Recent Updates
- Macao: MICE Industry (Q1)
- UK: Average Precipitation, Motor Vehicle Production (Apr)
- Serbia: Bank Claims, Banking Survey (Apr)
- Italy: ISTAT Business & Consumer Survey (May-Press)
- Spain: Credit Institutions Balance Sheet (Mar)
- more updates...
Economy in Brief
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...
German Climate Reading Continues to Skid Toward the Abyss
Germany's GfK consumer climate reading improved ever so slightly in June...
U.S. New Home Sales Plunge in April as Prices Jump
The new home sales market is unraveling...
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...
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 December 4, 2007
The NTC sector indexes for the UK show that all three main sectors have been losing traction. The new services sector observation is not yet released so the table below reflects changes through October. But for MFG and Construction there are new observations available for November. Through November, these sectors show a trend of weakness that has been moderated in November by a run up in MFG that still leaves that sector short of its September level. Construction continued to fall and it fell hard in November. In October services took a large fall leaving it in the bottom 40 percent of its range. Construction is now weaker in the lower third of its range. MFG is still in the top 35% of its range. We are eagerly awaiting the new services observation to see if that weakness remains in place or not.
Monthly readings | Change over: | percentile | |||||
Nov-07 | Oct-07 | Sep-07 | 3MO | 6MO | 12MO | of range | |
MFG | 54.32 | 57.41 | 60.25 | -10.50 | -3.69 | -0.46 | 36.12 |
Construction | 54.32 | 57.41 | 60.25 | -10.50 | -3.69 | -0.46 | 36.12 |
Services* | #N/A | 53.08 | 56.69 | -3.94 | -4.17 | -6.18 | 39.4 |
MFG range since January 1992; Construction Since April 1997 Services Since July 1996 | |||||||
*Services changes and ranking and stem from Oct-07 which is the most current date. |