Economy in Brief: September 2019

The Federal Reserve Bank of Kansas City reported that its index of regional manufacturing business activity of -2 in September, the third straight negative monthly reading. These negative figures suggest declining business activity [...]

Money and credit trends in the EMU are on the upswing and are encouraging. Money growth is almost as strong as it was at its peak pace earlier in this recovery period. Of course, the last time money growth perked up to this pace it [...]

Money and credit trends in the EMU are on the upswing and are encouraging. Money growth is almost as strong as it was at its peak pace earlier in this recovery period. Of course, the last time money growth perked up to this pace it [...]

Initial claims for unemployment insurance in the week ending September 21 increased 3,000 to 213,000 (+0.5% y/y) from 210,000 in the previous week, which was revised from 208,000. The Action Economics Forecast Survey expected 212,000. [...]

Economic growth slowed in the second quarter at an unrevised 2.0% rate. The figure matched expectations in the Action Economics Forecast Survey. Last quarter's increase compared to a 3.1% rise in the first quarter. GDP growth slowed [...]

The National Association of Realtors (NAR) reported that U.S. pending home sales rose a larger-than-expected 1.6% m/m in August (+2.5% y/y) following a 2.5% m/m decline in July. Meanwhile, mortgage rates continued to decline. The [...]

Initial claims for unemployment insurance in the week ending September 21 increased 3,000 to 213,000 (+0.5% y/y) from 210,000 in the previous week, which was revised from 208,000. The Action Economics Forecast Survey expected 212,000. [...]

Sales of new single-family homes rose 7.1% (18.0% y/y) during August to 713,000 (SAAR) from 666,000 in July, revised from 635,000. Sales of 656,000 had been expected in the Action Economics Forecast Survey. These sales are recorded [...]