Economy in Brief

German retail sales rebounded strongly in October, gaining 2.6% after a 1% decline in September. Even with two monthly drops in a row in August and September, the October rebound puts rates on a three-month growth track. But German [...]

Personal income posted a 0.6% increase (3.9% y/y) during October following 0.4% September rise, revised from 0.3%. It was the largest increase in six months. A 0.4% increase had been expected in the Action Economics Forecast Survey. [...]

The ADP/Moody's National Employment Report indicated that nonfarm payroll employment increased 216,000 during November following a 119,000 October rise, revised from 147,000. The September increase of 196,000 also was revised down [...]

Regular gasoline prices held at $2.15 per gallon (4.6% y/y) last week, their lowest level since mid-August. Prices remained down versus a 2014 high of $3.71 per gallon. Haver Analytics constructs factors adjusting for the seasonal [...]

The Conference Board reported that its Consumer Confidence index for November increased 6.3% (15.7% y/y) to 107.1, the highest level since July 2007. October's level was revised up to 100.8 from 98.6. A rise to 101.1 in November had [...]

Economic growth was revised higher to 3.2% (1.6% y/y) during the third quarter, up from the advance estimate of a 2.9% gain. It was the strongest increase in two years, and exceeded the estimate of 3.0% growth in the Action Economics [...]

The EU Commission indices for November showed a pick up on the month and the highest EU index in 11 months. The EMU area index ticked higher to 106.5 in November from 106.4 in October; its highest reading in 11 months as well. The EU [...]

The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the General Business Activity index jumped to 10.2 during November, following negative readings extending back to December 2015. The worst of [...]