Japan's three main sectors industry (manufacturing), construction and tertiary (services) all show ongoing progress in June if not month-to-month, then in terms of trend. The chart on the left shows the indexes plotted in level [...]
- Global| Aug 21 2017
Japan's All-Industry Index Bounces Back in June
- Global| Aug 18 2017
German PPI Inflation Downshifts
In the short term, much of what happens to PPI inflation is determined by oil prices as the chart (on the left) reminds us. However, the mapping is not one-to-one and is not without its lags. Still, it is clear that recent hiatus in [...]
- Global| Aug 18 2017
U.S. Home Affordability Falls Sharply to 2008 Low
The National Association of Realtors reported that the Composite Index of Home Affordability declined 7.3% y/y during June to 144.5, the lowest level since September 2008. The index was 32.6% below its peak in January 2013. During the [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2017
U.S. Initial Unemployment Insurance Claims Fall
Initial unemployment insurance applications declined to 232,000 (-9.8% y/y) during the week ended August 12 from an unrevised 244,000 during the prior week. Expectations were for 240,000 claims in the Action Economics Forecast Survey. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2017
U.S. Industrial Production Increases Modestly; Factory Output Slips
Industrial production improved 0.2% during July (2.2% y/y) following an unrevised 0.4% June gain. A 0.3% increase had been expected in the Action Economics Forecast Survey. A 1.6% rise (-0.7% y/y) in utilities output accounted for [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 17 2017
Widespread Gain for U.S. Leading Economic Indicators in July
The Conference Board's Composite Index of Leading Economic Indicators increased 0.3% m/m (3.9% y/y) in July following an unrevised 0.6% m/m rise in June. A 0.3% monthly rise had been expected in the Action Economics Forecast Survey. [...]
by:Sandy Batten
|in:Economy in Brief
- Global| Aug 17 2017
Philadelphia Fed Factory Conditions Index Eases
The Philadelphia Federal Reserve reported that its General Factory Sector Business Conditions Index slipped to 18.9 during August, furthering its July decline to 19.5. It was the lowest reading since November. The figure compared to [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Aug 16 2017
European GDP...Breaking Good
GDP growth strengthens in Europe. Not only is GDP growth strengthening for the EMU as a whole, the sense of firming growth is spreading within the community. Better...but is 'better' good enough? EMU growth is up to 2.5% annualized [...]
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