US real GDP last quarter rose just 3.1% (AR), the leanest rate of growth in nearly two years. Despite the weak finish to 2004, 4.4% growth for the full year was the strongest since 1999. The Consensus expectation had been for 3.5% [...]
Global| Jan 28 2005
US GDP Growth Knocked Hard By Trade Sector Deterioration
by:Tom Moeller
|in:Economy in Brief
Global| Jan 28 2005
US GDP Growth Knocked Hard By Trade Sector Deterioration
US real GDP last quarter rose just 3.1% (AR), the leanest rate of growth in nearly two years. Despite the weak finish to 2004, 4.4% growth for the full year was the strongest since 1999. The Consensus expectation had been for 3.5% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2005
Q1 Business Optimism Ebbs in Canada and the UK
While the factory orders situation in the US seems to be holding up well, those in neighboring Canada and in the UK look to be eroding. We noted here a week ago that the UK's BCC survey for Q4 might be pointing toward slower growth in [...]
Global| Jan 27 2005
Chicago Fed Nat'l Activity Index Recovered
The National Activity Index (CFNAI) compiled by the Federal Reserve Bank of Chicago recovered to 0.39 last month from a downwardly revised 0.05 in November.A zero value of the CFNAI indicates that the economy is expanding at its [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2005
U.S. Durable Goods Orders Up As Expected
Durable goods orders in December rose 0.6%, right on the Consensus expectation. The advance report of a November surge in orders was little revised. For 2004, the 10.7% gain in orders was the strongest in ten years and led to a 7.1% [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2005
Initial Claims for Unemployment Insurance Up Slightly
Initial claims for unemployment insurance rose a slight 7,000 to 325,000 last week. The increase followed the 49,000 plunge the week prior which was slightly greater than reported initially. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 27 2005
Initial Claims for Unemployment Insurance Up Slightly
Initial claims for unemployment insurance rose a slight 7,000 to 325,000 last week. The increase followed the 49,000 plunge the week prior which was slightly greater than reported initially. Consensus expectations had been for a [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jan 26 2005
UK GDP Gains Stronger-than-Expected 0.7%; All Major Sectors Move Favorably
Growth in the UK picked up in Q4, as shown in the Office of National Statistics "First Release", out today. GDP grew 0.7%, firmer than the 0.5% in Q3. Economists had expected 0.5%. The quarter was up 2.8% from a year earlier and the [...]
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