The Confederation of British industry (CBI) survey for industrial trades is showing a clear weakening profile for orders, its cycle-leading component. These trends essentially confirm what the early, or 'flash,' UK GDP reading told [...]
- Global| Jul 27 2011
UK CBI Orders Take a Walk on the Wild Side
- Global| Jul 27 2011
U.S. Durable Goods Orders Decline With Transportation Bookings
New orders for durable goods fell 2.1% last month following an unrevised 1.9% May rise. A 0.4% increase had been the Consensus expectation. Transportation sector orders led the fall and slumped 8.5% (+9.5% y/y). Bookings for aircraft [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2011
German Consumer Climate Slightly Cooler
The German GfK Consumer Climate Study for July, 2011 revealed substantial declines in both income and economic expectations. The balance of opinion regarding income expectations declined 10 percentage points to 34.6% in July from [...]
- Global| Jul 26 2011
U.S. New Home Sales Continue Sideways Movement
Total new home sales during June fell 1.0% m/m to 312,000 (AR) a downwardly revised 315,000 in May. Since last year's government program to boost purchases, sales have moved roughly sideways. The latest figure fell short of [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2011
U.S. Consumer Confidence Improves
The Conference Board reported that its July Index of Consumer Confidence rose 3.3% to 59.5. The gain recovered roughly half of the June decline which was deeper than reported initially. The latest figure beat Consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2011
U.S. Gasoline & Crude Oil Prices Nudge Higher
The pump price for regular gasoline rose two cents last week to $3.70 per gallon, its highest in a month. Nevertheless, prices remained down twenty six cents since the May peak. Pump prices usually rise this time of year with [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 26 2011
U.S. Case-Shiller Home Price Index Steadies
The seasonally adjusted Case-Shiller 20-City Home Price Index held roughly constant during May after an upwardly revised 0.4% April gain. Nevertheless, during the last twelve months prices have fallen 4.5% after rising modestly y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jul 25 2011
Italy's Consumer Confidence on Slippery Slope
For Italian consumers the thrill is gone. That is if there ever was a thrill. Confidence did rise as the recession wound down, but then its rebound deflated very quickly as expected recovery proved to be somewhere between elusive and [...]
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