Economy in Brief

The chart shows that EMU countries had completed much of their recession rebound according to the diffusion indices by late 2010; after some minor weakness, indices have moved up to even stronger levels. The EMU PMI gauge overall and [...]

Builders were kept off the job during January for the second consecutive month by severe winter weather. The value of construction put-in-place fell 0.7% following a revised 1.6% December decline, originally reported as down 2.5%. The [...]

After earlier strength, sales at chain stores slipped 0.5% at the end of last month. For February overall, sales ticked up 0.1% from the January average which was down 1.0% from December. During the last ten years there has been a 66% [...]

Last month, the Composite Index of activity in the factory sector from the Institute for Supply Management increased to 61.4 from an unrevised 60.8 in January. The figure beat consensus expectations for a reading of 60.6. The latest [...]

Strength in energy prices continues unabated. The pump price for regular gasoline last week surged nineteen cents to $3.38 per gallon, the highest since October-2008 and double the December-2008 low of $1.61. Typically, pump prices [...]

Japan's Ministry of Economy, Trade and Industry (METI) issued a number press releases today, detailing Japan's Industrial Production, Industry Shipments and Inventories, and Retail Trade. And Markit Economics released its purchasing [...]

The National Association of Realtors (NAR) reported that January pending sales of existing single-family homes fell 2.8% after a 3.2% December decline, which last month was reported as a 2.0% increase. Sales fell hard in most regions [...]

Personal income rose an improved 1.0% last month, more-than-double expectations. However, the improvement was limited to a 2.1% spike in rental income, up 10.6% y/y. Elsewhere, income growth continued moderate. The December gain in [...]