Economy in Brief

Chain store sales last week recovered 0.7% after a 0.9% decline during the prior period, according to the International Council of Shopping Centers (ICSC)-UBS.

After a day of record declines in stock markets around the world, the Fed announced, in an emergency move, a 75 basis points cut in its benchmark interest rate from 4.25% to 3.50% today. This is the largest cut since the Fed began, in [...]

UK orders are holding in positive territory, but not by much. Order volumes expected in 3-Mos snapped back in January. Prices are staying very strong in the range in the top seven percent since end 2000. Export orders did tick back [...]

After an unscheduled meeting, the Federal Open Market Committee today lowered the Federal funds rate by seventy-five basis points to 3.50%. It was the largest cut in the rate since October 1984, followed thereafter by moves either in [...]

After an unscheduled meeting, the Federal Open Market Committee today lowered the Federal funds rate by seventy-five basis points to 3.50%. It was the largest cut in the rate since October 1984, followed thereafter by moves either in [...]

The German PPI was flat in December after a 0.9% surge in November. The ex energy PPI rose by 0.1% after rising by 0.1% in November and by 0.2% in October. No sign of second round effects here. While the EBC is worried about building [...]

The Building Societies Association (BSA), which covers all 60 Building Societies in the UK, approved mortgages amounting to 3,144 million pounds in December, down 26% from November of last year and 21% from December 2006. The broader, [...]

The Building Societies Association (BSA), which covers all 60 Building Societies in the UK, approved mortgages amounting to 3,144 million pounds in December, down 26% from November of last year and 21% from December 2006. The broader, [...]