U.S. real GDP growth during 1Q'08 was revised minimally higher and showed 1.0% growth after the 0.6% rise during 4Q '07. Still, together, the figures are the weakest since near the end of the recession year of 2001. Corporate profits [...]
- Global| Jun 26 2008
U.S. 1Q'08 GDP Revised Up Minimally, Profits Revised Down
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2008
FOMC Left Fed Funds Rate Unchanged at 2.00%
As widely expected, the Federal Open Market Committee left the Federal funds rate unchanged today at 2.00%. The Fed had been steadily lowering the rate since its high of 6.25% in July of last year, where it had been for roughly 12 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2008
UK CBI Sales/Order Survey Improves Slightly but Still Shows Decline
The CBI net balance diffusion presentation of its survey shows that sales in June were not as weak compared to a year ago as they were in May. But at -9 the result was still in the bottom quartile of the survey’s range of experience [...]
- Global| Jun 25 2008
French Business Confidence is FLAT On the Month Outlook is Buoyant!
French business confidence in June is flat at its May level and is just above its long term average. As such it stands in the 58th percentile of its range in June. Orders, both domestic and foreign, slipped in the month but the two [...]
- Global| Jun 25 2008
U.S. New-Home Sales Near The Lowest Since 1991
Sales new single-family homes fell 2.5% to 512,000 and reversed roughly half of the prior month's increase. Sales were down 63.1% from their July 2005 peak. The decline about matched expectations for a level of 514,000. Overall sales [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2008
U.S. Durable Goods Orders Unchanged in May; Downtrend Underscores Factory Sector Woes
New orders for durable manufactured goods matched expectations and were unchanged last month. The result followed a downwardly revised 1.0% drop in April. The year-to-year change in orders fell to -1.5% after a modest 1.4% rise last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 25 2008
U.S. Durable Goods Orders Unchanged in May; Downtrend Underscores Factory Sector Woes
New orders for durable manufactured goods matched expectations and were unchanged last month. The result followed a downwardly revised 1.0% drop in April. The year-to-year change in orders fell to -1.5% after a modest 1.4% rise last [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jun 24 2008
Italy's Consumer Confidence Backs Off Again
Consumer confidence in Italy in June fell back to a raw reading of 100 after its unexpected spurt to 103.2 in May. As a result it is back near its April level of 99 and ensconced at a range percentile reading of 9.8. That is the [...]
- of14Go to 3 page