Economy in Brief: 2015

The Mortgage Bankers Association reported that its total Mortgage Market Volume Index was little-changed last week (20.0% y/y). Purchase applications increased 7.7% (30.2% y/y) but refinancing applications declined 6.0% (+13.1% y/y). [...]

The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 217,000 during November following a 196,000 October gain, revised from 182,000. The latest was firmer than expectations for a 190,000 [...]

Nonfarm productivity during Q3'15 grew 2.2% at a seasonally adjusted annual rate, revised from 1.6%. The increase followed an unrevised 3.5% rise in Q2. The revised Q3 increase matched expectations in the Action Economics Forecast [...]

The Mortgage Bankers Association reported that its total Mortgage Market Volume Index was little-changed last week (20.0% y/y). Purchase applications increased 7.7% (30.2% y/y) but refinancing applications declined 6.0% (+13.1% y/y). [...]

Nonfarm productivity during Q3'15 grew 2.2% at a seasonally adjusted annual rate, revised from 1.6%. The increase followed an unrevised 3.5% rise in Q2. The revised Q3 increase matched expectations in the Action Economics Forecast [...]

The preliminary HICP inflation rate for November was reported at a 0% rise month-to-month and as a skinny 0.1% gain over 12 months. The core rate fell by 0.1% month-to-month and is higher by 0.9% year-over-year. These trends are not [...]

The ADP/Moody's National Employment Report indicated that nonfarm private sector payrolls increased 217,000 during November following a 196,000 October gain, revised from 182,000. The latest was firmer than expectations for a 190,000 [...]

Gasoline prices at the pump declined last week to $2.06 per gallon, off 3 cents from the prior week. Prices were down 25.9% y/y and roughly equaled the January low of $2.04. Haver Analytics constructs factors adjusting for the [...]