Chicago purchasing managers reported that their March Business Barometer Index moved up to 46.3 this month following a sharp decline to an unrevised 45.8 in February. The reading roughly equaled expectations for 51.4 in the Action [...]
Global| Mar 31 2015
Chicago Purchasing Managers Index Stabilizes
by:Tom Moeller
|in:Economy in Brief
Global| Mar 31 2015
U.S. Consumer Confidence Recovers
The Conference Board's Consumer Confidence Index improved to 101.3 in March (20.7% y/y) and made up half of last month's decline to 98.8, revised from 96.4. The latest figure was stronger than expectations for 96.5 in the Action [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 31 2015
Unemployment Rates Still Drop in Euro Area
Germany remains a world apart from the rest of the European Monetary Union members as its unemployment rate is less than half the average for the community. Germany's rate was steady in February as the rate fell in the EMU. In the [...]
Global| Mar 31 2015
U.S. Gasoline Prices Under Pressure Due to Excess Supply
Gasoline prices dipped a penny last week to $2.45 cents per gallon and remained down by roughly one-third versus a year ago. Prices remained well below the $3.70 per gallon peak last June. Haver Analytics constructs factors adjusting [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2015
Dallas Fed Factory Sector Activity Erodes Further
The Federal Reserve Bank of Dallas reported that its March Composite index of factory sector activity deteriorated to -17.4, the third consecutive negative monthly reading. The figure reflected weakness amongst most of the component [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2015
NABE Forecast Calls for Firm and Steady Economic Growth
The just-released National Association for Business Economics forecast of 2.9% growth in U.S. real economic activity next year follows an expected 3.1% rise this year. Quarterly GDP growth is expected to hold fairly steady near 3.0%. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2015
U.S. Pending Home Sales Increase Again
The National Association of Realtors (NAR) reported that pending sales of single-family homes improved another 3.1% during February following a 1.2% January rise, last month reported as a 1.7% increase. These sales are reported as an [...]
by:Tom Moeller
|in:Economy in Brief
Global| Mar 30 2015
U.S. Personal Income Increase Continues to Outpace Spending
Personal income rose 0.4% during February (4.5% y/y) following a revised 0.4% January increase, last month reported as 0.3%. Expectations had been for a 0.3% rise in the Consensus Economics Forecast Survey. Wages & salaries improved [...]
by:Tom Moeller
|in:Economy in Brief
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