Consumers remain glum. The full-month July reading of consumer sentiment, as measured by the University of Michigan, dropped sharply from June to 67.8, though that was up slightly from the mid-month reading. The latest was the lowest [...]
Global| Jul 30 2010
U.S. Consumer Sentiment Falls Sharply from June
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2010
U.S. Employment Cost Index Gains Moderate As Benefits Ease
The employment cost index for private industry workers gave back some its recent improvement with a 0.5% gain last quarter. Nevertheless, the increase remained improved from the 0.2% low early last year. (The series dates back to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2010
U.S. GDP Growth in Q2 Is Slightly Lower Than Expectations
It's been a disappointing tale for the reports of U.S. real GDP growth since the current recovery began. The advance figure for 2Q showed growth of 2.4%, which was slightly below expectations for 2.7%. It was the fourth straight [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2010
U.S. GDP Growth in Q2 Is Slightly Lower Than Expectations
It's been a disappointing tale for the reports of U.S. real GDP growth since the current recovery began. The advance figure for 2Q showed growth of 2.4%, which was slightly below expectations for 2.7%. It was the fourth straight [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 29 2010
Italy Biz Confidence Ticks Higher And Slows Rate Of Gain
Italy: still rebounding - Business confidence in Italy continues to rebound even as some have an eye on Italy as one of THOSE countries with too much debt and one that could be in trouble. Ever since the Greek crisis broke the Euro- [...]
Global| Jul 29 2010
U.S. Weekly Initial Claims for Unemployment Insurance Slip
It was another humdrum indication of an uninspiring labor market. Initial claims for jobless insurance ticked lower last week to 457,000 from 468,000 the prior week, revised from 464,000. The four-week moving average of initial claims [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 28 2010
Most Money Supplies Speed Up A Bit
While money supplies have speeded up a bit over three months compared to six months there is no great monetary stimulus in the offing. In the UK there is a set back. Despite all the concerns about the huge excess bank reserves in the [...]
Global| Jul 28 2010
U.S. Mortgage Applications Slip Overall But Purchase Apps Improve
The Mortgage Bankers Association reported that mortgage applications fell 4.4% last week and reversed roughly half of the prior week's gain. Nevertheless, for July overall applications rose 15.0% from June and by nearly one-half from [...]
by:Tom Moeller
|in:Economy in Brief
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