The tide is rising and gaining momentum against austerity. The Dutch government was brought down last week over the issue and the Socialist candidate, Francois Hollande, who promises to fight the fiscal pact signed by members of the [...]
- Global| Apr 30 2012
Rising Unemployment and Austerity in the Euro Area
- Global| Apr 30 2012
U.S. Personal Income Gain Helps Stabilize Savings Drawdown
Consumers adopted a more conservative approach to their income last month. Personal income increased 0.4% (3.2% y/y) during March after a 0.3% February increase, last month reported as 0.2%. Last month's increase reflected a 0.3% rise [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2012
Confidence Loses Its Grip
German confidence is edging down, now for the second month in a row. Economic confidence is still on the rise but Income and buying confidence are on the retreat. Overall confidence is higher than the May value only 25% of the time. [...]
- Global| Apr 27 2012
U.S. Consumer Sentiment Improves Slightly
The University of Michigan's Index of Consumer Sentiment for all of April improved to 76.4 versus 75.7 at mid-month and 76.2 in March. The figure compared to expectations for 75.7. The reading of current economic conditions rose from [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2012
U.S. Employment Cost Index Increase Dips
The employment cost index for private industry workers rose 0.4% in Q1 for total compensation versus a revised 0.5% Q4 rise, initially reported as 0.4%. The latest increase fell short of expectations for a 0.5% rise as compiled by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 27 2012
U.S. GDP Growth Is Disappointing
Economic growth slipped back onto the slow track last quarter with a disappointing 2.2% advance. The rise followed an unrevised 3.0% Q4 gain and was below Consensus estimates of a 2.5% rise. The highest expected gain was 3.0%. Despite [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 26 2012
EU Commission Indices Weaken In April...For Most
For the whole of EU, the economic union, not just the monetary bloc, the economic sentiment index was flat in April. But for the monetary union the index fell by 1.7%. The index for Germany fell by 1%, France fell by 0.4% Italy’s [...]
- Global| Apr 26 2012
U.S. Pending Home Sales Jump
The National Association of Realtors (NAR) reported that pending sales of single-family homes during March jumped 4.1% (12.8% y/y) following an upwardly revised 0.4% February uptick. The index level of 101.4 (2001=100) was the highest [...]
by:Tom Moeller
|in:Economy in Brief
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