The Mortgage Bankers Association reported that mortgage applications surged by 14.6% last week to the highest level since May 2009. Last week's total increase was led by a 21.0% w/w jump in applications to refinance a mortgage. They [...]
Global| Oct 13 2010Mortgage Applications Surge Spurred By Higher Refinancings
by:Tom Moeller
|in:Economy in Brief
Global| Oct 13 2010IP Jumps In The Zone But It's Not Going Through Hoops
Euro-Area IP jumped in August. The 0.9% rise in MFG output follows a slide of 0.3% and drop of 0.2%. Those are the fist consecutive drops in IP for the Zone Since April of 2009. Through thick and through thin in this recovery one fact [...]
Global| Oct 13 2010Import Prices Fall With Decline In Oil Prices
A back-slide in oil prices lowered U.S. import prices during September. The 0.3% overall decline reversed half of the 0.6% August increase and left prices up 3.5% y/y. Consensus expectations had been for a 0.2% decline during last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 12 2010Is Japan's Consumer Confidence Rebound Running Out Of Gas?
Consumer confidence in Japan slipped in September for the third month in a row. It is back at its level of April this year. Confidence ranks in the lower 40% of its long term range. Willingness to buy durable goods stands in the lower [...]
Global| Oct 12 2010Exploring The Haver "Equities" Data Base
As noted in the September 2010 HAVER ANALYTICS NEWS, Haver Analytics has added a new data base, EQUITIES. The new database offers data on the capital markets of 78 countries. In addition to major price indexes, the database includes [...]
Global| Oct 12 2010Small Business Optimism Moves Further Sideways
Small businesses see little to improve their sense of well being about the U.S. economy. The National Federation of Independent Business indicated that their index of small business optimism inched up to 89.0 last month from 88.8 in [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 11 2010Contrasting Trends In Industrial Production Of Developed And Developing Economies
Industrial production data for August and, in some cases, September, have recently been released for a number of countries. Today, data for two developed economies--France and Italy--and two developing economies--Indonesia and [...]
Global| Oct 11 2010NABE Lowers Expectations for Economic Growth
In the latest report, the National Association for Business Economics indicated that moderate U.S. economic growth will continue through next year. However, expectations for 2.6% growth are down from the previous forecast of 3.2%. [...]
by:Tom Moeller
|in:Economy in Brief
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