The trade deficit in Turkey shrank markedly in December. The Turkish Statistical Institute reported it at $3.08 billion, compared with $4.18 billion in November and $4.44 billion in December 2005. This was the smallest deficit since [...]
Global| Jan 31 2007
Turkey's Trade Deficit Much Smaller in December; Auto Sector Boosts Exports
Global| Jan 31 2007
Mortgage Applications Rose A Bit
The total number of mortgage applications rose 3.2%% last week, after the sharp 8.4% decline the prior week according to the Mortgage Bankers Association. Purchase applications recovered just 1.3% after declines of 8.4% and 7.0% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
Chicago Purchasing Managers Survey Soft
The Chicago Purchasing Manager's Assn. reported that its January business barometer fell to 48.8. It was the first month the diffusion index of factory sector activity fell below the break even line of 50 since 2003. During the last [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
U.S. Construction Spending Off Again
The value of construction put in place in December fell 0.4% after an upwardly revised 0.1% November uptick. Consensus expectations had been for no change. For the full year, construction spending grew 4.8%, the weakest since 2002 [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
ADP Report: Private Payrolls Improved
The ADP Nat'l Employment Report, reported by the payroll processor, indicated that private nonfarm payrolls rose 152,000 during January. The U.S. Bureau of Labor Statistics employment figure will be published this Friday. Last month, [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
Employment Cost Index Remained Firm
The employment cost index for private industry workers increased 0.8% last quarter. That was less than the 1.0% rise expected by the Consensus, but during the latter part of 2006 the increases clearly accelerated versus the prior [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
US 4Q GDP Growth Firmer Than Expected
U.S. real GDP grew 3.5% (AR) last quarter. It was both the fastest growth since 1Q06 and beat Consensus expectations for a 3.0% rise. The yearend figure raised growth for the full year to 3.4%, slightly ahead of 3.2% during 2005. A [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 31 2007
US 4Q GDP Growth Firmer Than Expected
U.S. real GDP grew 3.5% (AR) last quarter. It was both the fastest growth since 1Q06 and beat Consensus expectations for a 3.0% rise. The yearend figure raised growth for the full year to 3.4%, slightly ahead of 3.2% during 2005. A [...]
by:Tom Moeller
|in:Economy in Brief
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