Recent Updates
- Canada: Employment Insurance (Mar), Industrial Production & Raw Material Prices (Apr)
- Mexico: Manufacturing Employment (Mar)
- Latvia: Labor Force Statistics (Apr)
- UK: CBI Industrial Trends Survey (May)
- more updates...
Economy in Brief
U.S. Mortgage Applications Continued to Slide Amid Higher Rates
The biggest declines have been in refinancing activity, while applications for purchase are just starting to crack...
UK Inflation Jumps
Inflation is at the highest rate since the series began in January of 1989...
U.S. Industrial Production Much Stronger than Expected in April
The increase in manufacturing output in April was once again led by motor vehicle and parts production...
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...
Viewpoints
Commentaries are the opinions of the author and do not reflect the views of Haver Analytics.
Profits and 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 & 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 July 25, 2008
France’s formerly stable service sector is weakening: The
Insee indicator that was above its mean level just three short months
ago is now falling sharply. The service sector barometer is now in the
37th percentile of its range with the outlook in the 35th percentile of
its range at a reading of -11 compared with an average of -2.
Observed sales are in the 62nd percentile of that series’
historic range while expected sales are ominously in the 40th
percentile of their range. The future is expected to be worse. Sales
prices are in the high seventies to 8oth percentiles. While employment
observed over the past three-months was in the 80th percentile of this
historic range for the next three-months the reading for expected
employment conditions is in the bottom 20th percentile.
| France INSEE Services Survey Jan 2000-date | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Jul 08 |
Jun 08 |
May 08 |
Apr 08 |
%tile | Rank | Max | Min | Range | Mean | |
| Climate Indicator | 94 | 101 | 102 | 103 | 36.7 | 68 | 113 | 83 | 30 | 102 |
| Climate: 3-Mo MAV | 99 | 102 | 103 | 104 | 50.6 | 55 | 113 | 85 | 28 | 102 |
| Climate: 12-Mo MAV | 106 | 108 | 109 | 109 | 79.7 | 24 | 110 | 91 | 20 | 102 |
| Outlook | -11 | -6 | -4 | -3 | 35.5 | 75 | 9 | -22 | 31 | -2 |
| Sales | ||||||||||
| Observed 3-Mos | 7 | 11 | 11 | 11 | 62.1 | 41 | 18 | -11 | 29 | 6 |
| Expected 3-Mos | 1 | 8 | 10 | 11 | 40.7 | 70 | 17 | -10 | 27 | 7 |
| Sales Price | ||||||||||
| Observed over 3-Mos | 3 | 5 | 5 | 4 | 77.8 | 7 | 5 | -4 | 9 | 0 |
| Expected over 3-Mos | 3 | 3 | 3 | 3 | 80.0 | 4 | 5 | -5 | 10 | 0 |
| Employment | ||||||||||
| Observed over 3-Mos | 12 | 11 | 17 | 14 | 82.1 | 9 | 17 | -11 | 28 | 5 |
| Expected over 3-Mos | 0 | 5 | 12 | 10 | 20.8 | 68 | 19 | -5 | 24 | 5 |
