• Home price appreciation accelerates. • Record price increases are logged m/m and y/y. • Double-digit annual gains spread across the country. The Federal Housing Finance Agency (FHFA) House Price Index surged 1.8% (15.7 % y/y) during [...]
Global| Jun 29 2021
U.S. FHFA House Price Index Jumps Again in April
by:Tom Moeller
|in:Economy in Brief
Global| Jun 29 2021
U.S. Energy Prices Generally Rise
• Gasoline prices hit nearly seven-year high. • Crude oil prices add to recent gains. • Natural gas prices unchanged. Retail gasoline prices rose to $3.09 per gallon (+42.2% y/y) in the week ended June 28, the highest price since [...]
by:Sandy Batten
|in:Economy in Brief
Global| Jun 28 2021
Confidence in Finland Holds and Extends Its Gains
Consumer confidence in Finland rose to 4.6 in June from 2.7 in May. This reading compared to a 12-month average of -1.9. Confidence has been on an upswing from that 12-month average to 1.1 over six months and to 2.7 over three months. [...]
Global| Jun 28 2021
Texas Manufacturing Growth Continues and Outlook Improves in June
• Current production & orders growth pick up; employment remains strong. • Pricing power strengthens. The Texas Manufacturing Outlook Survey, conducted by the Federal Reserve Bank of Dallas, indicated that its General Business [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 25 2021
German Confidence Continues to Build
The GfK survey for Germany projects confidence for the month ahead. The new projection is for July. After several months with the confidence reading stuck in single-digit negative numbers, the index for July moved up to -0.3. It’s a [...]
Global| Jun 25 2021
U.S. Personal Spending Stabilizes as Income Declines in May
• Goods spending continues to weaken; services strengthen. • Increase in core prices hits twenty-year high. • Total take-home earnings again fall sharply. Personal consumption expenditures held steady during May (18.9% y/y) following [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jun 24 2021
German Recovery Continues to Progress
All sector climate in the IFO framework rose to a net reading of 22.7 in June from 18.3 in May. The current business situation improved to 27.1 from 18.2, while expectations moved up to 18.0 from 15.6. Climate and current conditions [...]
Global| Jun 24 2021
Kansas City Fed's Factory Sector Index Steadies in June
• Growth stays just below its record. • Component movement is mixed m/m. • Expectations for six months ahead improve. The Federal Reserve Bank of Kansas City reported that its manufacturing sector business activity index edged up to [...]
by:Tom Moeller
|in:Economy in Brief
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