According to the Nationwide Building Society’s measure, U.K. consumer confidence fell in March by the most since July 2008 as the election due within weeks fueled Britons’ doubts about the economy. Small surprise that is: so much for [...]
Global| May 28 2010
UK Consumer Confidence Is Challenged By Electioneering
Global| May 28 2010
U.S. Personal Spending Mixed & Income Firm
Lower gasoline prices and a pause in auto purchases braked consumer spending last month. Personal consumption expenditures were unchanged during April after an unrevised 0.6% March gain. A 0.3% increase had been expected. Spending on [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 28 2010
U.S. Personal Spending Mixed& Income Firm
Lower gasoline prices and a pause in auto purchases braked consumer spending last month. Personal consumption expenditures were unchanged during April after an unrevised 0.6% March gain. A 0.3% increase had been expected. Spending on [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 27 2010
Some Bad News From Europe…
The Insee index of household confidence has dropped again marking the fourth straight month of decline. This is not some garden variety slippage in confidence from France. The four month drop marks a cumulative drop of eight points in [...]
Global| May 27 2010
U.S. Initial Jobless Insurance Claims Slip
The labor market's improvement continues. That's the message from the Bureau of Labor Statistics report that initial claims for jobless insurance slipped 14,000 to 460,000 following last week's upwardly revised 28,000 increase. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 27 2010
U.S. GDP Growth Is Revised Slightly Lower But Corporate Profits Jump, Again
Growth in real GDP last quarter was revised slightly lower last quarter to 3.0% from 3.2% estimated in the advance report. A slowdown in the rate of inventory replenishment remained, however, the dominant piece of news, slowing the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 27 2010
U.S. GDP Growth Is RevisedSlightly Lower But Corporate Profits Jump, Again
Growth in real GDP last quarter was revised slightly lower last quarter to 3.0% from 3.2% estimated in the advance report. A slowdown in the rate of inventory replenishment remained, however, the dominant piece of news, slowing the [...]
by:Tom Moeller
|in:Economy in Brief
Global| May 26 2010
U.S. Mortgage Refinance Applications Surge With Lower Rates
Lower interest rates are encouraging mortgage refinancings, but not so much new home purchases. The Mortgage Bankers Association reported that mortgage applications jumped last week and for May they've risen 11.5% from April. The May [...]
by:Tom Moeller
|in:Economy in Brief
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