Unemployment in the EMU area was unchanged at 9.1% in July. However, the number unemployed rose by 0.5%, a sharp difference from June's 0.9% decline. Still, unemployment rates are unaffected for the region as a whole. But 10 of the [...]
Global| Aug 31 2017
U.S. Pending Home Sales Slip
The National Association of Realtors (NAR) reported that pending home sales eased 0.8% (-1.3% y/y) during July to an index level of 109.1 (2001=100). It was the fifth monthly decline this year, and left sales 4.0% below the peak [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 31 2017
U.S. Initial Jobless Claims Rise 1,000; Continuing Claims Hover in Lowest Range since Mid-1970s
Initial applications for unemployment insurance rose to 236,000 (-9.2% y/y) during the week ended August 26 from 235,000 the prior week; that was revised marginally from 234,000 initially reported. Expectations in the Action Economics [...]
Global| Aug 31 2017
Chicago Purchasing Managers Index Holds Steady
The Chicago Purchasing Managers Business Barometer for August held at 58.9 following its unrevised sharp July fall. A decline in the index to 58.0 had been expected in the Action Economics Forecast Survey. The latest level remained [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 31 2017
U.S. Personal Income & Spending Pick Up
Personal income increased 0.4% during July following unrevised stability in June. A 0.3% increase had been expected in the Action Economics Forecast Survey. Despite the upside surprise, y/y growth of 2.7% was below the 5.3% increase [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2017
EMU Indexes Continue to Advance As Italy Joins the Parade
Perhaps the most surprising development this month is the sharp improvement in Italy's index. The overall EMU sentiment reading rose to 111.9 in August from 111.3 in July (a gain of 0.5%). The Italian gauge jumped by 3.4%, the second [...]
Global| Aug 30 2017
U.S. GDP Growth Revised Higher, But Profits Ease
Economic growth during Q2'17 was revised higher to 3.0% (2.2% y/y) from 2.6% in the advance report. It was the quickest rate of increase since Q1'15. Growth of 2.8% had been expected in the Action Economics Forecast Survey. Reported [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 30 2017
U.S. ADP Private Payroll Growth Picks Up in Large Sized Firms
The ADP/Moody's National Employment Report indicated that private nonfarm payrolls increased 237,000 (2.0% y/y) during August following a 201,000 July rise, revised from 178,000. June's 192,000 increase was little revised. Monthly [...]
by:Tom Moeller
|in:Economy in Brief
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