The Federal Reserve Bank of Kansas City reported that business activity improved during July. The Composite index of 10th District factory sector activity rose to -7, up from May's low of -13. The Fed indicated that higher shipments [...]
Global| Jul 23 2015Kansas City Fed's Factory Sector Index Demonstrates Mixed Performance
by:Tom Moeller
|in:Economy in Brief
Global| Jul 23 2015U.S. Leading Economic Indicators Index Posts Another Firm Gain
The Index of Leading Economic Indicators from the Conference Board increased 0.6% during June following a 0.8% rise during May, revised from 0.7%. A 0.2% improvement had been expected in the Action Economics Forecast Survey. The [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 23 2015Chicago Fed National Activity Index Turns Positive
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during June registered its first positive reading since December. The latest figure increased to 0.08 from -0.08 in May, revised from -0.17. The three-month [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 23 2015U.S. Initial Unemployment Insurance Claims Decline to 1973 Low
The rate of labor market improvement may have accelerated. Initial claims for unemployment insurance fell to 255,000 (-8.4% y/y) during the week ended July 18 from an unrevised 281,000 during the prior week. The latest figure was the [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 23 2015Japan's Trade Shows Little Change
Japan's trade trends show little alteration over the last few months. Over that period, exports have grown year-over-year in a range from 5.5% to 8.4% while imports have declined by 3.9% to 5.8%. The trade gap has fluctuated between [...]
Global| Jul 22 2015U.S. Existing Home Sales Improve to 2007 High; Prices Set a Record
Sales of existing homes increased 3.2% last month to an annualized 5.490 million (9.6% y/y) from 5.320 in May, revised from 5.350 million. Sales were at the highest level since February 2007 and stronger than consensus expectations [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 22 2015U.S. FHFA Home Price Increase Remains Steady
The U.S. House Price Index from the Federal Housing Finance Agency (FHFA) increased 0.4% during May (5.7% y/y) following a 0.4% April gain, revised up from 0.3%. While prices reached the highest level since August 2007, the three- [...]
by:Tom Moeller
|in:Economy in Brief
Global| Jul 22 2015French Business Climate Perks Up- Will It Stay Up?
French business climate in the Insee survey for July rose by two points to stand at an index value of 102, up from 100 (its average) in June. This two-point rise in climate is a gain only exceeded about 14% of the time, marking it as [...]
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