The summer driving season is over and the overall economy is weak. That's a prescription for lower gasoline prices. Last week, the pump price for a gallon of regular gasoline dropped thirteen cents (-3.5%) to $3.69 per gallon. That [...]
- Global| Oct 23 2012
U.S. Gasoline Prices Decline Sharply With Slackened Demand
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2012
Japanese Exports Big Year to Year Decline
The disastrous earthquake and tsunami of March, 2011 disrupted Japan's foreign trade in goods for more than a year as the loss of production curtailed exports and increased imports. But so far there has not been a return to [...]
- Global| Oct 22 2012
NABE Lowers Projected GDP Growth
For 2013, the National Association for Business Economics lowered the expectation for real GDP growth to 2.2%, a revision from the 2.7% expected in May. That follows a little revised projection for 2.2% growth for this year. Quarterly [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2012
State Unemployment Rates Are Improved But Vary Greatly
Throughout the United States, the unemployment rate has fallen to some degree from its recession high. However, there are notable exceptions. In New Jersey and New York, for example, unemployment rates recently reached new highs. In [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2012
Orders Struggle in France and Italy
Orders rose in August for both France and Italy. But growth rates continue to be challenged. For the moment France is keeping weakness away a bit better than is Italy. There are other differences too. For Italy domestic demand has [...]
- Global| Oct 19 2012
U.S. Existing Home Sales Decline
The National Association of Realtors reported that sales of existing homes fell 1.7% last month to a 4.750M annual rate. The decline followed an upwardly revised 8.1% August rise and roughly matched expectations. Sales of existing [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 19 2012
U.S. Initial Jobless Insurance Claims Surge
Initial unemployment insurance claims spiked to 388,000 during the week ended October 13 versus a revised 342,000 during the prior week, last week reported as 339. Consensus expectations were for 365,000. The four-week moving average [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 18 2012
U.S. Leading Indicators Recover
The Leading Economic Indicator index from the Conference Board increased 0.6% last month following a 0.4% August decline, initially estimated at -0.1%. Sixty five percent of the component series had a positive influence on the index [...]
by:Tom Moeller
|in:Economy in Brief
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