Economy in Brief: July 2019

Consumer credit outstanding increased $17.10 billion during May (5.2% y/y) following a $17.50 billion April rise, revised from $17.49 billion. These gains were the strongest since the end of last year. A $16.0 billion increase had [...]

German IP ticked higher in May, rising by 0.3% month-to-month after a 2% decline in April. German IP is declining over 12 months, six months and three months, but there is no trend deterioration. Growth is not getting progressively [...]

The Industrial Materials Price Index from the Foundation for International Business and Economic Research (FIBER) was little changed during the last four weeks. It declined, however, by 4.6% during the last three months as activity in [...]

Job growth rebounded during June. Nonfarm payrolls increased 224,000 (1.5% y/y) last month following a 72,000 May rise, revised from 75,000. So far this year, payrolls have risen an average 172,000 per month after a 223,000 monthly [...]

Germany's factory orders fell by more-than-expected in May. Total orders decreased 2.2% month-on-month in May, in contrast to a 0.4% rise in April. Domestic orders advanced by 0.7%, while foreign orders fell by a large 4.3%. Orders [...]

Job growth rebounded during June. Nonfarm payrolls increased 224,000 (1.5% y/y) last month following a 72,000 May rise, revised from 75,000. So far this year, payrolls have risen an average 172,000 per month after a 223,000 monthly [...]

Initial claims for unemployment insurance decreased 13,000 to 209,000 (-1.4% year-on-year) during the week ending July 6 from a slightly upwardly-revised reading of 222,000 in the previous week (was 221,000). While this is the lowest [...]

Manufacturers' orders declined 0.8% (+1.0% y/y) during April... The factory sector figures are available in Haver's USECON database. The expectation figure is in the AS1REPNA database. Factory Sector (% chg) - NAICS Classification May [...]