Sales of light motor vehicles continued on the fast track last month. Unit vehicle sales rose 6.5% m/m to 15.10M (AR) during February according to Autodata Corporation. That sales rate was up 13.7% versus one year earlier and was the [...]
Global| Mar 02 2012U.S. Vehicle Sales Fueled Again By Cars
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2012
PMI Advance Gets Ragged Early
The MFG PMI advanced in EMU on the month but not by much and amid churning trends. The MFG readings in Germany, Spain and Greece stand lower on the month. Among EMU nations only Germany, Austria and the Netherlands show outright [...]
- Global| Mar 01 2012
U.S. Initial Claims For Unemployment Insurance At Four Year Low
Job market improvement is continuing. Initial unemployment insurance claims slipped last week at 351,000. The previous week was revised slightly higher to 353,000. The recent figures are the lowest since March 2008. Claims averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2012
U.S. Construction Spending Slips Following Earlier Strength
After several months of strong increase, construction spending slipped in January. The 0.1% decline followed a 1.4% December rise and a 1.9% November gain that was revised up sharply. Gains in the Summer also were solid. Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2012
U.S. ISM Factory Index Slips As Prices Recover
Forward momentum in factory sector activity waned a bit last month. The Composite Index of industrial sector activity from the Institute For Supply Management slipped to 52.4 from an unrevised 54.1 in January. The latest reading [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 01 2012
U.S. Income & Spending Weaken
Individuals' wherewithal to spend diminished last month, so they didn't. Disposable personal income increased a scant 0.1% (2.3% y/y) as taxes jumped 1.6% (8.7% y/y). Adjusted for prices, disposable income slipped 0.1% m/m (+0.6% [...]
by:Tom Moeller
|in:Economy in Brief
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