Economic growth was weaker than originally estimated at the end of last year. Real gross domestic product growth slowed to 2.2% in Q4'18, revised from 2.6%, following a 3.4% increase in Q3. The Action Economics Forecast Survey [...]
- Global| Mar 28 2019
U.S. GDP Growth Is Revised Lower
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 28 2019
U.S. Initial Claims for Unemployment Insurance Decline to Near 50-Year Low
Initial claims for unemployment insurance decreased to 211,000 (-2.8% year-on-year) during the week ended March 23 from a downwardly-revised 216,000 in the previous week. The Action Economics Forecast Survey expected 224,000 claims. [...]
- Global| Mar 27 2019
U.S. Current Account Deficit Continues to Increase
The U.S. current account deficit widened to $134.4 billion during Q4'18 from $126.6 billion in Q3. It remained the largest quarterly deficit since Q4 2008 and compared to $131.1 billion expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2019
U.S. Trade Deficit Narrows as Imports Fall
The U.S. trade deficit in goods and services fell to $51.15 billion during January from $59.90 billion in December, revised from $59.77 billion. A deficit of $57.7 billion had been expected in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Mar 27 2019
Canada Posts Second Largest Trade Deficit Ever
The stalactites on the chart tell a tale of Canada flirting with some very large deficits for some time, through 2016 and into 2017. After a short hiatus, the deficit erosion seems to be back. While exports and imports both rose in [...]
- Global| Mar 26 2019
U.S. FHFA House Price Index Rises in December, but Trend Continues to Slow
The Federal Housing Finance Agency (FHFA) Price Index for house purchases rose 0.3% m/m (5.6% y/y) in December........ The FHFA house price index is a weighted purchase-only index that measures average price changes in repeat sales of [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Mar 26 2019
Germany's Consumer Confidence Is Set to Slip
The GfK German consumer confidence reading is lower in April at a level of 10.4, down from 10.7 in March. The drop marks the second monthly drop in a row. The level of the reading in April is the weakest since December 2018. GfK is a [...]
- Global| Mar 26 2019
U.S. Consumer Confidence Weakens Broadly
The consumer has become wary about the current and future economic environment. The Conference Board Consumer Confidence Index declined 5.6% (-2.3% y/y) to 124.1 during March and reversed most of February's increase. The decline left [...]
by:Tom Moeller
|in:Economy in Brief
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