Economy in Brief

Industrial orders in the U.K. saw the net order gauge rise to 11 in August, back to its June level. This is not just the strongest reading since June; it's a reading that has been surpassed historically only 1% of the time. The [...]

The Mortgage Bankers Association reported that their total Mortgage Market Volume Index improved 1.4% last week (-24.0% y/y) after the prior week's 2.7% decline. Applications remained two-thirds below the peak in September 2012. [...]

UK factory prices rose less than expected, gaining 0.2% in July after falling 0.2% in June. Over three months, these prices are falling at a 0.6% annual rate. Over six months, they are rising at a 0.6% annual rate. Over 12 months, [...]

The price for a gallon of regular gasoline declined four cents last week to $3.47 (-2.2% y/y). Prices remained down from the $3.78 per gallon peak reached in February of last year. To account for seasonal volatility, Haver Analytics [...]

Housing starts during July jumped 15.7% to 1,093,000 AR (21.7% y/y) following a 4.0% June decline to 945,000, revised from 893,000. The latest level was the highest since November and easily beat expectations for 965,000 starts in the [...]

The consumer price index ticked 0.1% higher (2.0% y/y) during July following a 0.3% June gain. The reading was the easiest increase since February and matched consensus expectations in the Action Economics Forecast Survey. Consumer [...]

The consumer price index ticked 0.1% higher (2.0%% y/y) during July following a 0.3% June gain. The reading was the easiest increase since February and matched consensus expectations in the Action Economics Forecast Survey. Consumer [...]

Activity in the housing garnered strength this summer. The Composite Housing Market Index from the National Association of Home Builders-Wells Fargo improved to 55 during August from an unrevised from 53 in July. The latest figure was [...]