The Conference Board reported that their reading of consumer confidence declined to 86.0 this month (+7.2% y/y) from 93.4 during August, revised from 92.4. The latest figure was the lowest since May and fell short of expectations for [...]
- Global| Sep 30 2014
U.S. Consumer Confidence Unexpectedly Deteriorates
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2014
Chicago Purchasing Managers Index Dips; Inventories Surge
Chicago purchasing managers indicated that their September Business Barometer Index fell to 60.5 this month but remained higher than the year-ago level of 56.3. The reading fell short of expectations for 62.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2014
U.S. Gasoline Prices Hold Steady; Crude Oil Price Falls
The cost of a gallon of regular gasoline held at $3.35 last week (-2.1% y/y), remaining the least expensive since mid-February. To account for seasonal patterns, Haver Analytics constructs factors for adjustment of pump prices. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 30 2014
Europe Dodges a Bullet; EMU Unemployment Rate Stays Put in August
The unemployment rate in the European Monetary Union stayed put at 11.5% in August. The unemployment rate for the broader European Union fell slightly to 10.1% in August from 10.2% in July. Unemployment remains high. As the chart [...]
- Global| Sep 29 2014
U.S. Consumer Spending Posts Firm Rise As Income Improves
Personal consumption expenditures increased 0.5% during August (4.1% y/y) following an unchanged July reading, revised from -0.1%. The rise matched the strongest gain since a 0.8% March increase. A 0.4% increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
NABE Predicts Improving Economic Growth
The National Association for Business Economics has released new forecasts for U.S. real economic activity. Expectations for 3.0% real GDP growth in 2015 were little-changed but this year's advance was lessened to 2.1% due to the Q1 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
U.S. Pending Home Sales Decline
Pending sales of single-family home sales declined 1.0% last month (-2.2% y/y) following a 3.2% July increase, according to the National Association of Realtors (NAR). Sales were nearly at the highest level since last August. Home [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 29 2014
U.S. Consumer Spending Posts Firm Rise As Income Improves
Personal consumption expenditures increased 0.5% during August (4.1% y/y) following an unchanged July reading, revised from -0.1%. The rise matched the strongest gain since a 0.8% March increase. A 0.4% increase had been expected in [...]
by:Tom Moeller
|in:Economy in Brief
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