The Chicago Business Barometer plummeted to 48.7 in September from 54.4 in August. This is lowest reading since May 2015 and was led by sharp declines in production and new orders. The drop in the index to below 50 points to a [...]
Global| Sep 30 2015
Chicago Business Barometer Slumped in September
by:Sandy Batten
|in:Economy in Brief
Global| Sep 30 2015
U.S. ADP Payroll Increase Sustains Growth
The ADP/Moody's National Employment Report shows a nonfarm private sector payroll gain of 200,000 in September, after August's 186,000; August was revised minimally from 190,000 reported before. The September figure was slightly more [...]
Europe gets another taste of deflation as its unemployment rate hangs high. European (EU) unemployment came in at 9.5% for the second consecutive month in August. In the EMU, the unemployment rate is lodged at a much higher level, at [...]
Global| Sep 29 2015
U.S. Consumer Confidence Adds to Gains in September
The Conference Board's Consumer Confidence Index in September unexpectedly added to its outsized August gains. The overall index rose 1.7% in September from August to 103.0 on top of a 11.3%m/m jump in August. The September reading [...]
by:Sandy Batten
|in:Economy in Brief
Global| Sep 29 2015
U.S. Gasoline & Crude Oil Prices Stabilize
Gasoline prices at the pump were fairly stable last week at $2.32 per gallon (-30.8% y/y) but remained below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2015
EU Index Shows Surprising September Rise
The overall EU sentiment indices are moving higher year-over-year in the three largest EMU nations and for the EMU index itself. In September, the indices of the three largest EMU members also moved higher while the index for Spain, [...]
Global| Sep 28 2015
U.S. Pending Home Sales Decline Sharply
The National Association of Realtors (NAR) reported that pending sales of single-family homes declined 1.4% during August (+6.7% y/y) following an unrevised 0.5% July gain. Expectations were for a 0.4% increase according to Bloomberg. [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 28 2015
U.S. Personal Income Gain Moderates; Spending Remains Firm
Personal income increased 0.3% during August following a 0.5% July rise, revised from 0.4%. The latest gain was the weakest since March and disappointed expectations for a 0.4% rise in the Action Economics Forecast Survey. The source [...]
by:Tom Moeller
|in:Economy in Brief
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