Gasoline prices remained on their downward trajectory last week, falling to an average $2.40 (-26.5% y/y), the lowest level since May 2009. Prices have fallen from $3.69 per gallon averaged this past June and from $3.91 in May, 2011. [...]
- Global| Dec 23 2014
U.S. Gasoline Prices Fall to Lowest Level Since 2009
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. FHFA Home Price Index Moves Higher
The U.S. House Price Index from the Federal Housing and Finance Agency (FHFA) increased 0.6% in October (4.5% y/y) following an unrevised no-change during September. The increase left three-month growth at 4.5%, about where it's been [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. Personal Income Has Moderate Gain, Spending Is Up 0.6% in November
Personal income rose 0.4% in November (4.2% y/y) after October's 0.3%, revised modestly from 0.2%. The November increase was slightly below expectations in the Action Economics Forecast Survey for a 0.5% gain. Wages & salaries were up [...]
- Global| Dec 23 2014
U.S. New Home Sales Pull Back With Prices
New home sales during November declined 1.6% to 438,000 (-1.6% y/y) from 445,000 in October, initially reported as 458,000. The latest figure matched expectations in the Action Economics Forecast Survey. These volume numbers are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. GDP Growth in Q3 Revised Up to Strongest Since 2003; Final Demand Strengthened
GDP growth last quarter was revised sharply higher to 5.0%, up from last month's estimate of 3.9% growth. The rise was the strongest since Q3 2003. Strengthened growth in final demand accounted for the revision. The gain exceeded the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 23 2014
U.S. Durable Goods Orders Show Unexpected Decline
New orders for durable goods fell 0.7% in November (+0.3% y/y) after rising 0.3% in October, which was marginally revised from 0.4%. The November decline confounded expectations for a 3.0% gain in the Action Economics Forecast Survey. [...]
- Global| Dec 22 2014
U.S. Existing Home Sales and Prices Decline
Existing single-family home sales fell 6.1% last month to 4.930 million (AR) versus 5.250 in October, revised from 5.260 million. Sales were 8.4% below their July 2003 high and well short of consensus expectations for 5.20 million in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Dec 22 2014
U.S. Existing Home Sales and Prices Decline
Existing single-family home sales fell 6.1% last month to 4.930 million (AR) versus 5.250 in October, revised from 5.260 million. Sales were 8.4% below their July 2003 high and well short of consensus expectations for 5.20 million in [...]
by:Tom Moeller
|in:Economy in Brief
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