Retail gasoline prices rose a penny last week to $2.49 per gallon (11.6% y/y), but remained lower than the $2.69 high early last month. Haver Analytics constructs factors adjusting for the seasonal variation in gasoline pump prices. [...]
Global| Oct 31 2017
U.S. Gasoline Prices Improve; Crude Oil Strengthens
by:Tom Moeller
|in:Economy in Brief
Global| Oct 31 2017
EMU GDP: Settles Into Growth Path
From the end of 2012, EMU year-on-year real GDP has been gradually accelerating. In Q2 2015, it reached a growth rate of 2.0%. Then it slipped slightly below 2% for the next four quarters. In 2017 the 2% growth rate was back and has [...]
Global| Oct 31 2017
Chicago Purchasing Managers Index Improves
The Chicago Purchasing Managers Business Barometer for October rose to 66.2 from 65.2 in September. It was the highest level since March 2011. A decline to 62.0 had been expected in the Action Economics Forecast Survey. Based on these [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 31 2017
U.S. Consumer Confidence Is Surprisingly Strong
The Conference Board Consumer Confidence Index surged 4.4% during October (24.9% y/y) to 125.9 following a 0.2% September rise, revised from -0.5%. The index was at its highest level since December 2000. The Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 31 2017
U.S. Employment Cost Index Strengthens
The employment cost index for civilian workers rose 0.7% (2.5% y/y) during Q3'17, up from a 0.5% increase in Q2'17. A 0.6% rise had been expected in the Action Economics Survey. Wages and salaries also increased 0.7% (2.5% y/y) after [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 30 2017
EU Commission Indexes Climb But Slow Their Rate of Ascent
The EU commission indexes are still rising with gains posted in each of the sector or special function indexes in October. Retailing gained three points month-to-month; construction gained two points; the industrial and service [...]
Global| Oct 30 2017
Texas Factory Sector Growth Continues to Improve
The Federal Reserve Bank of Dallas indicated in its Texas Manufacturing Outlook Survey that the October General Business Activity Index rose to 27.6 from 21.3 in September. The index was at the highest point since March 2006. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 30 2017
U.S. Personal Income & Spending Strengthen
Personal income increased 0.4% (3.0% y/y) during September following an unrevised 0.2% August rise. It was the largest income gain since February and matched expectations in the Action Economics Forecast Survey. The Commerce [...]
by:Tom Moeller
|in:Economy in Brief
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