Economy in Brief

Consumer sentiment for all of September improved, according to the University of Michigan. The full month reading recouped all an August decline and rose 4.1% to 85.4, up from a mid-month read of 84.4. Consensus expectations had been [...]

Personal income matched expectations and rose 0.3% last month after a downwardly revised 0.5% gain during July. Personal consumption rose a slightly less than expected 0.1%, held back held back by a 6.5% m/m drop (-4.7% y/y) in unit [...]

Personal income matched expectations and rose 0.3% last month after a downwardly revised 0.5% gain during July. Personal consumption rose a slightly less than expected 0.1%, held back held back by a 6.5% m/m drop (-4.7% y/y) in unit [...]

Retail trade in Sweden was flat from month-to-month over this past summer, but Swedish consumers have shown some interesting underlying buying patterns. Total retail sales edged down 0.1% in August following a similar minuscule [...]

Initial claims for jobless insurance fell 6,000 to 316,000 after an upwardly revised 11,000 increase during the prior week. Consensus expectations had been for 315,000 claims. During the last ten years there has been a (negative) 78% [...]

U.S. real GDP growth last quarter was revised back to 2.6% (AR) from the preliminary report of 2.9% and the advance report of 2.5% growth. The figure fell short of Consensus expectations for an unrevised 2.9% advance. Growth in 2Q [...]

U.S. real GDP growth last quarter was revised back to 2.6% (AR) from the preliminary report of 2.9% and the advance report of 2.5% growth. The figure fell short of Consensus expectations for an unrevised 2.9% advance. Growth in 2Q [...]

After a surge in credit card borrowing in 2004, British consumers slowed their use of credit cards last year and most recently, in six of the last eight months, they have cut their credit card debt absolutely. This pattern emerges [...]