• Spending gain is strong for second consecutive month. • Personal income decline reflects fewer government payments. • Price inflation picks up with higher energy prices. Personal consumption expenditures increased 5.6% in June [...]
Global| Jul 31 2020
U.S. Personal Spending Strengthens as Income Declines
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020
U.S. Chicago Business Barometer Surges in July
• The gain surpasses expectations. • Component improvement is broad-based. The Chicago Purchasing Managers Business Barometer improved to 51.9 during July from 36.6 in June. It was the highest reading since May 2019, up from a low of [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020
U.S. Personal Spending Strengthens as Income Declines in June
• Spending gain is strong for second consecutive month. • Personal income decline reflects fewer government payments. • Price inflation picks up with higher energy prices. Personal consumption expenditures increased 5.6% in June [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 31 2020
Employment Cost Growth Slows in Q2
• Growth of overall compensation slowed to 0.5% q/q in 2020 Q2, slightly below expectations. • Wages and salaries growth accounted for the slowdown while benefits picked up. The employment cost index (ECI) for civilian workers rose [...]
by:Sandy Batten
|in:Economy in Brief
Global| Jul 31 2020
Japan's IP Rebounds
Japan's industrial production gained 2.7% in June after an 8.9% fall in May and a bigger drop in April. While the various growth rates over different tenors (see Chart) are slowing over more recent horizons, there is no reversal in [...]
Global| Jul 30 2020
EU Sentiment Indexes Continue Their Rebound
The European Commission economic sentiment gauge for the EMU improved again in July, rising to 82.3 from June’s 75.8. However, it still has a queue standing in its 7.8 percentile, marking it as lower than this less 8% of the time. The [...]
Global| Jul 30 2020
U.S. GDP Records Steepest Decline Since WWII
• Coronavirus shuts down consumption & investment • Housing declines sharply but government spending increases. • Price inflation turns negative. U.S. GDP declined 32.9% (AR) during Q2 2020 following an unrevised 5.0% Q1 fall. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 30 2020
U.S. GDP Records Steepest Decline Since WWII
• Coronavirus shuts down consumption & investment. • Housing declines sharply but government spending increases. • Price inflation turns negative. U.S. GDP declined 32.9% (AR) during Q2 2020 following an unrevised 5.0% Q1 fall. The [...]
by:Tom Moeller
|in:Economy in Brief
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