Recent Updates
- US: Kansas City Fed Mfg Survey (May)
- US: Pending Home Sales Index (Apr)
- US: GDP and Corporate Profits (Q1, 2nd release)
- Canada: Retail Trade, Payroll Employment (Mar)
- South Africa: PPI (Apr) Government Debt (Apr-Prelim)
- more updates...
Economy in Brief
Kansas City Fed Manufacturing Index Dips in May But Remains Strong
The Kansas City Fed reported that its manufacturing sector business activity index declined to 23 in May...
U.S. Pending Home Sales Decline Sharply in April
Home buying remains under pressure...
U.S. Unemployment Claims Eased Slightly in the Latest Week
Initial claims for unemployment insurance filed in the week ended May 21 were 210,000 (-52.4% y/y)...
U.S. Durable Goods Orders Increase Modestly in April
Manufacturers' new orders for durable goods increased 0.4% during April (12.2% y/y)...
U.S. Mortgage Applications Continue to Weaken
The MBA Loan Applications Index fell 1.2% (-54.5% y/y) in the week ended May 20...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
State Coincident Indexes in April 2022
State Labor Markets in April 2022
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
by Robert Brusca IP in Key EU Nations Trends Lower July 10, 2007
Industrial production is accelerating Yr/Yr in none of the countries.
All countries except Spain and the UK also demonstrate a sequential slowing. Each of them also had exhibited sequential slowing through April. The bottom line is that the main EU economies are seeing growth rates that are generally undergoing a deceleration. The degree of deceleration ranges from mild to more severe. And it is not certain that the deceleration will continue. In the case of Germany slowing IP is contrary to strength in industrial orders we have seen there. Moreover, despite some slowing output growth, Germany is still strong, at least Yr/Yr growth still is. Three countries, however, have Y/Y growth of 1% or less and Spain’s trend is moving erratically lower.
| Saar except m/m | Mo/Mo | May-07 | Apr-07 | May-07 | Apr-07 | May-07 | Apr-07 | ||
| Euro-Zone Detail | May-07 | Apr-07 | Mar-07 | 3-Mo | 3-Mo | 6-mo | 6-mo | 12-mo | 12-mo |
| MFG | -- | -1.0% | 0.4% | -- | -0.1% | -- | 3.2% | -- | 4.1% |
| Consumer | -- | -0.8% | 0.8% | -- | -0.2% | -- | 1.7% | -- | 2.7% |
| Consumer Durables | -- | -1.9% | 0.1% | -- | -4.7% | -- | -1.7% | -- | 2.1% |
| Consumer Nondurables | -- | -0.8% | 0.9% | -- | 0.2% | -- | 2.0% | -- | 2.6% |
| Intermediate Goods | -- | -1.3% | 0.5% | -- | -0.8% | -- | 2.4% | -- | 4.2% |
| Capital Goods | -- | -1.1% | 0.3% | -- | 0.0% | -- | 4.9% | -- | 5.7% |
| Memo: MFG | 1-Mo% | 1-Mo% | 1-Mo% | 3-Mo | 3-Mo | 6-mo | 6-mo | 12-mo | 12-mo |
| Germany | 2.3% | -2.3% | 0.6% | 2.4% | -3.7% | 5.0% | 3.7% | 6.1% | 5.3% |
| France IP ex Construction | 0.4% | -1.0% | 0.2% | -1.5% | 2.0% | 3.0% | 1.8% | -0.3% | 1.5% |
| Italy | 0.7% | -0.9% | 0.3% | 0.4% | -4.8% | -0.8% | -2.2% | 1.0% | 1.0% |
| Spain | 7.2% | -5.1% | 1.9% | 15.7% | -29.9% | 7.6% | -8.1% | 2.5% | 6.3% |
| UK | 0.3% | 0.4% | 0.5% | 4.8% | 0.4% | 0.8% | 0.4% | 1.0% | 1.4% |
