The Federal Reserve Bank of Dallas reported that its January Composite index of factory sector activity of -4.4 was negative for the first time since May 2013. The figure reflected weakness amongst all of the component series, most [...]
Global| Jan 26 2015Dallas Fed Factory Sector Activity Weakens
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2015The Gathering Euro-Storm
The chart shows the steady march of the German Ifo indices even in the context of the business cycle and its aftermath. There was a large Ifo index drop in recession followed by recovery. There was a second down draft, much milder [...]
Global| Jan 23 2015U.S. Leading Economic Indicators Continue To Rise
The Index of Leading Economic Indicators from the Conference Board increased 0.5% last month (6.4% y/y) following a 0.4% November rise, revised from 0.6%. Eighty five percent of the component series improved m/m. A steeper interest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 23 2015U.S. Existing Home Sales Declined Last Year but Prices Improved
Existing single-family home sales fell 3.1% during all of 2014 to 4.916 million, following three years of positive growth. For December alone, however, sales improved 2.4% month-to-month (3.5% y/y) to 5.040 million (AR) from 4.920, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 23 2015EMU PMI: Best in Four Months...Still Not Very Good
While the EMU flash-gauges rose in January from their December values, Germany saw manufacturing deteriorate while France saw deterioration month-to-month overall and in services. Despite the month's for EMU pickup- for the euro area [...]
Global| Jan 23 2015Chicago Fed National Activity Index Pulls Back
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for December declined to -0.05 from its decade's long high of 0.92 in November, revised from 0.73. The three-month moving average declined to a still-high [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 22 2015Kansas City Fed's Factory Sector Index Deteriorates; Prices Turn Lower
The Federal Reserve Bank of Kansas City reported that its Composite index of 10th District factory sector activity fell back to 3 this month, the lowest level since August. A negative new orders figure accounted for much of the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 22 2015U.S. Initial Claims for Jobless Insurance Ease W/W but Trend Higher
First-time claims for unemployment insurance fell to 307,000 during the week ended January 17 from 317,000 during the prior week, revised from 316,000. The four-week moving average of initial claims increased to 306,500, the highest [...]
by:Tom Moeller
|in:Economy in Brief
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