Economy in Brief

A rising level of inventories accompanied by modest final demand was the theme of last quarter's improved economic growth. Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%. Growth was the firmest since Q1'12 and [...]

A rising level of inventories accompanied by modest final demand was the theme of last quarter's improved economic growth. Real GDP growth for Q3'13 was revised up to 3.6% (1.8% y/y) from 2.8%. Growth was the firmest since Q1'12 and [...]

Job growth recovered last month. The ADP/Moody's National Employment Report indicated a 215,000 rise (1.9% y/y) in non-farm private sector jobs during November, the firmest increase in a year. Consensus expectations were for a 175,000 [...]

The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) declined sharply during November to 53.9 after an increase to 55.4 in October. The latest was the lowest level since June and [...]

New home sales during October jumped 25.4% to 444,000 following a 6.6% September decline. These figures were released jointly due to the federal government shutdown. The latest figure compared to expectations for 435,000 sales in the [...]

The U.S. foreign trade deficit improved to $40.6 billion compared to a revised $43.0 billion in September, last month reported as $41.8 billion. A $40.1 billion deficit had been expected in the Action Economics survey. Exports jumped [...]

Job growth recovered last month. The ADP/Moody's National Employment Report indicated a 215,000 rise (1.9% y/y) in nonfarm private sector jobs during November, the firmest increase in a year. Consensus expectations were for a 175,000 [...]

Car & truck dealerships were a busy place during November. Unit sales of light motor vehicles jumped 7.7% (7.1% y/y) versus October to 16.41 million (SAAR), according to the Autodata Corporation. The latest level of sales was the [...]