Economy in Brief: 2014

The cost of a gallon of regular gasoline continued to fall sharply last week. At $3.12 per gallon (-7.1% y/y), the price was down from $3.21 during the prior week and was its least expensive since January 2011. To account for seasonal [...]

Sales of existing single-family homes rose 2.4% to 5.170 million (AR, -1.7%) during September from an unrevised 5.050 million in August. Sales were 3.9% below the peak reached last July. The latest level beat expectations for 5.10 [...]

The cost of a gallon of regular gasoline continued to fall sharply last week. At $3.12 per gallon (-7.1% y/y), the price was down from $3.21 during the prior week and was its least expensive since January 2011. To account for seasonal [...]

The National Association for Business Economics reported in its Survey of Business Conditions that the unit demand figure declined to 42.3 last quarter from 52.4 in Q2. These data are diffusion indexes measuring the net position of [...]

The National Association for Business Economics reported in its Survey of Business Conditions that the unit demand figure declined to 42.3 last quarter from 52.4 in Q2. These data are diffusion indexes measuring the net position of [...]

Italian industrial orders in August rose by 1.5% after a 1.5% decline in July. Foreign orders rebounded by 2.5% after a 2.1% decrease in July. Domestic orders rose by 0.7% after a 0.9% decline in July. The message here is that there [...]

Housing starts during September recovered 6.3% to 1.017 million (AR, 17.8% y/y) after a 12.8% decline to 957,000 during August, revised from 956,000. The latest level roughly matched expectations for 1.010 million starts in the Action [...]

European auto registrations continue their year-over-year gains in September, rising by 2.6% year-over-year. But this growth rate is slipping, falling from a year-over-year gain of 3.7% last month and of 4.6% the month before. Vehicle [...]