Initial unemployment insurance claims increased 10,000 to 227,000 in the week ended June 22 from a slightly upwardly revised 217,000 (originally 216,000) the previous week. Claims continue to fluctuate around their lowest level in 50 [...]
- Global| Jun 27 2019
U.S. Initial Unemployment Claims Rise, But Not Meaningfully
by:Sandy Batten
|in:Economy in Brief
- Global| Jun 26 2019
U.S. Durable Goods Orders Increase; Core Capital Goods Orders Improve
Activity in the manufacturing sector improved during May. New orders for durable goods increased 1.3% (-2.8% y/y) following a 2.8% April decline, revised from -2.1%. A 0.1% easing in May orders had been expected in the Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2019
Texas Service Sector Business Conditions Improve
The Federal Reserve Bank of Dallas reported in its Texas Service Sector Outlook Survey that the General Business Activity Index rose to 3.2 during June from -0.3 in May. It remained below the 25.7 peak in September of last year. The [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 26 2019
Consumer Confidence Lags in Large European Economies
German consumer climate has been steadily fading in recent months although continuing to hold to a relatively strong perch based on its overall results since January 2002. Overall German consumer climate is still assessed as strong in [...]
- Global| Jun 26 2019
U.S. Durable Goods Orders Decline; Core Capital Goods Orders Improve
Activity in the manufacturing sector weakened during May. New orders for durable goods declined 1.3% (-2.8% y/y) following a 2.8% April fall, revised from -2.1%. A 0.1% easing in May orders had been expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2019
French Manufacturing Eases and Stabilizes
France in relative terms has been one of the best performing economics in the EMU. The Markit PMI readings for manufacturing have been much higher than in Germany and much more similar to the EMU average, but at those levels the [...]
- Global| Jun 25 2019
U.S. New Home Sales Disappoint & Prices Decline
The market for new homes weakened last month. New home sales declined 7.8% (-3.7% y/y) during May to 626,000 after falling to 679,000 in April, revised from 673,000. Sales of 680,000 had been expected in the Action Economics Forecast [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2019
U.S. Consumer Confidence Drops
The Conference Board Consumer Confidence Index fell a great-than-expected 7.5% to 121.5 in June (-4.4% year-on-year), from a downwardly revised 131.3 in May (was 134.1). This is the lowest reading since September 2017 and well below [...]
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