Economy in Brief

The third estimate of U.S. economic growth last quarter of 2.5% (AR, 1.6% y/y) was the same as last month's figure. The rise was near the expected 2.6% gain in the Action Economics Forecast Survey. Nevertheless, the figure represented [...]

Money growth rates in the UK, the US and Japan show clear evidence of either continuing or improving growth in the respective economies. In the US, nominal money growth has been steady, vacillating between six and eight and one-half [...]

Labor market improvement is continuing in full swing. Initial claims for unemployment insurance fell to 305,000 during the week ended September 21 from 310,000 in the prior week, revised from 309,000. Expectations had been for an [...]

Federal Reserve financial accounts data (formerly known as the "flow of funds") for Q2 show the net volume of credit market borrowing at a $1.4 trillion annual rate, down markedly from $2.1 trillion in Q1. Q1 is moderately revised [...]

Federal Reserve financial accounts data (formerly known as the "flow of funds") for Q2 show the net volume of credit market borrowing at a $1.4 trillion annual rate, down markedly from $2.1 trillion in Q1. Q1 is moderately revised [...]

The Mortgage Bankers Association reported that the total mortgage market index increased another 5.5% (-48.4% y/y) last week and added to its 11.2% increase during the prior week. Home purchase mortgage applications rose 6.6% (7.3% [...]

New home sales during August gained 7.9% to 421,000 after a 14.1% July decline to 390,000, initially reported as 394,000. The figure roughly matched expectations for 418,000 sales in the Action Economics Forecast Survey. These volume [...]

New orders for durable goods edged up 0.1% last month (13.7% y/y) following a revised 8.1% slump during July, earlier reported as a 7.3% drop. The figure roughly matched expectations in the Action Economics Forecast Survey. A modest [...]