Economy in Brief: January 2013

The National Association of Realtors reported that sales of existing homes fell 1.0% (+12.8% y/y) during December to a 4.940M annual rate. The gain followed a downwardly revised 4.8% November rise to 4.990M, initially reported as [...]

The Chicago Federal Reserve reported that its National Activity Index (CFNAI) for December fell to 0.02 from a revised 0.27 in November, last month reported as 0.10. The three-month moving average ticked slightly higher to -0.11. [...]

Throughout the United States, the unemployment rate has fallen to some degree from the recession high. While not down much in New Jersey, New York and Connecticut, rates are nonetheless down sharply elsewhere. The problem in the labor [...]

The University of Michigan's Index of Consumer Sentiment for mid-January deteriorated to 71.3 (-4.9% y/y) from an already depressed and unrevised 72.9 in December. The latest figure fell short of Consensus expectations for improvement [...]

European manufacturing continues to weaken. The 12 month percentage change in orders is substantially lower for all the countries listed in the table than it was at this time one year ago. . When we compare the year-over-year [...]

European manufacturing continues to weaken. The 12 month percentage change in orders is substantially lower for all the countries listed in the table than it was at this time one year ago. . When we compare the year-over-year [...]

Foreign investors purchased $61.5 billion worth of U.S. long-term debt and equity securities in November, according the U.S. Treasury's International Capital ("TIC") data, published yesterday. This marked a noticeable pick-up from [...]

The Philadelphia Federal Reserve Bank reported that its General Business Conditions Index fell to -5.8 after improving to 4.6 during December, revised down from 8.1. Haver Analytics constructs a seasonally adjusted figure comparable [...]