Economy in Brief: 2015

Consumer credit outstanding increased $16.02 billion (6.8% y/y) during August following an $18.94 billion July rise, revised from $19.1 billion. It was the weakest increase in six months. Expectations were for an $18.8 billion gain in [...]

In August German IP fell by 1.2% marking declines in two of the last three months. Last month's 1.2% gain is offset by this month's 1.2% drop. Consumer goods and capital goods output both fell in August; intermediate goods output was [...]

The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y). It was the highest level of applications since late-January. Home purchase applications surged 27.4% (48.9% y/y) [...]

The Mortgage Bankers Association reported that its total Mortgage Market Volume Index jumped 25.5% last week (52.4% y/y). It was the highest level of applications since late-January. Home purchase applications surged 27.4% (48.9% y/y) [...]

Gasoline prices at the pump remained unchanged last week at $2.32 per gallon (-29.7% y/y) but remained below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally [...]

Year-over-year German orders are still advancing but they fell in month-to-month in August for the second month in a row. German orders fell by 1.8% in August after shedding 2.2% in July. Both domestic and foreign orders fell in [...]

These foreign trade figures add to the preliminary numbers released one week ago by including trade in services and data by country. The U.S. foreign trade deficit in goods and services during August increased to $48.3 billion from [...]

The Markit (and for the US, ISM) MFG PMI's largely weakened globally in September. There were readings below 50 in nine of the seventeen countries/units in the table. There were month to month declines in the MFG-PMI indices in 11 of [...]