Economy in Brief: June 2010

The latest consumer credit numbers released late-yesterday indicated that credit rose $1.0B during April. However, the Federal Reserve revised the March figure to a sharp $5.4B decline from a $2.0B increase reported last month. While [...]

The latest consumer credit numbers released late-yesterday indicated that credit rose $1.0B during April. However, the Federal Reserve revised the March figure to a sharp $5.4B decline from a $2.0B increase reported last month. While [...]

The news from Europe is not all bad. Data released today show that the real sector, as opposed to the financial sector, continues to improve in a number of countries. German Manufacturing Orders and Sales increased in April, contrary [...]

German orders surged in April rising by 2.8% on the heels of a 5.1% gain in March. As a result the three month growth rate of orders is up to 36.7% (saar). Foreign orders are roaring at a 43.3% annual rate over three months. Domestic [...]

Contained in Friday's employment report, which showed that the total civilian unemployment rate fell, was an increase in a broader measure which includes marginally attached workers and those working part-time for economic reasons. [...]

Contained in Friday's employment report, which showed that the total civilian unemployment rate fell, was an increase in a broader measure which includes marginally attached workers and those working part-time for economic reasons. [...]

· EMU GDP performed slightly better than expected in 2010-Q1. GDP is now up by 0.6% Yr/Yr the first positive Yr/Yr result since the downturn began. Austria and Italy post the strongest Q/Q numbers in 2010-Q1. Germany and France show [...]

Slower growth in real GDP last quarter accompanied more of a slowdown in worker productivity than reported last month. Nonfarm business sector grew 2.8% (AR) versus the initial estimate of 3.6%, down from 6.3% during 4Q. Nevertheless, [...]