Regular gasoline prices declined to $2.33 per gallon last week (-16.9% y/y), down from $2.40 two weeks ago, according to the U.S. Department of Energy. Nevertheless, prices remained near the highest level since early September. Prices [...]
Global| Jun 28 2016
U.S. Petroleum Prices Decline; Natural Gas Jumps Higher
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016
U.S. Consumer Confidence Buoyed by the Young
The Conference Board's Consumer Confidence Index increased 6.1% during June to 98.0 (-1.8% y/y) from 92.4, revised from 92.6. The latest figure was the highest since October and beat expectations for 93.0 in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016
U.S. GDP Growth and Corporate Profits Revised Higher
Economic growth during the first quarter was revised up slightly. GDP grew 1.1% (SAAR, 2.1% y/y) following a 0.8% rise estimated last month, and 0.5% in the advance estimate. Despite the revisions, growth last quarter was the weakest [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 28 2016
Italian Consumer Confidence Makes Clear U-Turn from `New High' to Never Mind
Make no mistake about it. Italy's drop in consumer confidence is not about Brexit; it's about Italy. Italian confidence had surged, peaking in January of this year and has since been in a steady state of erosion. Confidence is 18 [...]
Global| Jun 27 2016
Dallas Fed Factory Sector Activity Index Remains Depressed
The Federal Reserve Bank of Dallas reported that its general activity index of factory sector activity remained negative during June. The index of general business conditions at -18.3 compared to -20.8 in May. The figure has been [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 27 2016
Euro Area: Pre-Brexit Snap Shot of Financial Conditions
Brexit came as a shock and now we must monitor all relevant trends to see what will be affected in the post-Brexit period. We also get a look at how trends were performing as we were gliding into the pre-Brexit vote period. The answer [...]
Global| Jun 24 2016
German IFO Echoes ZEW Optimism But What About Post-Brexit?
The IFO joins the ZEW index with a rise in June. But these increases came in the wake of the `polls' that were saying that Brexit would be defeated. In the event, Brexit was not defeated and the U.K. is on its way out of the EU. Much [...]
Global| Jun 24 2016
U.S. Durable Goods Orders Decline Paced by Military Aircraft
New orders for durable goods declined 2.2% during May (+3.2% y/y) following a 3.3% April increase, revised from 3.4%. A 0.8% decline had been expected in the Action Economics Forecast Survey. Weakness in the transportation sector led [...]
by:Tom Moeller
|in:Economy in Brief
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