Economy in Brief

The March HSBC PMI for manufacturing in China was 48.3, below the 50 mark, suggesting a slowdown in the manufacturing sector. At the same time, the China Federation of Logistics and Purchasing reported their manufacturing PMI for [...]

Finally, some relief. Pump prices for regular gasoline held steady last week at $3.94 per gallon but still were their highest since last May. The current level is up seventy cents (22%) since year-end. Haver Analytics' seasonally- [...]

Labor market improvement continued as indicated by the February job openings rate. For February, it held at a 2.6% for the third consecutive month which was the recovery's high. January was revised up from 2.5%. The figures are in the [...]

Small business optimism deteriorated last month. The National Federation of Independent Business reported that its Optimism Index fell to 92.5 in March from an unrevised 94.3 February. The latest was the lowest since November. [...]

Reported late Friday, consumer credit outstanding increased $8.7B (4.3% y/y) during February after an $18.6B January rise, revised from $17.8B. A $12.0B increase had been expected by Action Economics. It raised credit usage by 4.3% [...]

March nonfarm payrolls grew a modest 120,000 (1.5% y/y) following a revised 240,000 February increase and a 275,000 January gain, which both were little-revised. The gain disappointed expectations for a 210,000 rise. From the [...]

March nonfarm payrolls grew a modest 120,000 (1.5% y/y) following a revised 240,000 February increase and a 275,000 January gain, which both were little-revised. The gain disappointed expectations for a 210,000 rise. From the [...]

German industrial output is off year-over-year for the first time in this up-cycle. Its sequential growth rates show that output is falling at an increasingly fast pace over shorter periods of time. While there have been negative [...]