Economy in Brief

New home sales during April increased 6.4% m/m to 433,000 (AR) from a revised 407,000 in March, initially reported as 384,000. Sales remained 5.7% below the peak in June of last year. The latest figure beat expectations for 425,000 [...]

The Federal Reserve Bank of Kansas City reported that its May Composite index of 10th District factory sector activity rebounded to 10 versus 7 in April. These figures were at the highest levels since early-2012. The composite index [...]

The German Ifo survey slipped to an index level of 110.4 in May from 111.2 in April. Both the current situation and the business expectations components fell on the month. The index and its components still are well above their [...]

The flash PMI for the euro area ticked down to 53.9 in May from 54.0 in April. The services reading rose to 53.5 from 53.1 while the manufacturing reading slipped to 52.5 from 53.4. From mid-2011, the May composite reading is the [...]

The first quarter's economic stagnancy looks to have been a hiccup, according the Index of Leading Economic Indicators. The Conference Board reported that the index advanced 0.4% last month, the third month of firm increase following [...]

The worst of the winter's harsh weather effect on housing may have passed, but there's little buoyancy in its wake. Sales of existing single-family homes in April gained 1.3% (-6.8% y/y) to 4.650 million (AR) versus an unrevised 4.590 [...]

The Chicago Federal Reserve reported that its National Activity Index (CFNAI) backpedaled to -0.32 last month from 0.34 during March, revised from 0.20. The latest reading was the weakest since January and remained down versus [...]

Jobless insurance claims increased week-to-week but continued to trend lower. Initial unemployment insurance claims rebounded to 326,000 (-5.2% y/y) during the week ended May 17 from 298,000 during the week prior, revised from [...]