Economy in Brief

The consumer price index increased 0.2% (1.7% y/y) during November following an unrevised 0.4% October rise. The gain matched expectations in the Action Economics Forecast Survey. Prices excluding food & energy gained 0.2% (2.1% y/y) [...]

The consumer price index increased 0.2% (1.7% y/y) during November following an unrevised 0.4% October rise. The gain matched expectations in the Action Economics Forecast Survey. Prices excluding food & energy gained 0.2% (2.1% y/y) [...]

At today's meeting of the Federal Open Market Committee, the targeted fed funds rate was raised to between 0.50% and 0.75%, from 0.25% to 0.50%. It was the highest target since the end of 2008. The FOMC indicated that an improved [...]

It's a mixed bad for Euro-Area industrial output as output fell for the second month in a row. The October drop is a decline of only 0.1% and compares to a drop of 0.9% in September. In August IP had spurted by 0.9% and that gain [...]

Total business inventories declined 0.2% during October (+0.4% y/y) following no change in September, revised from a 0.1% increase. New data in this report showed that retail inventories declined 0.4% (+3.3% y/y) following no change. [...]

Industrial output declined 0.4% during November (-0.6% y/y) following a 0.1% October uptick, revised from no change. The latest reading disappointed expectations for a 0.2% decline in the Action Economics Forecast Survey. Factory [...]

Consumers grew cautious ahead of the holiday spending season. Total retail sales & spending at restaurants nudged 0.1% higher (3.8% y/y) during November following a 0.6% October rise, revised from 0.8%. A 0.4% increase had been [...]

The headline Final Demand Producer Price Index jumped 0.4% m/m (1.3% y/y) in November after having been unchanged in October. The Action Economics Forecast Survey had looked for a 0.1% m/m rise. This was the highest y/y rate of [...]