Economy in Brief: 2010

The U.S. current account deficit widened in Q2 to $123.3 billion from a revised $109.2 billion in Q1; this result was very close to consensus expectations for $123.9 billion. The Q2 ratio to GDP is 3.4%, up from 3.0% in Q1. The [...]

Initial claims for unemployment insurance fell 3,000 last week to 450,000 from an upwardly revised 453,000 in the week prior (originally 451,000). Claims remained the lowest in nine weeks, just before Census-takers began wrapping up [...]

The UK CBI survey showed backing off continues in the trend for new orders. Exports from EMU also have been weakening. Germany reported weaker IP and weaker new industrial orders. Germany’s Zew index has seen expectations back off [...]

The August producer price index for finished goods turned in its strongest gain since March with a 0.4% increase following a 0.2% July rise. Nevertheless, the y/y increase eased to 3.0% since the comparison was to strong gains this [...]

Last month's modest 0.2% gain in industrial production suffered from lower output of motor vehicles and matched Consensus expectations. However, overall forward momentum has lagged of late. The latest increase followed a downwardly [...]

U.S. import prices during August posted their largest one-month increase since April. The 0.6% gain followed a modest 0.1% July uptick that was revised from 0.2%. Consensus expectations had been for a 0.2% gain during last month. A [...]

Overall inflation ticked up to 0.4% (m/m) in August. But trends remain very much subdued in the Zone. Core inflation rose by 0.2% in August and by 0.1% in July. Broader trends signal no damage. Three month headline inflation descended [...]

Inventory management continues to turn towards accumulation. Total business inventories rose 1.0% during July following an upwardly revised 0.5% gain during June, changed from 0.3%. A 0.6% gain had been expected. As mentioned by [...]