Exchange rates matter. The latest data on Italian industry orders indicate that trends in orders from foreign customers and in the value of the euro tend to shift more or less at the same time. In our graph of year-on-year percent [...]
- Global| Jun 18 2004
Italy Industrial Orders Gain as Euro Softens
- Global| Jun 17 2004
Hong Kong Employment Rises, But Underemployment Still High
The labor market in Hong Kong looks to be improving gradually. Employment is rising month by month and has done so six of the last seven months. This is a distinct turnaround from declines that spanned most of the previous nine [...]
- Global| Jun 17 2004
PPI Jumped Again in May
Finished producer prices rose somewhat more than expected last month, up 0.8% versus Consensus expectations for a 0.6% gain. The rise followed a 0.7% jump in April and pulled the y/y change to 4.9%, its highest since 1990. Strength in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 16 2004
Inflation in All of Europe Higher with Energy Price Boost
Fuel costs are pushing up consumer prices in Europe now as well as in the US. May data for the new grouping, the Euro-Zone-25, show a significant acceleration of year-on-year CPI gains over the last two months. The 2.5% reading for [...]
- Global| Jun 16 2004
Housing Starts Slipped
Housing starts slipped 0.7%% last month from an upwardly revised level in April. May starts totaled 1.967Mversus the Consensus expectation for 1.95M. Single family starts rose 1.4% following the slight 0.4% April dip that was revised [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 15 2004
Another Hike in the Offering for the UK Bank Rate?
Consumer prices in the UK in May were 1.55% above a year ago. the largest year-to-year increase since March, 2003. The largest impact came from transportation costs for fuels and lubricants, which were 8.23% higher than in May,2003. [...]
- Global| Jun 15 2004
Gasoline Fueled Strong CPI Gain
The Consumer Price Index (CPI-U) rose 0.6% in May versus Consensus expectations for a 0.4% gain. The gain was fueled by an 8.1% jump in gasoline prices which were up nearly a third from last year and were nearly double the low level [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 14 2004
Recovery in Manufacturing Activity in the Pacific Rim Widens with Indonesian Report of Sharp Rise
Indonesia reported that, seasonally unadjusted, April Industrial Production in manufacturing was 17.07% above April, 2003. For the first four months of this year, manufacturing production was up 14.94% over the corresponding months of [...]
- of6Go to 3 page