The Federal Reserve Bank of Dallas indicated that its General Business Activity index declined to -6.2 this month from -1.3 in July. These figures represent improvement, however, from readings as low as -34.6 in January. The [...]
Global| Aug 29 2016
Texas Factory Sector Activity Deteriorates; Production Increases
by:Tom Moeller
|in:Economy in Brief
Global| Aug 29 2016
U.S. Personal Spending and Income Improve
Personal consumption expenditures increased 0.3% (3.8% y/y) during July following a 0.5% June rise, revised from 0.4%. The latest gain matched expectations in the Action Economics Forecast Survey. So far this year, spending has risen [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 26 2016
U.S. GDP Growth Lessened While Corporate Profits Increase
Economic growth during Q2'16 was revised lower to 1.1% (SAAR, 1.2% y/y) from the initial estimate of a 1.2% gain. The revision was accompanied by the first report of corporate earnings, which showed a 4.9% rise (-2.2% y/y), the second [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 26 2016
Euro Area Money and Credit Policy: A Total Bust
Despite best efforts to boost growth inflation money and credit, the ECB's `whatever it takes' kitchen sink policies are not getting traction. The chart tells the story of hairsplitting (if any) progress in getting money or credit [...]
Global| Aug 25 2016
U.S. Initial Unemployment Insurance Applications Decline
Initial claims for unemployment insurance eased to 261,000 (-4.0% y/y) during the week ended August 20 following an unrevised decline to 262,000 claims in the prior week. It was the lowest level of claims in five weeks, and near the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 25 2016
U.S. Durable Goods Orders Increase Is Broad-Based
New orders for durable goods rose 4.4% during July (-3.3% y/y) following a 4.2% June decline, revised from -3.9%. A 3.3% increase had been expected in the Action Economics Forecast Survey. The rise in orders was led by a 10.5% jump [...]
by:Tom Moeller
|in:Economy in Brief
Global| Aug 25 2016
German IFO Survey Fades
All components of the IFO index except construction demonstrated a significant monthly fade in August. The all sector index fell from 9.6 to 5.6. The manufacturing sector stepped back to 6.3 from 9.7. Wholesaling saw its reading [...]
Global| Aug 24 2016
U.S. FHFA House Price Index Loses Momentum
The Federal Housing Finance Agency's (FHFA) index of U.S. house prices rose a modest 0.2% in June for the third consecutive month. While the y/y change of 5.6% was fairly steady, the three month gain of 2.7% (AR) was the softest since [...]
by:Tom Moeller
|in:Economy in Brief
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