+80.5% y/y) in the week ended December 18...... This survey covers over 75% of all U.S. retail residential mortgage applications [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 06 2021
U.S. Mortgage Applications Fell Over Last Two Weeks of 2020
• Decline led by drop in applications for refinancing. • Mortgage interest rates mostly fell further to new record lows. The Mortgage Bankers Association Mortgage Loan Applications Index fell 4.2% in the last two weeks of 2020. The [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 30 2020
Chicago PMI Rises in December
• Business activity index rises in December after falling to three-month low in November. • Production, order backlogs, employment and inventories gain. • New orders slide. The Chicago Purchasing Managers Business Barometer rebounded [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 30 2020
Trade Deficit Widens in November
• Widening much larger than expected. • Net exports to be drag on overall GDP growth in Q4. • Export growth slows while import gain accelerates. The advance estimate of the U.S. trade deficit in goods widened to $84.8 billion in [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Dec 29 2020
Energy Prices Little Changed in Christmas Week
• • • These data are reported by the U.S. Department of Energy. The price data can be found in Haver's WEEKLY and DAILY databases. Greater detail on prices, as well as the demand, production and inventory data, along with regional [...]
by:Sandy Batten
|in:Economy in Brief
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