The Conference Board reported that its February index of consumer confidence fell to another record low. The decline to a reading of 25.0 was a one-third drop versus January and it lowered confidence by three-quarters from the July [...]
- Global| Feb 24 2009
U.S. Consumer Confidence Fell To A Record Low
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2009
U.S. Chain Store Sales Up Again Last Week
The consumer may be getting back on his feet. Chain store sales rose 0.6% last week (Feb.21) after the prior week's 0.9% increase, according to the International Council of Shopping Centers-Goldman Sachs Index. The latest increases [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2009
U.S. Gasoline Prices Dipped
According to the U.S. Department of Energy, regular gasoline prices last week dipped five cents from the earlier period. Nevertheless, at an average $1.91 per gallon prices remained near their recent high, up 30 cents from the low. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2009
Case-Shiller Home Price Index Fell A Record 18.5% Last Year
The S&P/Case-Shiller 20 Home Price Composite Index fell 2.0% during December, the third such decline in three months. That pulled prices down 18.5% during the last twelve months and by 26.7% since their peak in May 2006. The series [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 24 2009
Case-Shiller Home Price Index FellA Record 18.5% Last Year
The S&P/Case-Shiller 20 Home Price Composite Index fell 2.0% during December, the third such decline in three months. That pulled prices down 18.5% during the last twelve months and by 26.7% since their peak in May 2006. The series [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Feb 23 2009
Can The Baltic States Hold Their Currency Pegs?
The Baltic States--Estonia, Latvia and Lithuania--have, in recent years, pegged their currencies to the euro. Until recently, this arrangement had proved economically satisfactory to the three nations. However, as the deterioration in [...]
- Global| Feb 23 2009
Italy's Inflation Rates Show Turn of Trend
Italy’s headline HICP inflation rate fell by 0.6% in January. Its domestic inflation measure fell by 0.2%. Both series show that inflation has dropped sharply. The Yr/Yr pace for the HICP, or harmonized rate, is 1.4% down from 3.2% a [...]
- Global| Feb 23 2009
Economists Forecast Moderate Rebound in Second Half
A survey of 47 top economic forecasters released today indicates that the current U.S. recession should end in the second half of this year. The subsequent recovery would start quite slowly, compared to historic norms, then pick up [...]
by:Tom Moeller
|in:Economy in Brief
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