New orders for durable goods jumped 4.0% during March (0.7% y/y) following an unrevised 1.4% February decline. Leading the increase were orders for defense aircraft which roughly doubled m/m (26.5% y/y). Nondefense aircraft orders [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2015
Kansas City Fed's Factory Sector Index Continues Moving Downward
The Federal Reserve Bank of Kansas City reported that business activity continues to deteriorate. The Composite index of 10th District factory sector activity fell to -7 this month, the lowest level since May 2009. Deterioration in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2015
U.S. New Home Sales Unexpectedly Backpedal
New home sales during March declined to 481,000 (+19.4% y/y) from 543,000 during February, initially reported as 539,000. The latest figure missed expectations for 510,000 sales in the Action Economics Forecast Survey and was the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 23 2015
EMU Upward Momentum Stalls in April
Both the EMU manufacturing and services indices backtracked in April. The overall index fell by one-half point; each component fell by one-half point or less. Yet, for the EMU as a whole, the overall index and each component continue [...]
- Global| Apr 23 2015
U.S. Initial Unemployment Insurance Claims Suggest Limited Layoffs
The job market remains on a firm footing as evidenced by initial claims for unemployment insurance. Except for a brief period this winter, they have been hovering below 300,000 since August. Initial claims in the week ended April 18 [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
U.S. Existing Home Sales Surge
Following a tough winter, sales of existing homes surged 6.1% (13.5% y/y) to 5.190 million (AR). It was the highest level of sales since September 2013 and followed a little-revised 1.5% February rise. Sales exceeded consensus [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
U.S. FHFA Home Price Index Increase Improves
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.7% during February (5.4% y/y) following an unrevised 0.3% January rise. The three-month gain in prices remained stable at 7.3%, up from 3.3% in [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Apr 22 2015
Italy's Retail Sales Begin to Show Signs of Life
Italian retail sales continue to make some progress but are still falling year-over-year. The chart makes it clear that advances in confidence have preceded improvements in retail sales. And Italian consumer confidence is on a roll [...]
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