Economy in Brief

Inflationary pressures remain well contained. The consumer price index fell 0.3% during November (+1.3% y/y) following unrevised stability during October. It was the largest monthly decline since December 2008 and outpaced [...]

Housing starts during November declined 1.6% to 1.028 million (AR, +7.5% y/y) from 1.045 million in October, revised from 1.009 million. The latest figure roughly matched expectations for 1.025 million starts in the Action Economics [...]

WTI crude oil prices declined 9.0% last week to an average $61.11 per barrel (-37.1% y/y) from $67.18 during the prior period. Yesterday prices fell further to $55.91. Prices were 48.0% lower than their June peak of $107.52. The [...]

Housing starts during November declined 1.6% to 1.028 million (AR, +7.5% y/y) from 1.045 million in October, revised from 1.009 million. The latest figure roughly matched expectations for 1.025 million starts in the Action Economics [...]

The overall EMU flash PMI rose to 51.7 in December from 51.1 in November. The EMU moving averages for 12-months to 6-months to 3-months show a steady deterioration for the total EMU PMI and the EMU manufacturing PMI. The EMU services [...]

Industrial production jumped 1.3% last month (5.2% y/y) following a 0.1% uptick, revised from -0.1%. Manufacturing sector production surged 1.1% (4.7% y/y) following an upwardly revised 0.4% rise, last month reported as 0.2%. Three- [...]

The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo slipped to 57 this month and was unchanged y/y. Despite the m/m decline, the 2014 figure rose 2.5% after a nearly one-half increase in 2013. [...]

Industrial production jumped 1.3% last month (5.2% y/y) following a 0.1% uptick, revised from -0.1%. Manufacturing sector production surged 1.1% (4.7% y/y) following an upwardly revised 0.4% rise, last month reported as 0.2%. Three- [...]