Japanese consumers couldn't be much more pessimistic than they were in August, before the failure of Lehman Brothers. In the latest survey of consumer confidence, the diffusion index fell to 30.1 in August from 31.4 in July. This [...]
Global| Sep 16 2008
U.S. Gasoline Prices Raised By Hurricane Ike
The pump price for a gallon of regular gasoline jumped nearly twenty cents last week to $3.85 per gallon due to the threat to refineries from Hurricane Ike, according to the U.S. Department of Energy survey. For all grades of gasoline [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 16 2008
U.S. CPI Fell With Gasoline Prices
The August consumer price index (CPI-U) fell 0.1%, according to the Bureau of Labor Statistics. The Consensus expectation was for no change. Despite the decline, the three-month rate of change remained elevated at 7.2%. That will fall [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 16 2008
U.S. CPI Fell With Gasoline Prices
The August consumer price index (CPI-U) fell 0.1%, according to the Bureau of Labor Statistics. The Consensus expectation was for no change. Despite the decline, the three-month rate of change remained elevated at 7.2%. That will fall [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 15 2008
Italy's Inflation Hangs High
Italy’s inflation trends have yet to show decisive signs of turning lower. Italy’s total CPI is still pressing higher. The HICP Core rate shows a more hopeful sign of inflation topping but it shows no clear sign either of moving [...]
Global| Sep 15 2008
Canada's Surplus on Trade in Goods Declined in July
Canada's surplus on trade in goods was C$4.8 billion in July, C$0.8 billion lower than in June but C$2.1 billion higher than July 2007. During the month of July, exports increased C$0.9 billion to $44.3 billion but imports increased [...]
Global| Sep 15 2008
U.S. Empire State Index Negative; Prices Paid The Weakest Since January
The Federal Reserve Bank of New York reported that its September index of manufacturing activity in the Empire State was again negative. At -7.41 the reading fell from a positive 2.77 in August. Following modest improvement from more [...]
by:Tom Moeller
|in:Economy in Brief
Global| Sep 15 2008
U.S. Industrial Production Plummeted; Auto Output Plunged
August industrial production plummeted 1.2% following a little-revised 0.1% uptick during July. Consensus expectations had been for no change in output last month. The latest monthly decline was the largest since September 2005. The [...]
by:Tom Moeller
|in:Economy in Brief
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