Recent Updates
- Sweden: Valueguard-KTH HOX House Prices (Apr), Capacity Utilization (Q3), Turnover Index (Mar)
- Philippines: International Reserves (Apr)
- Japan: Japan: Machinery Orders (Mar), Housing Credit, Loans for Equipment Funds (Q1), International Trade (Apr-Pelim)
- 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 Tom Moeller March 3, 2015
The Institute for Supply Management reported that, for New York State, their February index of business conditions expected in six months increased to 71.7 and made up most of the prior month's decline. In addition, the reading for current economic conditions rebounded to 63.1, up from 57.0 twelve months ago.
Pricing power, however, deteriorated. The February index of prices paid declined to 61.4 and gave up half of January's increase.
The ISM figures are diffusion indexes and can be found in Haver's SURVEYS database. A diffusion index reading of more than 50% denotes growth while a reading of under 50% implies a contraction.
Do Placed-Based Policies Matter? from the Federal Reserve Bank of San Francisco is available here.
| ISM New York (Diffusion Index) | Feb | Jan | Dec | Feb'14 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|
| Economic Conditions Six Months Hence (SA) | 71.7 | 66.9 | 72.9 | 76.3 | 69.5 | 65.0 | 64.9 |
| Current Economic Conditions (SA) | 63.1 | 44.5 | 70.8 | 57.0 | 59.7 | 58.4 | 55.2 |
| Prices Paid (NSA) | 61.4 | 67.5 | 54.5 | 66.7 | 61.2 | 55.3 | 56.4 |
