The European Commission Index for the EMU area fell to 91.5 in January from 92.4 in December. It ranks in the lower 18.3% of all indexes released since 1988 (its queue or rank standing). The EMU index fell by 1% month-to-month. Among [...]
- Global| Jan 28 2021
European Commission Index Backs Off
- Global| Jan 28 2021
Kansas City Fed Manufacturing Index Continues to Improve in January
• Growth continues at quickest rate since November 2018. • Component improvement is broad-based. • Expectations for six months ahead increases. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2021
U.S. GDP Growth in Q4'20 Weakens
• Slower GDP growth reflects broad-based component weakening. • Decline in activity during 2020 is largest of post-WWII period. • Price gain eases in Q4. Recovery from the Q2'20 downturn in economic activity is continuing at a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 28 2021
U.S. Initial Jobless Claims Decrease, but Sustain Recent Range
• State initial claims fall 67,000; PUA claims ease 20,472. • Continuing claims ease, with prior week revised a bit lower. • Insured jobless rate ticks down to 3.4%. Initial claims for unemployment insurance decreased to 847,000 in [...]
- Global| Jan 28 2021
U.S. Leading Indicators Decelerate in December
• Leading index rises 0.3% in December as slowdown from the 0.7% gain in November. • Seven components increase, led by ISM manufacturing new orders. • Three decrease, most notably the contribution from jobless claims. The Conference [...]
- Global| Jan 28 2021
Goods Trade Deficit Narrows in December
• Narrowing larger than expected. • Still, net exports were a meaningful drag on overall GDP growth in Q4. • Export growth picked up while import growth slowed in December. The advance estimate of the U.S. trade deficit in goods [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 27 2021
TT
• • PREVIOUS>>>>>>>>The Mortgage Bankers Association Mortgage Loan Applications Index fell 1.9% w/w (+56.2% y/y) in the weekend January 15............. This survey covers over 75% of all U.S. retail residential mortgage applications [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 27 2021
FOMC Leaves Funds Rate Near Zero
The Federal Reserve left the target for the Fed funds rate in a range of 0.00% to 0.25% at today's meeting of the FOMC. The Fed continued to assert, "The COVID-19 pandemic is causing tremendous human and economic hardship across the [...]
by:Tom Moeller
|in:Economy in Brief
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