Economy in Brief: 2014

Pending sales of single-family homes fell 1.1% last month (+2.2% y/y) following a little-revised 0.6% gain during September, according to the National Association of Realtors (NAR). Home sales in the Northeast, sales improved 0.5% [...]

New home sales during October edged up 0.7% m/m to 458,000 (1.8% y/y) following a 0.4% rise to 455,000 in September, initially reported as 467,000. The latest figure disappointed expectations for 470,000 sales in the Action Economics [...]

New orders for durable goods rose 0.4% during October (+5.5% y/y) following a 0.9% fall in September, revised from -1.3%. The October increase countered expectations for a 0.6% decline in the Action Economics Forecast Survey. The [...]

Overall personal income increased 0.2% during October (4.1% y/y) after an unrevised 0.2% September rise. The increase disappointed expectations for a 0.4% improvement in the Action Economics Forecast Survey. Wages & salaries earnings [...]

Italy's consumer confidence indicator from ISAE fell in November to reach a nine-month low. In the guts of this survey, we see evidence many of the conditions that are continuing to plague consumers around the world. For example, [...]

The price for a gallon of regular gasoline fell to $2.82 last week (-14.3% y/y), down from $2.89 during the prior week and off versus $3.69 averaged in June. To account for seasonal patterns, Haver Analytics constructs factors for [...]

The Conference Board reading of consumer confidence retreated to 88.7 this month (+23.2% y/y) from 94.1 in October, revised from 94.5. The latest figure disappointed expectations for 96.0 in the Action Economics Forecast Survey. [...]

The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) remained unchanged during September following a 0.4% August gain, revised from 0.5%. The latest increase left the y/y rise at 4.3%, its weakest gain since [...]