Recent Updates
- Hong Kong: Movements of Aircraft, Passenger and Freight (Apr)
- US: Mfg & Trade Inventories & Sales (Mar), IP & Capacity Util, Adv Retail Sales (Apr)
- US: NAHB\Wells Fargo Housing Market Index (Mar)
- US: Industrial Production Detail (Apr)
- more updates...
Economy in Brief
U.S. Retail Sales Posted Solid Rise in April
Notwithstanding falling real incomes and declining confidence measures, consumer spending posted a solid increase...
U.S. Home Builder Index Took a Steep Drop in May
This is the fifth straight month that builder sentiment has declined...
U.S. Empire State Manufacturing Index Declines in May
The Empire State Manufacturing Index of General Business Conditions dropped thirty-six points...
Surging Imports Send the EMU Trade Scene Deeper into Deficit
The trade balance for the Euro Area fell sharply to 17.5 billion euros in March...
U.S. Import Prices Hold Steady While Export Prices Rise in April
Import prices held steady m/m (+12.0% y/y) in April...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
The Many Links of Inflation Cycle: Hard Landing Is Needed to Crack Them
Peak Inflation & 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?
"Core" GDP Suggests Economy Gained Momentum in Q1:2022
by Robert Brusca October 3, 2007
Service sector slows across EMU -- The Reuters/NTC EU indexes on the services sector show widespread weakness in September. For the Euro area 13, the index has dropped a sharp 3-plus points in September and the reading now resides only just above the midpoint of its range since May of 2000. In Germany, the reading holds in the 55th percentile of its range. For the other featured EMU countries the reading has dropped below the range midpoint. All readings remain above 50 and thus show continuing expansion in the sector. The UK index is relatively strong by comparison.
| NTC Services Indexes | ||||||
|---|---|---|---|---|---|---|
| Sep-07 | Aug-07 | 3Mo | 6Mo | 12Mo | Percentile | |
| Euro area 13 | 54.22 | 58.04 | 56.87 | 57.20 | 57.26 | 54.0% |
| Germany | 53.09 | 59.76 | 57.11 | 57.58 | 57.25 | 55.4% |
| France | 56.79 | 58.40 | 58.04 | 58.28 | 58.67 | 48.0% |
| Italy | 53.86 | 56.18 | 56.17 | 56.15 | 55.66 | 45.3% |
| Spain | 52.37 | 53.51 | 54.07 | 54.65 | 56.38 | 42.1% |
| Ireland | 54.76 | 56.98 | 55.98 | 56.31 | 58.46 | 41.9% |
| EU only | ||||||
| UK | 56.69 | 57.55 | 57.09 | 57.24 | 58.10 | 72.9% |
| Percentile is over range since May 2000 | ||||||
