Consumer credit outstanding picked up in July, increasing $17.7 billion (6.0% y/y) during the month versus an upwardly revised, though still subpar, $14.5 billion (initially $12.3 billion) rise in June. The previously reported May [...]
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| Sep 08 2016U.S. Consumer Confidence Improves Broadly
by:Sandy Batten
|in:Economy in Brief
- Global| Sep 07 2016
U.S. JOLTS: Labor Market Remains Robust in July
The total job openings rate edged higher to 3.9% in July, regaining its record high last reached in April, up from 3.8% in June and 3.7 in May. The private sector job openings rate jumped to 4.2% in July from 4.0% in June, also [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jul 21 2016
U.S. FHFA House Price Index Rose Modestly in May
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose a modest 0.2% m/m (5.6% y/y) in May following an upwardly revised 0.3% m/m (5.9% y/y) increase in April. Though the y/y change in nationwide house prices has [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jul 15 2016
Business Inventories Rise Further in May; Sales Slow
Total business inventories edged up 0.2% m/m (1.0% y/y) following an unrevised 0.1% m/m increase in April. Total business sales slowed to a 0.2% m/m rise (-1.4% y/y) in May after a 0.8% m/m jump in April (revised down slightly from [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jun 16 2016
U.S. Current Account Deficit Widened in First Quarter
The U.S. current account deficit widened to $124.7 billion in the first quarter of 2016 from a revised $113.4 billion deficit in the fourth quarter of 2015 (originally -$125.3 billion). The Q1 figure was in line with the expectation [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jun 14 2016
Business Inventories Weaker in April, But Sales Jump
Total business inventories inched up 0.1% m/m (1.0% y/y) in April following a 0.3% m/m increase in March (revised down from 0.4% m/m). Total business sales jumped 0.9% m/m (-1.3% y/y) in April after a 0.2% m/m rise in March (revised [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jun 06 2016
U.S. Factory Orders Solid in April
New factory orders rose 1.9%m/m in April following an upwardly revised 1.7% m/m increase in March. The Action Economics Forecast Survey had anticipated a 2.0% m/m rise for April. Durable goods orders for April (the advance report was [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jun 03 2016
April US Trade Deficit Widens with Increases in Both Exports and Imports
The U.S. trade deficit in goods and services widened to $37.4 billion in April from a revised $35.5 billion in March. The Action Economics Forecast Survey had expected a $42.0 billion deficit billion. While this outcome would appear [...]
by:Sandy Batten
|in:Economy in Brief
- Global| May 04 2016
U.S. Factory Orders Stronger than Expected in March
New factory orders jumped up 1.1% m/m in March following a slightly revised 1.9% m/m decline in February in a continuation of the recent monthly see-saw pattern. The Action Economics Forecast Survey had anticipated a 0.6% m/m rise for [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Apr 01 2016
Manufacturing ISM Index Jumps on Production and Orders
The ISM Composite Index of manufacturing activity rose more than expected to 51.8 in March from 49.5 in February. The Action Economics Forecast Survey had looked for an increase to 50.7. The data from the Institute for Supply [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Mar 16 2016
Housing Starts Rebound in February, But Permits Fall
Housing starts jumped up 5.2% (30.9% y/y) in February to 1.178 million units at an annual rate. There were also upward revisions to both December and January figures, months in which starts had fallen. The February reading exceeded [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Mar 15 2016
U.S. Producer Prices Fall in February, Driven by Food and Energy
The headline Final Demand Producer Price Index fell 0.2% m/m (0.0% y/y) in February after an unexpected 0.1% m/m rise in January. The February reading was spot on expectations from the Action Economics Forecast Survey. The unchanged [...]
by:Sandy Batten
|in:Economy in Brief
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