The German GfK consumer climate index has simply continued to expand. The index rise dates back to 2008 and it has risen from that point with only minor interruptions despite some real turbulence in the euro zone since the economic [...]
Global| Dec 20 2013
Germany Confidence Plows Ahead
Global| Dec 19 2013
U.S. Existing Home Sales Fall and Prices Weaken Further
Sales of existing single-family homes fell 4.3% (-1.2% y/y) to 4.900 million (AR) during November from an unrevised 5.120 million in October. The decline from the August high totals 9.1%. November sales fell short of 5.050 million [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 19 2013
U.S. Leading Economic Indicators Pick Up Last Month after October Pause
The index of Leading Economic Indicators, published by the Conference Board, was up 0.8% during November (5.2% y/y). That followed a modest 0.1% in October and was firmer than the 0.7% expected in the Action Economics Forecast Survey. [...]
Global| Dec 19 2013
Philadelphia Fed Business Conditions Index Disappoints
The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index for December rose slightly to 7.0 from 6.5 in November. The figure nevertheless remained near its lowest level since May and was weaker than [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 19 2013
U.S. Initial Claims for Unemployment Insurance Surge With Seasonal Quirks
Initial claims for unemployment insurance increased to 379,000 last week (3.6% y/y) following 369,000 claims during the week ended December 7, revised from 368,000. The rise contrasts with consensus expectations for a decline to [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 19 2013
U.S. Leading Economic Indicators Pick Up Last Month after October Pause
The index of Leading Economic Indicators, published by the Conference Board, was up 0.8% during November (5.2% y/y). That followed a modest 0.1% in October and was firmer than the 0.7% expected in the Action Economics Forecast Survey. [...]
Global| Dec 18 2013
FOMC Will Reduce the Rate of Asset Purchases
At today's meeting of the Federal Open Market Committee the Fed elected to begin reducing, in January, its purchases of agency mortgage-backed and Treasury securities to $75 billion per month from $85 billion per month. The Fed [...]
by:Tom Moeller
|in:Economy in Brief
Global| Dec 18 2013
U.S. Mortgage Loan Applications Decline Further
The Mortgage Bankers Association reported that their total mortgage market index dropped 5.5% last week (-54.1% y/y) to the lowest level since late-2008. Home purchase mortgage applications dropped 6.1% last week (-11.8% y/y). [...]
by:Tom Moeller
|in:Economy in Brief
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