Economy in Brief

The U.S. foreign trade deficit during October deepened to $42.2B from $40.3B in September, revised from $41.5B. A $42.6B deficit had been expected. The deterioration occurred as imports fell 2.1% (-0.8% y/y) versus the 3.6% decline [...]

The OECD's Leading Indicator for three broad groups of countries are showing mixed trends, as shown in the attached chart. Those for the Euro Area are definitely indicating slowing economies. Except for Germany, most of the other [...]

Consumers are using their borrowing ability to keep spending. Consumer credit outstanding jumped $14.2B during October following a revised $12.2B September increase, initially reported as $11.4B, according to Federal Reserve figures [...]

The OECD's Leading Indicator for three broad groups of countries are showing mixed trends, as shown in the attached chart. Those for the Euro Area are definitely indicating slowing economies. Except for Germany, most of the other [...]

The University of Michigan's Index of Consumer Sentiment dropped sharply in early December to 74.5 (Q1 1966 = 100) from 82.7 in November. This move negated market forecasts for a steady reading of 82.8, and returned the index about to [...]

The University of Michigan's Index of Consumer Sentiment dropped sharply in early December to 74.5 (Q1 1966 = 100) from 82.7 in November. This move negated market forecasts for a steady reading of 82.8, and returned the index about to [...]

Nonfarm payrolls grew 146,000 during November following gains of 138,000 and 132,000 during the prior two months, revised down from 171,000 and 148,000, respectively. A 110,000 increase was expected. As measured in the household [...]

The University of Michigan's Index of Consumer Sentiment dropped sharply in early December to 74.5 (Q1 1966 = 100) from 82.7 in November. This move negated market forecasts for a steady reading of 82.8, and returned the index about to [...]