The EMU HICP is now over 4% Yr/Yr. this is not a good result for a central bank that has set a ceiling of 2% for headline inflation. It is also running at a pace of just over 4% over three-months and six-months. No detail of prices is [...]
- Global| Jun 30 2008
EMU Inflation Goes Ballistic - Over 4%; Ceiling Still is 2%
- Global| Jun 30 2008
Consumer Confidence in the U.K. Close to All Time Low
Consumer confidence in the U. K. has declined by 5 percentage points in each of the last three months and is now -34%, one point short of the lowest value recorded in March, 1990 as shown in the first chart. Consumer confidence in the [...]
- Global| Jun 30 2008
Chicago Purchasing Managers' Barometer Slightly Improved
The Chicago Purchasing Manager's Association reported that its June business barometer improved, for the fifth straight month, to a still low level of 49.6 from 49.1 in May. Consensus expectations had been for weaker reading of 48.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 30 2008
Chicago Purchasing Managers' Barometer Slightly Improved
The Chicago Purchasing Manager's Association reported that its June business barometer improved, for the fifth straight month, to a still low level of 49.6 from 49.1 in May. Consensus expectations had been for weaker reading of 48.0. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2008
EU and Country Sentiment Indices Falling Except for Italy
Setting the tone: The EU sentiment indices set the tone for the month’s upcoming reports. Overall EU sentiment, with its sharp drop over the past three months now resides below the mid point of its range in the 49.8th percentile and [...]
- Global| Jun 27 2008
Global and EMU Money Supply Slows…but Gradually
Money growth is slowing on a gradual pace. In EMU credit growth is slowing more rapidly, undoubtedly helped along by banks’ own credit tightening moves. The table shows that nominal money supply growth rates are slowly deteriorating [...]
- Global| Jun 27 2008
Michigan Consumer Sentiment Down Even Further
The final reading of June consumer sentiment from the University of Michigan fell 5.7% from May to a level of 56.4. The decline was slightly greater-than-expected and it pulled sentiment 42% below the latest peak in early-2007. During [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 27 2008
U.S. Income Surged Due to Stimulus Payment
Nominal personal income surged 1.9% during May as the government's tax rebate checks began to be mailed out. The gain by far exceeded Consensus expectations for a 0.4% increase, although excluding rebates income rose just 0.4%. [...]
by:Tom Moeller
|in:Economy in Brief
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