The manufacturing PMI slipped again in November, dropping for three months in a row. It extends a broader continuing a string of slippages. Manufacturing has been eroding as its six-month average is below its 12-month average and its [...]
- Global| Nov 30 2017
Manufacturing and Services PMIs Weaken in China
- Global| Nov 30 2017
EMU HICP Rises in November But Core Inflation Remains Listless
Conditions for greater conflict may be coming to a head as the overall EMU HICP gained 0.4% in November as Germany's own HICP rose by 0.3%. In the EMU, the HICP is only up by 1.5% over 12 months but the six-month (annualized) pace is [...]
- Global| Nov 30 2017
Chicago Purchasing Managers Index Backpedals
The Chicago Purchasing Managers Business Barometer for November declined to 63.9 from 66.2 in October. It was at the lowest level in three months, yet up from 57.2 one year ago. A decline to 63.0 had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2017
U.S. Initial Unemployment Insurance Claims Slip
Initial unemployment insurance applications eased to 238,000 (-10.2% y/y) in the week ended November 25 from 240,000 in the prior week revised from 239,000. Expectations had been for 241,000 claims in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2017
U.S. Personal Income & Spending Remain Firm
Personal income rose 0.4% (3.4% y/y) during October following an unrevised 0.4% September increase. These gains are the largest since February and compared to a 0.3% rise expected in the Action Economics Forecast Survey. The Commerce [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2017
EU Indexes Continue to Erode
The EU Commission indexes show that the weakening trend in Europe is still in play. The overall EMU index of sentiment eroded to 109.5 in November from 109.7 in October. The pace of decline has slowed. And yet the ranking statistics [...]
- Global| Nov 29 2017
U.S. Pending Home Sales Rebound
The National Association of Realtors (NAR) reported that pending home sales increased 3.5% (-0.6% y/y) during October to an index level of 109.3 (2001=100). This followed a revised 0.4% September decline, initially reported as no [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 29 2017
Japanese Retail Sales Refuse to Perform
Japanese retail sales sank in October. Nominal retail sales have dropped month-to-month in four of the last six months and in two of the last three months. There is sequential deterioration in nominal retail sales growth as the three- [...]
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