Economy in Brief: 2008

For July, the Chicago Federal Reserve Bank indicated that its National Activity Index (CFNAI) weakened slightly. The reading of -0.67 was lower than the revised figure of -0.59 in June. The three-month moving average of the index, [...]

The level of existing homes rose 3.1% last month to 5.00 million. The figure, reported by the National Association of Realtors, more than made up a 2.8% decline during June and the rise lifted sales to the highest level since [...]

For July, the Chicago Federal Reserve Bank indicated that its National Activity Index (CFNAI) weakened slightly. The reading of -0.67 was lower than the revised figure of -0.59 in June. The three-month moving average of the index, [...]

Import growth in the Euro Area is still firm while export growth is fading. Import growth is of course is supported by strength in oil imports, much of that on the price side. For manufactured goods both exports and imports are weak [...]

Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]

Euro orders fell again in June by less month-to-month than in May but drove the Yr/Yr drop to -7.4%. That is much deeper than the -1.8% Y/Y drop recorded in May. Domestic orders in the zone are down Yr/Yr but are still struggling to [...]

The composite index of leading economic indicators, reported by the Conference Board fell 0.7% in July after being unchanged in June (revised from -0.1%). Forecasts had anticipated only a 0.2% decline. Last month the drop in building [...]

The Philadelphia Federal Reserve Bank reported that its Index of General Business conditions in the manufacturing sector "recovered" somewhat in August to -12.7 from -16.3 in July. This was a bit more improvement than forecast by [...]