The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
- Global| Jan 31 2014
U.S. Consumer Sentiment Declines
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2014
U.S. Consumer Sentiment Declines
The index of consumer sentiment from the Reuters/University of Michigan survey slipped to 81.2 in the January survey from 82.5 during December. The reading at mid-month was 80.4. The full month figure roughly matched expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2014
U.S. Employment Cost Index Includes Strength in Wages & Salaries
The employment cost index for private industry workers increased 0.5% (2.0% y/y) in Q4'13, following an unrevised 0.4% rise in Q3. For all of last year the index rose 1.9%. Wages & salaries of private industry workers gained 0.6% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2014
Unemployment in the European Union
The unemployment rate dropped by a small margin in the European Union while it remained fixed at 12% in the European Monetary Union. However the numbers of unemployed are dropping relatively sharply in both the EU and the EMU. [...]
- Global| Jan 31 2014
U.S. Consumer Spending Continues To Drain Savings
Personal consumption expenditures increased 0.4% (3.6% y/y) last month following an upwardly revised 0.6% November gain. A 0.2% rise had been expected in the Action Economics forecast survey. During all of 2013, spending rose 3.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. Pending Home Sales Hit By Winter Storms
The National Association of Realtors (NAR) reported that December pending sales of single-family homes plunged 8.7% m/m following a 0.3% slip in November, revised from a 0.2 rise. It was the seventh consecutive month of decline. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. Initial Unemployment Insurance Claims Increase
Initial claims for unemployment insurance rose to 348,000 (-7.0% y/y) during the week ended January 25 from 329,000 during the week prior, revised from 326,000. It was the highest level of claims since the second week of December. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2014
U.S. GDP Growth Moderates in Q4 and in 2013
Real GDP growth for Q4'13 eased to 3.2% (2.7% y/y) from 4.1% during the third quarter. The gain roughly matched consensus expectations for a 3.3% rise in the Action Economics survey. For all of last year growth also moderated to 1.9%, [...]
by:Tom Moeller
|in:Economy in Brief
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