The pump price for regular gasoline rose four cents last week to $3.60 per gallon to the highest level since September, 2008 and more-than-double the December, 2008 low of $1.61. Typically, pump prices decline this time of year due to [...]
- Global| Mar 29 2011
U.S. Gasoline Prices Reach New High
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2011
U.S. Pending Home Sales Increase
The National Association of Realtors (NAR) reported that February pending sales of existing single-family homes rose 2.1% and recouped most of the unrevised 2.8% January decline. No change in sales had been the Consensus expectation [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2011
U.S. Personal Spending Growth Improves
Personal consumption expenditures grew 0.7% last month after a 0.3% January gain that was revised up from 0.2%. A 0.5% February increase had been expected. Spending on goods rose 1.5% (7.4% y/y) after a 0.8% January increase. A 6.2% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2011
U.S. Consumer Sentiment Slumps
Consumers are reeling from the rise in oil prices. The March reading of consumer sentiment, from the University of Michigan, declined 12.9% to 67.5 from 77.5 in February. It was the lowest figure since October. A reading of 68.0 had [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 25 2011
U.S. GDP Growth Revised Up and Corporate Profits Rise
Real GDP grew 3.1% (SAAR) last quarter, revised up from the 2.8% reported last month. The revision mostly reflected a lessened subtraction from inventory investment and improved capital spending. The Q4 figure roughly equaled [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2011
U.S. Durable Goods Orders Decline Unexpectedly
The positive trend of new orders for durable goods has reversed. That's the message from the 0.9% decline in February orders following a 3.6% January gain, initially reported as 2.7%. Consensus expectations were for a 1.0% increase. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 24 2011
U.S. Initial Claims For Unemployment Insurance Slip
Initial claims for jobless insurance inched lower to 382,000 last week from 387,000, initially reported as 385,000. The decline matched Consensus expectations according to Action Economics. Claims remained near the lowest since May [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 23 2011
Euro-Area Orders Barely Edge Up on Strong Foreign Demand
EMU orders are up by just 0.1% in January after rising by 2.7% in December and 2.1% in November. Despite the weak January result the three-month growth rate is up at an accelerated rate of growth compared to six months and is slightly [...]
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