The forward-looking GfK consumer confidence/climate gauge for February has stumbled for the fourth month in a row. Month-to-month the climate gauge fell by 8.1 points, its largest one-month drop since May 2020. Broad headline and [...]
- Global| Jan 27 2021
German Consumer Confidence in February Is Projected Much Lower
- Global| Jan 27 2021
U.S. Durable Goods Orders' December Gain Disappoints
• Orders increase is reduced by orders for commercial aircraft decline. • Bookings less transportation orders remain firm. • Shipments surge while inventories & order backlogs ease. Factory sector activity remains on a firm footing. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 27 2021
U.S. Mortgage Applications Tumble
• Declines in both purchase and refinancing applications. • Mortgage interest rates mostly edged down but remain off recent lows. The Mortgage Bankers Association Mortgage Loan Applications Index fell 4.1% w/w (+39.7% y/y) in the [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Jan 26 2021
State Labor Markets in December
State labor market data results in December were again mixed. The count of states with falling unemployment has been on the downtrend, with 19 seeing improvement from November to December, a noticeably smaller number than has recently [...]
- Global| Jan 26 2021
Positive Scarring
Many commentators have been focusing on some of the negative longer-term effects of the coronavirus crisis on the world economy. These include higher levels of debt, higher long-term unemployment, weaker world trade growth and [...]
by:Andrew Cates
|in:Economy in Brief
- Global| Jan 26 2021
U.K. Retail Survey Shows Extreme Weakness
The U.K. retail volume survey conducted by the Confederation of British Industry (CBI) shows dramatically weakened data for January- and for the February outlook- as the U.K. implements what is still a severe economic lockdown. U.K. [...]
- Global| Jan 26 2021
U.S. Consumer Confidence Recovers During January
• Consumer confidence rebounds following two months of decline. • Expectations improve while the current conditions reading continues to fall. • Jobs gap deterioration suggests higher unemployment rate. The Conference Board Consumer [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Jan 26 2021
U.S. FHFA House Price Index Rose Further in November
• House prices rose 1.0% m/m, the sixth consecutive monthly increase of 1.0% or more. • Prices were up 11.0% y/y, a series record annual increase. The Federal Housing Finance Agency (FHFA) House Price Index increased 1.0% m/m in [...]
by:Sandy Batten
|in:Economy in Brief
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