Consumers in the UK apparently reacted to the Bank of England's early August rate increase as they reported a significant increase in their concern over the the UK economic outlook in the August consumer confidence survey conducted by [...]
- Global| Aug 31 2006
Consumer Confidence Falls in UK with Rising Concern over Economic Outlook
- Global| Aug 31 2006
Help-Wanted Advertising: How Low Can It Go?
The Conference Board's Index of Help-Wanted Advertising dropped to new forty five year low of 32 in July after revised stability in June at 34. During the last ten years there has been a 57% correlation between the level of help- [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
U.S. Factory Inventories Again Firm
Factory inventories rose 0.6% last month after a revised 0.9% June jump. The 8.1% annual rate of accumulation through July is double the rate of accumulation during all of last year. Primary metals inventories again were firm and rose [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
Initial Claims for Jobless Insurance Dip
Last week, initial claims for unemployment insurance fell 2,000 to 316,000 after an upwardly revised 4,000 increase during the prior week. Consensus expectations had been for 315,000 claims. During the last ten years there has been a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
U.S. Personal Income Again Up 0.6%, Core Price Inflation Eased
Personal income increased 0.6% last month, the same as during June which was unrevised. The gain slightly outpaced Consensus expectations for a 0.5% rise. Wage & salary disbursements again were strong and rose 0.6% (7.9% y/y) for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 31 2006
U.S. Personal Income Again Up 0.6%, Core Price Inflation Eased
Personal income increased 0.6% last month, the same as during June which was unrevised. The gain slightly outpaced Consensus expectations for a 0.5% rise. Wage & salary disbursements again were strong and rose 0.6% (7.9% y/y) for the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 30 2006
Summer Retail Sales Slow in Japan & Italy, Firmer in Norway & Slovenia
Retail sales data were reported today for four very different economies. While "globalization" may be bringing many aspects of the world economy closer together, these reports indicate that people's shopping behavior varies widely [...]
- Global| Aug 30 2006
Mortgage Applications Portend Further Weakness in Housing
The total number of mortgage applications slipped another 0.9% last week according to the Mortgage Bankers Association. The average level of applications in August rose 2.9% from July. Last week's decline was led by a 1.6% drop in [...]
by:Tom Moeller
|in:Economy in Brief
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