Economy in Brief

The EU regional index rose in May but the EMU index fell The table above carries the EU at the top of the table and reports the CHANGE in the EMU index in the bottom section along with country detail. In the not so merry, merry month [...]

The National Association of Realtors (NAR) reported that pending sales of existing single-family homes fell 11.6% last month after a 3.5% March gain, that was initially reported as 5.1%. Sales were at the lowest level since September. [...]

Individuals continue to do their part in supporting the economic recovery. It's just that higher prices are eroding the effort.Personal consumption expenditures gained 0.4% last month, after a 0.5% March rise, but that increase was [...]

Initial claims for jobless insurance rebounded to 424,000 from 414,000 during the week earlier, revised from 409,000. The latest figure was higher than Consensus expectations for 400,000 claims. The four-week moving average of claims [...]

The INSEE survey shows that the French household is not feeling very good about the economy. While the confidence metric did tick up it stands only in the bottom 7 percent of its range back to 1990. Over the past 12-months living [...]

In its second look at the economy last quarter, the Commerce Department didn't find much that was materially different versus last month's picture.Real GDP grew 1.8% (SAAR), still the weakest growth since Q2'10. The Q1 figure fell [...]

The Mortgage Bankers Association reported that overall mortgage applications increased another 1.1% last week following several months of strong gain. Applications to refinance a mortgage ticked up 0.9% w/w to the highest level since [...]

The GfK index of consumer climate for Germany has peaked and is headed lower, but at a snail’s pace. The climate reading peaked in March at 6.0 and in June it has receded to 5.5. The early reading index for June is without any details [...]