The first look at the economic forecast for 2013 by the National Association for Business Economics indicated a modest pickup in growth and pricing power. In 2013, real GDP growth should average 2.8% versus 2.3% expected for this [...]
- Global| Feb 27 2012
NABE Forecasts Moderate Economic Improvement & Low Inflation
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2012
U.S. Consumer Sentiment Improves
The University of Michigan's Index of Consumer Sentiment rose in February to 75.3 and was improved from the mid-month reading of 72.5. The figure beat expectations for 72.8 and sentiment stands at its highest level in twelve months. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2012
U.S. New Home Sales Edge Lower; Recent Months Revised Upward
Sales were bolstered by extremely warm temperatures, but total new home sales slipped 0.9% last month to 321,000 following four months of sizable gain. The figures for 2H'11 were revised up. Sales beat Consensus expectations for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2012
Germany Digs Its Way Out
German IFO index echoed the progress registered earlier by the financial experts who contribute to the Zew index. The IFO index sees ongoing improvement in current conditions and in expectations. The all sector diffusion index sits in [...]
- Global| Feb 23 2012
FHFA Again Reports Home Price Improvement
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) has risen for two consecutive months as of December. The increases helped lessen the y/y decline to 0.8% from 6.0% earlier in 2011. The greatest y/y [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2012
U.S. Initial Claims For Jobless Insurance Are Stable And Low
Job market improvement remains in place. Initial unemployment insurance claims were unchanged last week at 351,000. (The previous week was revised from 348,000). The latest are the lowest figures since March 2008. Claims averaged [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 22 2012
EMU Flash PMI Readings Disappoint
As we have been warning for several months, the bounce in the EMU PMIs for MFG and Services were not to be taken to the bank. During a period when economic activity has been dropping quickly then slows its rate of descent, it is [...]
- Global| Feb 22 2012
U.S. Existing Home Sales Rise To New High As Prices Fall
Sales of existing homes rose in January to a 4.570M annual rate (0.7% y/y) from a revised 4.380M during December, last month reported as 4.610M. The latest was the highest since May 2010. Data back to 2009 were revised. Sales of [...]
by:Tom Moeller
|in:Economy in Brief
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