• Pending home sales rise to record high in August. • Fourth consecutive monthly gain; sales rise in all four major regions. • Record highs in Midwest and South. Pending home sales rose for the fourth consecutive month in August, [...]
Global| Sep 30 2020
U.S. Pending Home Sales Climb Again
by:Sandy Batten
|in:Economy in Brief
Global| Sep 30 2020
German Retail Sales Continue to Revive
While the virus is loose again in Europe, German retail sales logged a solid monthly gain rising by a strong 3.4% in August and propelling sales well above their pre-pandemic levels. Retail sales ex-autos are up by 6.6% from their [...]
Global| Sep 30 2020
Chicago Business Barometer Surges in September
• Business activity is strengthening. • Pricing power also is improved. The Chicago Purchasing Managers Business Barometer jumped to 62.4 during September from 51.2 in August. It was the highest level since December 2018 and up from [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2020
U.S. Pending Home Sales Climb Again
• Pending home sales rise to record high in August. • Fourth consecutive monthly gain; sales rise in all four major regions. • Record highs in Midwest and South. Pending home sales rose for the fourth consecutive month in August, [...]
by:Sandy Batten
|in:Economy in Brief
Global| Sep 30 2020
Small Upward Revision to GDP Still Leaves Q2 with Record Quarterly Decline
• Q2 GDP collapses at a 31.4% annual rate in third estimate versus -31.7% in previous take. • Consumption and housing revised up; capex, government and trade down. • This release now includes GDP by industry which will now be [...]
Global| Sep 30 2020
U.S. ADP Nonfarm Private Payrolls Firm in September
• Small-sized & medium-sized payroll growth improves. • Employment gain exceeds expectations. Job market improvement is ongoing. The ADP National Employment Report indicated that nonfarm private payrolls increased 749,000 (-7.5% y/y) [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 30 2020
Mortgage Applications Fell Along with Rates
• Both purchase and refinancing applications fell. • Mortgage interest rates generally fell with the 30-year Jumbo rate falling to a new record low. The Mortgage Bankers Association Mortgage Loan Applications Index fell 4.8% w/w [...]
by:Sandy Batten
|in:Economy in Brief
Global| Sep 29 2020
U.S. Consumer Confidence Rebounds Meaningfully in September
• Improves to highest level in six months. • Appraisal of both current conditions and expectations firm. • Confidence rises in all age brackets. The Conference Board's monthly consumer confidence survey showed improvement this month [...]
by:Tom Moeller
|in:Economy in Brief
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