Initial claims for unemployment insurance in the week ending October 19 fell 6,000 to 212,000 (-2.8% y/y) from 218,000 in the previous week, which was revised from 214,000. The Action Economics Forecast Survey expected 215,000. The [...]
Global| Oct 24 2019U.S. New Home Sales & Prices Weaken
Sales of new single-family homes fell 0.7% (+15.5% y/y) during September to 701,000 (SAAR) from 706,000 in August, revised from 713,000. Sales of 700,000 had been expected in the Action Economics Forecast Survey. These sales are [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2019
U.S. Durable Goods Orders Falter; Core Capital Goods Orders Drop Again
Manufacturers' orders for durable goods declined 1.1% (-5.4% y/y) during September following a 0.3% August rise, revised from 0.2%. A 0.9% decline had been expected in the Action Economics Forecast Survey. Orders for nondefense [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 24 2019
U.S. Initial Claims for Unemployment Insurance Decrease in Week, Remain in 50-Year Low Range
Initial claims for unemployment insurance in the week ending October 19 fell 6,000 to 212,000 (-2.8% y/y) from 218,000 in the previous week, which was revised from 214,000. The Action Economics Forecast Survey expected 215,000. The [...]
- Global| Oct 23 2019
French industry Climate Hits Its Lowest Reading Since March 2015
The climate gauge for French industry fell to 99.4 in October from 101.6 in September, marking its lowest point since March 2015. French manufacturing claimed for a plateau of readings in early-2015 to a peak at 113.5 in January 2018. [...]
- Global| Oct 23 2019
U.S. Mortgage Applications Fall Sharply as Interest Rates Rise
The Mortgage Bankers Association reported that its Mortgage Loan Index declined 11.9% (+53.6% y/y) during the week ending October 18, following a 0.5% improvement in the previous week. Applications to refinance a loan plunged 17.1% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 23 2019
U.S. FHFA House Price Appreciation Continues to Moderate
The Federal Housing Finance Agency (FHFA) Price Index increased 0.2% in August, following an unrevised 0.4% increase in July. During the last twelve months, home prices improved 4.6%, the weakest growth since late 2014. That growth [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Oct 22 2019
U.K. Industrial Trends Survey CBI- Implications for Brexit?
The Brexit process has been taking a toll on the performance of industrial orders in the United Kingdom. But the situation is only getting progressively worse and the worsening is becoming more extreme. Net orders fell to a -37 [...]
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