Economy in Brief

Consumer credit increased $11.4B in September, following a modestly revised $18.3B gain in August, the Federal Reserve reported. The September gain was slightly larger than the $10.3B forecasters expected, according to the Action [...]

Nonfarm payrolls grew 171,000 during October following revised gains of 148,000 and 192,000 during the prior two months, earlier reported as 114,000 and 142,000, respectively. A 121,000 increase was expected. Moderate job gains [...]

German manufacturing is beginning to be seriously affected by the slow downs in other euro area countries. German Manufacturing and Mining Sales declined 2.9% in September from August and were 2.5% below September of a year ago. New [...]

Final composite diffusion indexes of purchasing managers for October are beginning to appear. Today, Ireland and the U. K. in Europe were heard from, as well as from Japan, India and China in Asia. Purchasing managers in Ireland were [...]

The Composite Index for the service and construction sectors from the Institute for Supply Management (ISM) fell to 54.2 last month from an unrevised 55.1 during September. The figure compared to Consensus expectations for 54.5. Since [...]

Nonfarm payrolls grew 171,000 during October following revised gains of 148,000 and 192,000 during the prior two months, earlier reported as 114,000 and 142,000, respectively. A 121,000 increase was expected. Moderate job gains [...]

Light vehicle sales were under pressure last month. Unit sales of light motor vehicles during October fell 4.4% m/m (+7.2% y/y) to 14.29M (SAAR) according to the Autodata Corporation. The latest figure disappointed the Consensus [...]

The manufacturing sector continues on the mend, albeit slowly. The Institute for Supply Management reported that its composite index ticked up to 51.7 in October versus an unrevised 51.5 in September. The figure beat expectations for [...]