Economy in Brief

The University of Michigan's Index of Consumer Sentiment for mid-January rose to 74.0 from 69.9 in December. The latest figure was the highest since last February and better than Consensus expectations for 71.0. Consumers' [...]

U.S. import prices matched expectations and slipped 0.1% last month. That followed a revised 0.8% November gain, initially reported as 0.7%. Year-to-year, higher oil prices and the lower value of the dollar raised prices for imported [...]

EMU seems to have posted a one-off result. Imports continue to erode in-line with other reports on economic weakness in the Zone but exports have sprung to life like a thought-to-be-dead vampire springing up from the grave on a foggy [...]

The U.S. foreign trade deficit deepened during November for the first time in five months. The shortfall rose to $47.8B from a revised $43.3B in October, initially reported as $43.5B. Expectations had been for $44.7B according to [...]

The U.S. Commerce Department reported that business inventories rose 0.3% during November following a 0.8% rise in October. Business sales also rose 0.3%. As a result, the inventory/sales ratio held at 1.27 for the fourth straight [...]

Earlier workforce improvement seems to have stuttered. Initial claims for unemployment insurance increased to 399,000 last week from 375,000 the week earlier (revised from 372,000). The latest reading was the highest reading since the [...]

Consumers took a break from raising spending last month. Total retail sales ticked up 0.1% (6.5% y/y) during December following a revised 0.4% November increase, last month reported as 0.2%. Consensus expectations had been for a 0.3% [...]

Consumers took a break from raising spending last month. Total retail sales ticked up 0.1% (6.5% y/y) during December following a revised 0.4% November increase, last month reported as 0.2%. Consensus expectations had been for a 0.3% [...]