Disposable personal income grew 0.4% during September, the most in six months and a pickup from the negligible 0.1% August uptick. However, adjusted for price inflation, disposable personal income slipped marginally (+1.9% y/y) after [...]
- Global| Oct 29 2012
U.S. Prices Eat Away Income Gain
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2012
German Expectations Begin to Get Hit Hard
By comparison with Italy, France and the UK, German consumers are feeling pretty good. Expectations are beginning to falter. But climate continues to show some very gradual improvement. German confidence in is the top 17% of its [...]
- Global| Oct 26 2012
Consumer Sentiment Advances To Highest Level Since 2007
The University of Michigan's Index of Consumer Sentiment for October increased to 82.6 from an unrevised 78.3 in September. The reading at mid-month was 83.1. The latest number was the highest since September 2007 and expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 26 2012
U.S. GDP Growth Firms But Price Inflation Accelerates
Economic growth recovered somewhat last quarter. Real GDP increased at a 2.0% (2.3% y/y) annual rate, up from the unrevised 1.3% Q2 gain. Consensus expectations were for a 1.8% rise. Improved growth in domestic final sales drove the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Durable Goods Orders Bounce Back M/M But Trend Lower
Durable goods orders recovered 9.9% (2.5% y/y) last month following the 13.1% falloff during August. The improvement was better than the 7.0% Consensus forecast. A 31.7% rise in orders for transportation equipment led the rebound as [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Pending Home Sales Stabilize
Pending sales of single-family homes ticked up 0.3% last month after a sharp and unrevised 2.6% August decline, according to the National Association of Realtors (NAR). While sales have risen nearly one-third from the 2010 low, the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Chicago Fed Index Recovers
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) rebounded to 0.00 during September from -1.17 during August, revised from -0.87. The three-month moving average improved to -0.37 but still was nearly the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 25 2012
U.S. Initial Claims For Unemployment Insurance Return To Sideways Trend
There's been volatility in the recent readings for initial jobless insurance claims. The sharp decline in last week's figure to 369,000 from 392,000, revised from 388,000, left the four week moving average at a slightly reduced [...]
by:Tom Moeller
|in:Economy in Brief
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