The Conference Board's Consumer Confidence Index during January rose 1.9% to 98.1 following a 4.0% rise in December to 96.3, revised from 96.5. Consensus expectations had been for a reading of 96.1, according to the Action Economics [...]
- Global| Jan 26 2016
U.S. Consumer Confidence Strengthens
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2016
U.S. FHFA Home Price Index Remains Firm
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.5% in November (5.9% y/y), the same as during October. Over the last three months, the annualized rate of change picked up to 7.5%, the quickest [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2016
U.K. CBI Industrial Survey Weakens As Expectations Show Life
The U.K. CBI survey for January shows a sizeable drop in industrial orders for U.K. industrial firms. The index, a diffusion reading in this survey, fell to -15 in January from -7 in December. It is the weakest reading since October [...]
- Global| Jan 26 2016
U.S. Energy Price Decline Continues
Gasoline prices have weakened to the lowest level since January 2009. The pump price for a gallon of regular gasoline declined last week to an average $1.86 (-9.2% y/y), down from $1.91 in the prior week, according to the U.S. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2016
Texas Factory Sector Activity Deteriorates Sharply
The Federal Reserve Bank of Dallas indicated that economic activity in the state deteriorated sharply this month. The measure of general business activity slid to its lowest level since April 2009. The reading was pulled down by a [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 25 2016
Germany's Ifo Turns Sour; Is It Part of the Global Malaise?
The German Ifo survey stepped back in January as it deteriorated much faster than the ZEW survey had expected. The ZEW index is a survey of financial experts and reveals their perceptions of the economy. The Ifo is an industry survey [...]
- Global| Jan 22 2016
European PMIs Sag in January
The EMU private sector PMI slipped to 53.5 in January from 54.3 in December. The index is at an eight-month low. Both the manufacturing and services sector PMIs ratcheted lower in January. Manufacturing was last lower in October and [...]
- Global| Jan 22 2016
U.S. Existing Home Sales Recover; 2015 Strongest Since 2006
The National Association of Realtors reported that existing home sales jumped 14.7% during December (6.1% y/y) to 5.460 million (SAAR). The rise followed an unrevised 10.5% November decline that reflected new regulations which [...]
by:Tom Moeller
|in:Economy in Brief
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