• General business index slipped. • Production cratered but employment improved. • Expectations index eased. The Federal Reserve Bank of Dallas reported that its Texas Manufacturing Outlook Survey General Business Activity Index fell [...]
- Global| Nov 30 2020
Texas Factory Sector Outlook Index Declines in November
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2020
Chicago Business Barometer Weakens During November
• Business activity index falls to three-month low. • Production, orders and inventories decline. • Pricing power strengthens. The Chicago Purchasing Managers Business Barometer eased to 58.2 during November from October's 61.1. It [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 30 2020
China's Manufacturing PMI Pushes Higher
China's manufacturing PMI moved up to a reading of 52.1 in November from 51.4 in October after posing readings in the 51 area for four months in a row. The break-out gain is the highest reading since September 2017. The index has not [...]
- Global| Nov 30 2020
Pending Home Sales Fell Again in October
• Second monthly decline in pending home sales after four consecutive monthly increases. • Sales drop concentrated in Northeast. Pending home sales fell 1.1% m/m (+20.2% y/y) in October, their second consecutive monthly decline [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Nov 27 2020
Italy's ISAE Sector Confidence Rebounds Then Retreats
The Italian business and consumer confidence readings are excellent examples of what much of Europe is going through right now. Italian confidence was hard-hit on the encroaching virus early in the year. It then snapped back sharply [...]
- Global| Nov 25 2020
U.S. New Home Sales Almost Unchanged Since August
• New single-family home sales tick down in October, but were up 41.5% y/y. • Sales mixed regionally, but generally move modestly after sizable monthly swings earlier in the year. New single-family home sales around the country [...]
- Global| Nov 25 2020
U.S. Personal Income Declines While Spending Growth Moderates During October
• Decline in income reflects fewer government transfer payments. • Spending strength reflects higher services outlays. • Prices remain steady. Personal income declined 0.7% during October (+5.5% y/y) following a 0.7% September rise, [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Nov 25 2020
U.S. Q3 Growth GDP Unrevised at 33.1%; Corporate Profits Rebound
• Q3 GDP jumps at an unrevised 33.1% annual rate in second estimate. • Component revisions were relatively small and offsetting. • Q3 after-tax corporate profits rebounds 36.6% non-annualized; above 2019Q4 peak. • Key price measures [...]
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