New home sales increased 1.5% (18.5% y/y) last month to 417,000 (AR) from an unrevised 411,000 during February. The rise roughly matched Consensus expectations for sales of 420,000. Sales were mixed m/m throughout the country. New [...]
- Global| Apr 23 2013
U.S. New Home Sales Advance As Prices Fall Back
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2013
e-Zone PMIs Remain Under Pressure
The euro-zone's private sector economy remains under pressure in April. The manufacturing PMI index fell slightly to 46.48 in April from 46.75 in March. At this level the manufacturing index historically has been weaker only about [...]
- Global| Apr 23 2013
U.S. Gasoline Price Decline Stabilizes; Natural Gas Surge Continues
The price of regular gasoline held last week at $3.54 per gallon (-8.6% y/y). That followed eight weeks of decline from a $3.78 per gallon peak. The norm for this time of year, as driving picks up seasonally, is for prices to begin [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2013
Retail Sales Remain Weak in Zone; G-20 Remains Weak in the Knees
Retail sales growth in the Eurozone contracted in February after rising in January and dropping in December. Over three months, retail sales are contracting but they are contracting at a slower rate than they had been over six months. [...]
- Global| Apr 22 2013
U.S. Existing Home Sales Slip but Prices Improve
The National Association of Realtors reported that March sales of existing homes fell 0.6% (+10.3% y/y) to a 4.920M annual rate. The increase followed a downwardly revised 0.2% February uptick. The latest fell short of Consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2013
U.S. Chicago Fed National Activity Index Indicates Growth Moderation
The Chicago Federal Reserve reported that its March National Activity Index (CFNAI) backpedaled to -0.23 from an upwardly revised 0.76 in February. The three-month moving average pulled back to -0.01, its lowest reading since October. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2013
State Labor Market Conditions Are All Over The U.S. Map
Depending on where you live in the U.S., the unemployment rate may vary greatly from the country's 7.6% average. Suffering the greatest degree of unemployment is the Pacific region where jobless rates average 8.8%. California averages [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 19 2013
Italian Orders Erode Along With Governmental Prospects
Industrial orders in Italy fell by 2.5% in February adding to a string of declines that extends back over four months. The declines over the recent two months are steeper than the declines over the previous two months. Foreign orders [...]
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