Economy in Brief

The pump price for regular gasoline rose a penny last week to $3.71 per gallon, its highest in a month. Nevertheless, prices remained down twenty-five cents since the May peak. Pump prices usually rise this time of year with increased [...]

Unit sales of light vehicles during July recovered some of the prior two months' weakness with a 5.8% increase to 12.23M units (SAAR). Sales had fallen 1.4% and 11.0% m/m during June and May, respectively. Figures were revised [...]

The Riksbank Macro Indicators that the Bank uses in its conduct of monetary policy have been added to NORDIC, as noted in the July Haver Analytic News. The Riksbank attempts to stabilize inflation around targeted rate and production [...]

The PPI for the Euro-Area fell by 0.3%, the second straight drop in a row. The PPI has been steadily decelerating, as energy prices has abated their rise. Both headline and core inflation rates across key Euro-Area member countries [...]

Personal income rose 0.1% last month following a revised 0.2% May increase, initially reported as 0.3%. A 0.2% June increase had been expected. The revision was part of the benchmark changes to the GDP accounts reflected in Friday's [...]

EU U-rate is unchanged - The Euro-Area Unemployment Rate remained in June at 9.9% , unchanged from the May reading, according to data released by Eurostat. The Unemployment Rate was 10.2% in June 2010. According to the official [...]

The Japanese motor vehicle industry, which had suffered from supply chain disruptions and power shortage problems following the March earthquake and tsunami disasters is beginning to show progress. Production of motor vehicles fell [...]

The construction sector was not in as dire straights as previously shown, but growth still was negligible. The value of construction spending during June inched up 0.2% following similarly small gains in prior months, when declines [...]