Economy in Brief

The chart tells a clear story of what is going on in the EMU. The domestically oriented services portion of the economy is engaged in a rapid recovery and closing in on its cycle high reading, but the manufacturing sector in the EMU [...]

The industrial commodity price index from the Foundation for International Business and Economic Research (FIBER) improved slightly during the last five weeks following declines which total 13.1% during the last year. The crude oil & [...]

The Index of Leading Economic Indicators from the Conference Board increased 0.2% last month (6.5% y/y) following a 0.4% December gain, revised from 0.5%. A 0.3% rise had been expected in the Action Economics Forecast Survey. The [...]

The Philadelphia Federal Reserve Bank reported that its General Factory Sector Business Conditions Index for February declined to 5.2 from 6.3 in January. The number was at the lowest point since February 2014 and below expectations [...]

Inflation is gone. Deflation has come. It's no Saturday Night Live `land shark' skit and it's too late to just not open the door. Year over year prices are lower by 2.7% in Greece and by 1.4% in Spain: these are real drops. Finland [...]

Initial unemployment insurance claims fell to 283,000 during the week ended February 14 from an unrevised 304,000 during the prior week. The four-week moving average of initial claims declined to 283,250, the lowest level since late- [...]

Average gasoline prices improved another 8 cents last week to $2.27 per gallon (-32.7% y/y) following the prior week's 12 cent lift. Despite the gains, prices remained well below the $3.70 per gallon peak reached this past June. Haver [...]

Industrial production increased 0.2% during January (4.8% y/y) following a 0.3% December decline, earlier reported as -0.1%. The latest gain was helped by a 2.2% rise (-6.6%) in utility output. Manufacturing sector production improved [...]