Nominal personal income surged 1.9% during May as the government's tax rebate checks began to be mailed out. The gain by far exceeded Consensus expectations for a 0.4% increase, although excluding rebates income rose just 0.4%. [...]
- Global| Jun 27 2008
U.S. Income Surged Due to Stimulus Payment
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2008
French Household Confidence is Diving
The French household confidence index fell to -46 in June from -42 in May. This series goes back to January of 1990. Since then there are 222 observations. This index is the lowest on this period. Living standards over the last 12 [...]
- Global| Jun 26 2008
Italy’s Biz Confidence Drops; Resides in Bottom Third of its Range
In recent months Italy’s business confidence has been chopping around its current level but this is now the lowest reading of this cycle. In May Euro-data both Italy and France scored order increases that were quite strong by the [...]
- Global| Jun 26 2008
U.S. Initial Claims for Unemployment Insurance Unchanged
Initial unemployment insurance claims were unchanged last week at 384,000 versus the prior week that was revised up slightly. Consensus expectations had been for 377,000 claims. A claims level below 400,000 typically has been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2008
U.S. Existing Home Sales Flat for Several Months
The National Association of Realtors reported that, in May, sales of existing homes rose 2.0% to 4.99M after two months of slight decline. The figure was about as expected. Total sales include sales of condos and co-ops. The latest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2008
EMU Orders Post Surprising Strength in April
The pecking order is disturbed EMU orders are yet another example of enigmatic E-zone data. Country level performance is really uneven and this month the strongest economy (Germany) is showing the weakest results as EMU orders show [...]
- Global| Jun 26 2008
Italy: Retail Sales Follows Consumer Confidence Lower
Italy’s retail sales and consumer confidence are in sync or perhaps I should say ‘in sink’, since sinking it what they are both doing. Italy’s retail sales in real terms are falling at a 5.1% annual rate in 2008-Q1, that is one month [...]
- Global| Jun 26 2008
U.S. 1Q'08 GDP Revised Up Minimally, Profits Revised Down
U.S. real GDP growth during 1Q'08 was revised minimally higher and showed 1.0% growth after the 0.6% rise during 4Q '07. Still, together, the figures are the weakest since near the end of the recession year of 2001. Corporate profits [...]
by:Tom Moeller
|in:Economy in Brief
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