Special programs to incentivize new car purchases are having success in spurring new passenger car registrations in Europe. European Commission President Jose Manuel Barroso said Monday that the recession in Europe will extend [...]
Global| Jul 06 2009Auto Registrations Lead Recovery In Europe
- Global| Jul 06 2009
Worse Vs Much Worse...
The accompanying chart makes the point that US rate of unemployment has risen a lot and Europe’s has risen by a little. Still the higher US rate of unemployment will fall sharply in recovery whereas Europe’s history suggests that its [...]
- Global| Jul 06 2009
U.S. Initial Unemployment Insurance Claims Continue To Move Sideways
Despite the week-to-week gyration, initial claims for unemployment insurance have moved sideways since April, trending slightly downward. Reported Thursday, claims edged down last week by 16,000 to 614,000 after an upwardly revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2009
U.S. ISM Nonmanufacturing Index Improves To The Highest Level Since Last September
The service sector continued to show signs of improvement during June. The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) rose to 47.0 from an unrevised reading of 44.0 during May. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 06 2009
U.S. ISM Nonmanufacturing IndexImproves To The Highest Level Since Last September
The service sector continued to show signs of improvement during June. The Composite Index for the nonmanufacturing sector from the Institute for Supply Management (ISM) rose to 47.0 from an unrevised reading of 44.0 during May. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2009
U.S. Payrolls Decline Another 467,000 As Jobless Rate Increases To 9.5%
The Bureau of Labor Statistics indicated that the rate of job loss continued to moderate last month, just not by as much as had been anticipated. Nonfarm payrolls fell 467,000 during June after a 322,000 worker decline, revised from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2009
U.S. Light Vehicle Sales In June Hold A Steady, Sideways Movement
There's no breaking out from a sideways trend for sales of U.S. light vehicles. Certainly that was the case last month as unit vehicle sales slipped 2.3% during June to 9.69 million units (AR). That followed a 6.4% rise during May. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 02 2009
U.S. Light Vehicle Sales In JuneHold A Steady, Sideways Movement
There's no breaking out from a sideways trend for sales of U.S. light vehicles. Certainly that was the case last month as unit vehicle sales slipped 2.3% during June to 9.69 million units (AR). That followed a 6.4% rise during May. [...]
by:Tom Moeller
|in:Economy in Brief
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