The employment cost index (ECI) for civilian workers rose 0.7% q/q in 2019 Q3 The employment cost index figures are available in Haver's USECON database. Consensus estimates from the Action Economics survey are in Haver's AS1REPNA [...]
- Global| Jan 31 2020
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- Global| Jan 31 2020
EMU GDP Disappoints in Q4 While the Virus Goes Viral
The preliminary GDP results are in for early EMU GDP reporters. The results are not good. I have presented the Q/Q results as compounded growth rates as they are usually presented in the U.S. Europeans tend to report the simple Q/Q [...]
- Global| Jan 31 2020
U.S. Chicago Business Barometer Weakens Unexpectedly
The Chicago Purchasing Managers' Business Barometer declined to 42.9 during January from 48.2 in December. It was the lowest level since December 2015. The Action Economics Forecast Survey expected 48.2. Readings back through 2017 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 31 2020
Employment Cost Growth Rangebound
• Overall compensation increased 0.7% in Q4 (2.7% y/y), little changed from recent trends. • Wages and salaries up 0.7% (2.9% y/y) while benefits gain 0.5% (2.2% y/y). The employment cost index (ECI) for civilian workers rose 0.7% in [...]
- Global| Jan 31 2020
U.S. Personal Spending & Income Gains Slow
Personal consumption expenditures improved 0.3% (5.0% y/y) during December following an unrevised 0.4% November rise. The increase matched expectations in the Action Economics Forecast Survey. During all of 2019, consumer spending [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2020
EU Commission Indexes Begin Upturn for EMU--Can It Last?
The table below excerpts from the full list of EMU members where only 6 of 18 reporting countries show declines in their EU Commission indexes in January (month-to-month) compared with 8 in December and 7 in November. The EMU index is [...]
- Global| Jan 30 2020
U.S. GDP Growth Remains Moderate; Domestic Demand Weakens
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019. That roughly equaled the growth during the prior two periods and left it at 2.3% for all of 2019. It was the weakest quarterly rate of growth since 2016 and met the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 30 2020
U.S. GDP Growth Remains Moderate; Domestic Demand Weakens
The U.S. economy grew 2.1% (SAAR) during the fourth quarter of 2019. That roughly equaled the growth during the prior two periods and left it at 2.3% for all of 2019. It was the weakest quarterly rate of growth since 2016 and met the [...]
by:Tom Moeller
|in:Economy in Brief
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