Despite some slight downward GDP revisions, the chart shows that France's economic recovery is still in train, with both GDP and household consumption rising at an accelerating pace. The sense of acceleration is slowing, however. [...]
Global| Dec 28 2010
French GDP Growth Is Trimmed Back
Global| Dec 23 2010
U.S. New Home Sales Recover Some as Prices Climb Back into Previous Range
Thin markets often behave erratically. So it is these days with home sales as well as with financial assets. Total new home sales rose to 290,000 SAAR in November from 275,000 in October, revised from 283,000. This volume change, at [...]
Global| Dec 23 2010
Consumer Sentiment Improves
The consumer held onto the improved mood adopted since this past summer, just in time for the holiday season. During December the University of Michigan Index of Consumer Sentiment rose to 74.5, slightly better than the mid-month [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2010
U.S. Initial Unemployment Insurance Claims Decline
Initial claims for unemployment insurance slipped last week to 420,000 from 423,000 during the prior period (revised from 420,000). The four-week moving average ticked up to 426,000, still near the lowest since July 2008. The latest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2010
Battle Of The Bulge?...Belgian CPI Bulges
The Belgian CPI continues to run a bit hotter than the CPI for the Euro-Area as a whole. The 0.5% rise in December is high and the 12-month pace of 3.1% is uncomfortable. Over 12 months to Oct the EMU pace is 1.9%. On that same [...]
Global| Dec 23 2010
U.S. Durable Goods Orders Still Mixed Through November
The mixed pattern of durable goods orders continued through November. Total orders fell another 1.3%, following October's 3.1% drop. But apart from transportation, they were up 2.4%, reversing the 1.9% decline in October, which itself [...]
Global| Dec 23 2010
U.S. Personal Income & Spending Growth Remains Moderate
Personal income growth remains on a moderate growth track supported by improved jobs growth. Last month, income grew 0.3% following a revised 0.4% October rise, initially reported as 0.5%. A 0.2% increase has been the Consensus [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 23 2010
Italian Economy: Challenged...Italian Spirit: Indomitable
The Euro-Area is beset with challenges all around. Italy's name comes into the mix of countries that could be hit by debt problems after Portugal and Spain and sometimes Belgium. It's like a market-based hit list in some 'B' movie... [...]
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