Recent Updates
- Thailand: Tourism Statistics (Apr)
- France: INSEE Monthly Household Survey (May)
- Japan: Kansai Airports Statistics (Apr)
- Germany: GfK Consumer Climate Survey (May)
- Euro area: ACEA Commercial Vehicle Registrations (Apr)
- more updates...
Economy in Brief
U.S. Energy Prices Rise Further
Retail gasoline prices increased to $4.59 per gallon in the week ended May 23...
S&P Flash PMIs Are Mixed in May As Manufacturing Erodes Slowly
Among the early reporting countries in Europe and Japan, the S&P PMI readings for May tilt toward weakness...
NABE Lowers Growth Expectations for Next Year & 2022
The NABE expects the economic expansion to continue through its third year...
Chicago Fed National Activity Index Improves in April
The Chicago Fed National Activity Index (CFNAI) rose to 0.47 during April...
IFO Registers Small Rebound on the Month
Germany's IFO index has rebounded on the month...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits & Margins Plunge In Q1: Expect More Margin Contraction As Fed Squeezes Inflation
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation and Fed Policy: A Relationship which Should Worry the Fed and Scare Investors
Why Have the Yields on TIPS Been Negative in the Past Two Years?
by Robert Brusca June 27, 2007
French climate and outlook are on a strong improving trend.
The services sector is still doing well. The climate and outlook indicators are strong in their respective ranges. Observed and expected sales are still strong but both are off peak. Observed and expected employment indicators are also off peak. The expected responses for these two indicators are sharply lower in June. Expected series are firm but only in about the 60th percentile of their respective ranges.
The second table below summarizes France’s Industry survey for June. The report scrapped and got back two of the four points it lost in May. The trends are still firm with climate nearly in the upper 25 percentile of its range. Recent and likely trend assessments spurted in June. Foreign and also domestic orders are slipping slightly with both having peaks in April.
| Jun-07 | May-07 | Apr-07 | Mar-07 | Percentile | Rank | Max | Min | Range | Mean | |
| Climate Indicator | 109 | 109 | 108 | 109 | 78.8 | 8 | 116 | 83 | 33 | 102 |
| Climate: 3-Mo MAV | 109 | 109 | 108 | 108 | 81.6 | 14 | 114 | 85 | 29 | 102 |
| Climate: 12-Mo MAV | 109 | 109 | 109 | 108 | 92.4 | 3 | 110 | 91 | 20 | 101 |
| Outlook | 9 | 8 | 8 | 6 | 86.1 | 6 | 14 | -22 | 36 | -1 |
| Sales | ||||||||||
| Observed 3-Mos | 14 | 17 | 12 | 11 | 83.3 | 9 | 19 | -11 | 30 | 6 |
| Expected 3-Mos | 12 | 14 | 13 | 14 | 68.8 | 19 | 22 | -10 | 32 | 7 |
| Sales Price | ||||||||||
| Observed over 3-Mos | 1 | 0 | 2 | -2 | 41.7 | 29 | 8 | -4 | 12 | 0 |
| Expected over 3-Mos | 1 | 3 | 0 | -1 | 60.0 | 38 | 5 | -5 | 10 | 1 |
| Employment | ||||||||||
| Observed over 3-Mos | 13 | 15 | 13 | 12 | 70.6 | 11 | 23 | -11 | 34 | 5 |
| Expected over 3-Mos | 10 | 16 | 8 | 11 | 60.0 | 17 | 20 | -5 | 25 | 5 |
| Since Jan 1990 | Since Jan 1990 | |||||||||
| Jun-07 | May-07 | Apr-07 | Mar-07 | Percentile | Rank | Max | Min | Range | Mean | |
| Climate | 110 | 108 | 112 | 109 | 74.0 | 41 | 123 | 73 | 50 | 101 |
| Production | ||||||||||
| Recent Trend | 24 | 14 | 10 | -2 | 80.4 | 30 | 44 | -58 | 102 | -6 |
| Likely trend | 28 | 22 | 21 | 23 | 63.5 | 33 | 63 | -33 | 96 | 7 |
| Orders/Demand | ||||||||||
| Orders & Demand | 4 | 3 | 5 | 6 | 75.9 | 27 | 25 | -62 | 87 | -15 |
| Foreign Orders & Demand | 4 | 6 | 10 | 9 | 69.7 | 48 | 31 | -58 | 89 | -11 |
| Prices | ||||||||||
| Likely Sales Prices Trend | 9 | 9 | 4 | 10 | 68.1 | 31 | 24 | -23 | 47 | 0 |
