April new orders for durable manufactured goods dipped 0.5% after slipping a little revised 0.3% during March. Consensus expectations had been for a 1.1% decline in April. Outsized weakness in orders for transportation equipment [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2008
INSEE Biz Indicator is Weakening
The INSEE survey of business sentiment is lower in May, as the overall index fell to 102 from 106 in April. The index (blue line) has been moving sideways until early this year. The four point drop is the sharpest since April of 2005. [...]
- Global| May 27 2008
European Consumer And Business Confidence Indicators Released Today
Confidence measures were released today for Italy, France, Sweden and the Netherlands. Most showed a continued loss of confidence both by consumers and business. Consumer confidence in the Netherlands and in Sweden are shown in the [...]
- Global| May 27 2008
Consumer Confidence in May Fell Unexpectedly Hard
For May, the Conference Board reported that consumer confidence fell by 8.9% m/m which was roughly double the decline registered in April. The decline also doubled the consensus expectation for a 4.5% drop. The May shortfall left [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2008
U.S. New Home Sales & Prices Recovered in April
Sales new single family homes recovered 3.3% to 526,000, but the March decline of 11.0% was revised deeper from an initial indication of an 8.5% drop. Sales were down 62.1% from their July 2005 peak. An April sales level of 527,000 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2008
Case-Shiller Home Price Index Declined Again
The S&P/Case-Shiller Composite 20 home price index fell 2.2% m/m in March, continuing a decline of about that magnitude during each of the prior four months. This index of U.S. home prices has fallen in every month since its peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 27 2008
Case-Shiller Home Price Index Declined Again
The S&P/Case-Shiller Composite 20 home price index fell 2.2% m/m in March, continuing a decline of about that magnitude during each of the prior four months. This index of U.S. home prices has fallen in every month since its peak in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| May 23 2008
Belgian Bank Index Drops With Some Mixed Sectors
BNB index is a harbinger for the Euro Area. The BNB index plunged sharply in April and is moderately lower again in May. This month the NTC diffusion indexes for the Euro Area came out slightly ahead of the Belgian index and they [...]
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