Economy in Brief

Personal income improved 0.4% during July (4.3% y/y) for the fourth straight month. These remain the quickest increases since November and the latest figure matched expectations in the Action Economics Forecast Survey. Wages & [...]

The EU index continues to run stronger than the EMU index in the EU Commission index framework. The overall EU index stands in the 70.1 percentile of its historic queue while the EMU index stands in the 61.4 percentile of its queue. [...]

The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]

The Federal Reserve Bank of Kansas City reported that manufacturing sector business activity slackened during August. The Composite index of 10th District factory sector activity fell to -9 and reversed July's improvement. The figures [...]

The National Association of Realtors (NAR) reported that pending sales of single-family homes rose 0.5% during July (7.2% y/y) following a little-revised 1.7% June decline. Expectations were for a 1.0% increase according to Bloomberg. [...]

Initial claims for unemployment insurance eased to 271,000 (-8.9% y/y) during the week ended August 22 from an unrevised 277,000 in the week earlier. The four-week moving average rose slightly to 272,500. The Action Economics Forecast [...]

Gross domestic product advanced at a revised 3.7% annual rate (2.7% y/y) in Q2 versus the initial estimate of 2.3% growth. The figure represents broad improvement from a 0.6% Q1 advance, restrained by severe winter weather and West [...]

The INSEE business climate indicator was at 103 in August, the same level as July and May, compared with June's lower reading of 100. Through March of this year, the index has been fluctuating in a range of 99 to 100. In May, the [...]