Both Germany and Japan released labor force data for September today. Labor market conditions were weaker than expected in Japan and slightly stronger in Germany. The data are likely to restrain policy moves by both the Bank of Japan [...]
Global| Oct 30 2007
German Wholesale Sales Falter Again
German real ex-auto wholesale sales fell by 0.3% in September after dropping by 0.8% in August. These declines blunted the sharp 1.3% gain in July that followed a rise of 0.6% in June. Around mid-year German wholesale sales seemed to [...]
Global| Oct 30 2007
IFO Details Begin to Show Cracks…
The IFO indexes from Germany provide us with detail to their earlier release. The chart on the left shows that the EU indexes for Germany’s MFG sector track the result for the IFO. Both indexes are pointing lower with the IFO index [...]
Global| Oct 30 2007
Consumer Confidence Tanked as Gasoline Prices Rose & Home Prices Fell
Consumer confidence fell in October according to the Conference Board Survey. The 3.9% m/m decline was preceded by declines of 5.8% and 5.6% during the prior two months. The decline in the index to 95.6, in fact, was to the lowest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 30 2007
U.S. Chain Store Sales Sustain Lower Level, Gasoline Prices Up Again
The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales held steady last week (2.5% y/y) after a 1.5% decline during the week prior. The average level of store sales in October is down 0.8% from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 30 2007
U.S. Chain Store Sales Sustain Lower Level, Gasoline Prices Up Again
The International Council of Shopping Centers (ICSC)-UBS reported that chain store sales held steady last week (2.5% y/y) after a 1.5% decline during the week prior. The average level of store sales in October is down 0.8% from the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Oct 29 2007
U.K. Housing Market Cooling Off
The average price of the quality adjusted house in the UK declined 0.11% in October to 176.1 thousands of British pounds, the first decline since December, 2005. Other measures of activity in the housing market revealed in the [...]
Global| Oct 29 2007
Japan Retail Sales Edge Back in Sept...Is Slowing Trend Still in Place?
Real retail sales surged in August but they fell in September. Still, the combination leaves retail sales net better off over the past two months. The Yr/Yr chart (real retail sales) shows that the downtrend that has been in place is [...]
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